# Pointe at Silver Springs – 68-Unit Townhome Development

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

**Location:** Silver Springs Shores, Marion County, FL  
**Status:** Development Investment Opportunity · Phase I approved  
**Key figures:** 68 townhome units · 5.48 acres AR-3 · 38.29% projected ROI

## Overview

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.

Key Investment Highlights:
• 5.48 acres AR-3 multifamily, Silver Springs Shores corridor
• Land cost: $1,900,000 ($27,941 per unit allocation)
• Total project cost: $20,950,846 (Phase I $5,473,018 + Phase II $15,477,828)
• Total gross sellout: $30,498,000 ($28,973,100 net)
• Total projected profit: $8,022,254
• Blended ROI: 38.29% · IRR 15-22% (19% base case)
• Timeline: 30-42 months across both phases

Construction is townhome-style multifamily on slab — cement-block walls with stucco, framed upper level, luxury vinyl plank or marble-look porcelain throughout, marble + granite countertops, shaker cabinets, two-car attached garages.

## Details

- Prime AR-3 Multifamily: 5.48 acres, Silver Springs Shores
- Land Cost: $1,900,000 ($27,941 per unit)
- Phase I: 18 approved units · 1.30 ac · $5.47M cost · 40.13% ROI · 12-18 mo
- Phase II: 50 units · 4.18 ac · $15.48M cost · 37.64% ROI · 18-24 mo
- Net Sellout: $28,973,100 · Projected Profit: $8,022,254
- Blended ROI: 38.29% · IRR 15-22%
- Phase I plans stamped — Marion County AR#29072

## Specifications

| Specification | Value |
| --- | --- |
| 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 |

## Amenities

- 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

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

## Market highlights

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

## Financials

### 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

## Comparable sales

| Address | Status | Price | Sq ft |
| --- | --- | --- | --- |
| 415 SE 1st Ave #103-B, Ocala | undefined | $449,000 | 1,202 |
| 2858 Leicester Ter, The Villages | pending | $374,900 | 1,178 |
| 1052 Jackson St, The Villages | pending | $419,900 | 1,258 |
| 1110 Burnettown Pl, The Villages | sold | $379,900 | 1,132 |
| 870 Robles Ave, Lady Lake | sold | $385,000 | 1,279 |
| 1314 Santa Rosa Ct, Lady Lake | sold | $399,000 | 1,302 |
| 3173 Archer Ave, The Villages | sold | $450,000 | 1,221 |

## Documents

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

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Full brochure: https://www.innovaldp.com/projects/pointe-at-silver-springs
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790