St. Johns Co., FL, 190 Acre Property! $6.9M

Address: 9725 JE Ausley Rd., Hastings, Florida, St. Johns County
Directions: From I-95, go west on CR207, left on CR13S, right Hastings Blvd., left Cracker Swamp, right JE Ausley Rd. Property begins at house on left. Property on both sides of the road.
Property Details: This 190 acre parcel is located near proposed Mariposa development, which is planned for 3,230 homes, 150,000 sq. ft. of office space, 200,000 sq. ft. of industrial space, 2 public parks and at least one school. This area is really growing fast.

This property is leased as a sod farm and produces an annual income of $60,000 per year. The lease expires December 31, 2009 and is due January 1 every year until expiration. There are approximately 24 acres of uncleared land with harvestable pines and hardwoods that are probably worth $30,000 to $40,000. Zoning is O R and land use is sod farm/cropland. Wetlands in the uncleared area are believed to be approximately 5 acres, though not guaranteed.
Recent News: Peter Guinta wrote an article in the St. Augstine Record in October 2005, entitled "Putnam project to affect roads in St. Johns" highlighting the impact Mariposa could have on St. Johns County.
    Two small rural roads in southwest St. Johns County could be transformed into major east-west highways by the time a 2,000-acre development on the Putnam-St.Johns county line is completed.

    Those two streets, Cracker Swamp Road and Yelvington Road, don't carry much traffic now. But they frame the northern and southern boundaries of Mariposa, a huge proposed development south of Hastings and west of Flagler Estates.
Here's the full article... (registration required)


Marcia Lane wrote an article entitled "3,230-unit town planned on county line", which appeared in the October 8th, 2005, St. Augustine Record.
    One Putnam commissioner says he expects more development to come into the area in the near future, including a gated community in the East Palatka area.

    According to a pre-application document in Putnam's Planning & Development Office, Mariposa's master plan calls for 3,230 residences, 679,000 square feet of office, retail and industrial space, two public school sites (including one off-site) and two athletic complexes.
Here's the full article... (registration required)

Contact: For more information please contact Earl Parker at Re/Max Specialists.
Ofc: 904-270-0747
Fax: 904-435-0120
Direct: 904-435-1944
Hm. Fax: 904-246-0201