Skip to main content
INNOVALDP
352-230-7790info@innovaldp.com
Aerial drone rendering of Pointe at Silver Springs — rows of two-story townhomes with garages and tree-lined streets across the full 5.48 AR-3 community in Marion County, Florida
← All projectsInnova · Brochure
Silver Springs Shores, Marion County, FLDevelopment Investment Opportunity · Phase I approved

PointeatSilverSprings

68-Unit Townhome Development

Sixty-eight townhomes on 5.48 AR-3 acres — Phase I approved, Phase II queued.

Scroll to begin
02 · By the numbers
0townhome units
0acres AR-3
0%projected ROI
Ground-level streetscape rendering of Pointe at Silver Springs — two-story townhomes with master-suite balconies, two-car garages, and residents walking a dog on the sidewalk
03 · Vision

What we're building

Pointe at Silver Springs is a 68-townhome development on 5.48 AR-3 zoned acres in Silver Springs Shores, Marion County — 2 minutes from the Walmart Supercenter, 7 minutes from Silver Springs State Park, 8 minutes from the Marion County Hospital District, and 19 minutes from Ocala's Downtown Historic Square, with restaurants, retail, and schools across the surrounding corridor. Land cost is $1,900,000 with a projected 38.29% ROI on $20,950,846 in total project cost across two phases. Units are an average of 1,868 sq ft with 3 bedrooms, 2.5 baths, an attached two-car garage, entry porch, and master-suite balcony.

Phase I (1.30 acres, 18 units) is fully approved under Marion County AR#29072 — architectural, civil, and MEP plan sets are stamped and ready to permit. Phase II (4.18 acres, 50 units) is queued for the same site, engineering already scoped at $5,500 per unit.

RenderingsSuggested · subject to final architecture

What it could look like.

Suggested concept renderings of the 68-unit build-out. Phase I plans are stamped and approved under AR#29072 — see the engineering blueprints below. Phase II is in pre-development and will be issued under a separate plan set.

  • Photographic-style streetscape rendering of Pointe at Silver Springs — symmetric two-story townhome row, two-car garages, master-suite balconies, lawn and trees
    Streetscape concept · 3 BR / 2.5 BA, 1,868 sq ft per unit · two-car garage, entry porch, master balcony
04 · Specifications

The details, end to end.

Project Type
68-Unit Townhome Development (2 Phases)
Land Size
5.48 acres
Land Cost
$1,900,000
Zoning
AR-3 Multifamily
Unit Size
Avg 1,868 sq ft (3 BR / 2.5 BA)
Per Unit
Two-car garage · entry porch · master balcony · interior laundry
Phase I
18 units · 1.30 ac · 33,637 SF · approved AR#29072
Phase II
50 units · 4.18 ac · 93,436 SF · pre-development
Total Project Cost
$20,950,846
Gross Sellout
$30,498,000
Net Sellout
$28,973,100
Projected Profit
$8,022,254
Projected ROI (Blended)
38.29%
Projected IRR
15-22% (19% base case)
Timeline
30-42 months (both phases)
Project Planning
Innova Land and Development Planning
Site

Where it sits.

Silver Springs Shores, Marion County, FL29.2166°N · -82.0610°W
Mapbox satellite aerial with parcel boundaries overlaid — gold strip (Phase I, 1.30 ac, AR#29072 approved) directly north of the aqua trapezoid (Phase II, 4.18 ac, pre-development) on NE 52nd Court in Silver Springs Shores, Marion County, FL
Parcel pin · 2811 NE 52nd Ct, Silver Springs, FL 34488 · gold = Phase I approved (1.30 ac) · aqua = Phase II pre-development (4.18 ac) · parcels 24080-006-00 + 24080-007-00
Mapbox pinned aerial with parcel boundaries — red marker centered on the project, gold Phase I strip approved AR#29072 (1.30 ac) directly north of aqua Phase II tract pre-development (4.18 ac) along NE 52nd Court, Marion County FL
Neighborhood context · gold + aqua = the parcels · amber B = East Silver Springs Blvd · green P = Silver Springs State Park (headsprings)
Mapbox satellite neighborhood view with the two Pointe at Silver Springs parcels outlined in gold and aqua, plus an amber B pin marking East Silver Springs Blvd and a green P pin marking the Silver Springs State Park headsprings to the east
Site plan

How the parcel breaks down.

blueprint
Phase I parcel breakdown — three color-coded buildings on the 1.30-acre tract along NE 52nd Court and NE 29th Street: Building 1 (blue) units 01-06, Building 2 (orange) units 07-12, Building 3 (green) units 13-18 — 18 approved townhomes total under AR#29072
Light-style Mapbox map of the Pointe at Silver Springs parcels with labels directly on each parcel — amber Phase I strip says "PHASE I · 18 townhomes · 1.30 ac · Approved AR#29072" and cyan Phase II tract says "PHASE II · 50 townhomes · 4.18 ac · Pre-development" on NE 52nd Court at the corner of NE 29th Street
Gallery

See it.

Market highlights

Why this market.

  • 01Silver Springs Shores corridor — established Marion County residential market
  • 02AR-3 entitlement supports the full 68-unit density on a single parcel
  • 03Phased delivery: Phase I capital partially de-risked before Phase II break-ground
  • 04Strong Ocala-area absorption for townhome product at $240/SF
Amenities

What investors are funding.

  • 3-bedroom, 2.5-bathroom townhomes
  • Attached 2-car garage per unit
  • Master-suite balcony above entry porch
  • Walk-in closet · interior laundry room
  • Open-plan living / dining / kitchen on the main level
  • Luxury waterproof vinyl plank or marble-look porcelain throughout
  • Marble + granite countertops (kitchen and baths)
  • Shaker style wood cabinets
Sustainability

Built for the next thirty years.

  • Energy-efficient envelope (cement block, stucco, framed upper level)
  • Modern HVAC and high-performance windows
  • Stormtech infiltration system for on-site stormwater retention
Documents

Read what we read.

  • Plan Approval AR#29072 — Phase IMarion County stamped plan approval for the 18-townhome Phase I site (1.30 ac).
    Request
  • Phase I Architectural SetFull architectural drawings: foundation, floor plans, sections, elevations, truss layouts, and roof plans for Buildings 1, 2, and 3.
    Request
  • Phase I Civil / Site EngineeringSite Plan, Grading, Utility Plan, Stormtech retention details, MOT plan, and full site details package.
    Request
  • Phase I MEPElectrical and plumbing plan sets for Buildings 1, 2, and 3.
    Request
  • Environmental PermitIssued environmental permit covering site work on the 5.48-acre parcel.
    Request
  • MCUD Wastewater PermitMarion County Utilities Department wastewater service permit — Silver Springs Shores WWTF (FLA296651).
    Request
  • Financial Summary — 2 Phases / 68 UnitsDetailed cost and revenue model: per-phase land allocation, construction basis, site development, soft costs, impact fees, sellout, and ROI/IRR ranges.
    Request
Financials

The math.

Land Acquisition

  • Total Land Cost: $1,900,000
  • Land Size: 5.48 acres AR-3 zoned
  • Per-Unit Allocation: $27,941.18 across 68 units

Per-Unit Build Basis

  • Unit Avg size: 1,868 sq ft (3 BR / 2.5 BA)
  • Construction: $226,115 per unit
  • Site Development: $30,000 per unit
  • Soft Costs: $10,000 per unit
  • Impact Fees: $10,000 per unit
  • Engineering (50 units): $5,500 per unit
  • Sale Price: $448,500 per unit (~$240 per SF)
  • Commission + Closing: 5% of sale price

Project Cost Breakdown (68 units · 5.48 ac)

  • Land: $1,900,000
  • Construction (127,073 SF × $121): $15,375,833
  • Site Development (68 × $30K): $2,040,000
  • Soft Costs (68 × $10K): $680,000
  • Impact Fees (68 × $10K): $680,000
  • Engineering (50 × $5,500): $275,000
  • Total Project Cost: $20,950,846

Revenue & Returns

  • Gross Sellout (68 × $448,500): $30,498,000
  • Commission + Closing (5%): $1,524,900
  • Net Sellout: $28,973,100
  • Avg Projected Profit: $8,022,254
  • Blended ROI: 38.29%
  • Estimated IRR: 15-22% (19% base case)
  • Timeline: 30-42 months end to end
Comparables

What's selling nearby.

Average
$334/sf
Range
$301–$374
Sample
7
  • 01415 SE 1st Ave #103-B, Ocala1,202 sf2025Brick City Lofts South, downtown Ocala townhouse, Phase 2 pre-construction$449,000$374/sf
  • 022858 Leicester Ter, The VillagesPending1,178 sf2004Belmont Villas, turnkey furnished, near Southern Trace Plaza$374,900$318/sf
  • 031052 Jackson St, The VillagesPending1,258 sf2005Woodlawn courtyard villa, water + golf-course view, no bond$419,900$334/sf
  • 041110 Burnettown Pl, The VillagesSold1,132 sf2006Woodlawn villa, fully remodeled 2024-25, near Sumter Landing$379,900$336/sf
  • 05870 Robles Ave, Lady LakeSold1,279 sf1998Expanded San Lucas villa, golf-front$385,000$301/sf
  • 061314 Santa Rosa Ct, Lady LakeSold1,302 sf1994Villa De Laguna, Hacienda golf-course view$399,000$306/sf
  • 073173 Archer Ave, The VillagesSold1,221 sf2000Somerset model, golf-front, salt-water heated pool$450,000$369/sf
Schedule

How it builds.

Capital
$20,950,846

Pointe at Silver Springs is delivered in two phases on a single parcel. Phase I (18 approved townhomes) runs 12-18 months and recycles capital before Phase II breaks ground; Phase II (50 townhomes) takes the project to full build-out in another 18-24 months. Total project cost is $20,950,846 against a $28,973,100 net sellout — a $8,022,254 projected profit at 38.29% blended ROI.

  • 01 · Phase I · Land + entitlementMonths 1-3
  • 02 · Phase I · Construction · 18 townhomesMonths 4-15
  • 03 · Phase I · Sellout + Phase II permittingMonths 16-18
  • 04 · Phase II · Permits + vertical · 50 townhomesMonths 19-36
  • 05 · Phase II · Sellout + final distributionMonths 37-42
  1. 01

    Phase I · Land + entitlement

    Months 1-3

    Close on the full 5.48-acre AR-3 parcel and stand up the Phase I delivery. Phase I architectural, civil, and MEP plan sets are already stamped under Marion County AR#29072 — soft costs cover the construction-ready package and the permit-issuance window.

    First capital call covers the land close, the per-unit land allocation against Phase I, and the soft-cost package needed to pull permits.

    Deliverables
    • Recorded land deed
    • Phase I permit issuance (AR#29072)
    • Phase II engineering scoped
  2. 02

    Phase I · Construction · 18 townhomes

    Months 4-15

    Vertical construction on the approved 1.30-acre Phase I tract. Three buildings, 18 total townhomes, 33,637 SF of conditioned space. Site development, slab, cement-block walls with stucco, framed upper level, MEP rough-in, and interior finishes against the Innova material catalog. Inspected GC draws each month.

    Bulk of Phase I capital deploys against the GC schedule — site development, vertical construction, soft costs, and impact fees.

    Deliverables
    • Three buildings vertical and dried-in
    • Monthly construction reports with photos and draw documentation
    • Certificates of occupancy across 18 units
  3. 03

    Phase I · Sellout + Phase II permitting

    Months 16-18

    List and close the Phase I 18 townhomes at $448,500 average sale (~$240/SF). Net Phase I sellout of $7,669,350 returns invested capital and yields the Phase I profit ($2,196,332 · 40.13% ROI). In parallel, Phase II plan set is completed and submitted — engineering already scoped at $5,500 per unit across 50 units.

    Sale proceeds first return Phase I capital and operating expenses (5% commission + closing), then distribute Phase I profit. Phase II soft costs deploy from the Phase I distribution.

    Deliverables
    • 18 Phase I unit closings
    • Capital return + Phase I profit distribution
    • Phase II plan set submitted for permit
  4. 04

    Phase II · Permits + vertical · 50 townhomes

    Months 19-36

    Permit issuance for the Phase II 4.18-acre tract, site development on the remaining land, and vertical construction on 50 townhomes (93,436 SF). Larger phase, same product, same Innova material palette — built under a single GC contract sequenced across 18-24 months.

    Phase II construction draws plus the per-unit site development, soft costs, impact fees, and the $5,500-per-unit engineering allocation.

    Deliverables
    • 50 townhomes vertical and dried-in
    • Monthly construction reports with photos
    • Certificates of occupancy across all 50 Phase II units
  5. 05

    Phase II · Sellout + final distribution

    Months 37-42

    List and close the Phase II 50 townhomes at $448,500 average sale (~$240/SF). Gross sellout of $22,425,000, net $21,303,750 after 5% commissions and closing. Phase II profit of $5,825,922 at 37.64% ROI completes the deal.

    Sale proceeds return remaining invested capital and distribute Phase II profit. Final accounting and the distribution wire happen at the last closing.

    Deliverables
    • 50 Phase II unit closings
    • Final accounting across both phases
    • Capital return + total profit distribution wire ($8,022,254)
Investor cash flow

Two phases on a single parcel, one investor across both. Phase I deploys $5,473,018, builds 18 approved townhomes, and recycles at month 18 with a $2,196,332 profit distribution. Phase II then deploys $15,477,828, builds the remaining 50 townhomes, and pays the balance at month 42 — $28,973,100 net sellout, $8,022,254 total profit, blended 38.29% ROI.

  1. 01 · Capital deployed$20,950,846Months 1–36 · per phase allocations aboveLand, soft costs, impact fees, site development, engineering, and vertical construction across both phases — investor-funded end to end with no bank construction loan.
  2. 02 · Returned to investor
    $28,973,100
    Months 14–36 · final at month 36Net sellout returns the $20,950,846 of invested capital and distributes the $8,022,254 projected profit (38.29% blended ROI · IRR 15-22%).
  3. 03 · Avg Projected Profit$8,022,254Net of capital · distributed at sellout
Materials

Built to last.

Every Innova home ships with a defined materials package — stone, flooring, cabinets, hardware, finishes. Specified once, documented once, applied to every unit on the site.

The full Innova Materials Catalog — sixteen chapters, every finish on every build, with the exact options available to investors and end-buyers.

See the materials catalog
Next step

WalkthedealonPointeatSilverSprings.

Talk to Innovainfo@innovaldp.com · 352-230-7790