11156 U.S. 301, Oxford, FL, 34484, US

Oxford Place

Asset description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire the Oxford Place Development Site (the “Property” or “Site”), an ±18.1-acre residential parcel located in The Villages MSA – the nation’s top selling and fastest growing master-planned community. With site plan approval in-place for 154 cottage-style units a developer can quickly come out of the ground with a near-shovel ready project. Alternatively, the Seller will allow time for a developer to amend the site plan to accommodate a for-sale or for-rent community that will meet the significant unmet demand for housing created by virtue of it’s desirable location within the nation’s top MSA for population growth.

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Investment highlights

The Site is situated within The Villages Metropolitan Statistical Area (MSA), recognized as the fastest-growing MSA in the United States. Since 2010, it has experienced a remarkable 62% population growth, primarily driven by The Villages—a master-planned community renowned for its extensive amenities.
Strategically located just west of The Villages’ core and adjacent to the intersection of US-301 and County Road 466, this property offers convenient access to a diverse array of retail and entertainment options. Residents can easily reach popular destinations such as Publix, ALDI, and The Villages Golf Course. Furthermore, a new Costco is slated to open in 2025, further enhancing the area’s amenities.
The Oxford Place project, currently designed for 154 cottage-style units, is anticipated to be permit-ready by late 2024. The property’s R-3 zoning, and Medium High Density Residential future land use designation allows for a residential density of up to 9 units per acre, potentially accommodating a maximum of 162 units. The site offers developers the flexibility to build single-family homes, townhomes, or traditional multi-family housing.
The Wildwood-The Villages MSA remains one of the most supply constrained markets in Florida in relation to population, with 23 residents per multi-family unit. According to Census Data, 60.7% of individuals who work in the Villages currently live more than 10 miles away. New development is desperately needed to relieve the tremendous supply/demand imbalance in the area.