7.17 +/- Acre Residential / Marina Development Site.
Available for sale or joint venture.
Great location fronting the expansive St. Johns River.
Site planned for 143 residential units and 66 slip marina.
Current Plan for 6 story condo and 28 villas
On the path of the new First Coast Expressway.
Town very supportive of development.
Magnolia Cove is a great opportunity for a developer or builder to purchase or joint venture with current ownership to construct a unique residential and marina property on the St. Johns River.
Current site plan encompasses 143 residential units and a 66 slip marina. The proposed six-story pedestal designed main building consists of 115 flats with an additional 28 villas in front. The pedestal design was incorporated in provide additional parking and to allow direct river views to all units. The site is currently cleared and is to grade. An 8’ wide public nature trail will be incorporated along the riverfront with gated access to the residential development and marina components. Mitigation Fees are fully paid.
Current ownership has anticipated the development being “for sale” product. There is no competing high quality rental community within 7-8 miles of the site and might be a consideration depending on rental rate estimates.
Located on the west bank of the St. Johns River west of St Augustine and south of Jacksonville in the town of Green Cove Springs.
Lot Size: 7.17 acres
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