Discovery Trails community in Middleburg sold for $21.33 million

Progress Residential of Scottsdale, Arizona, bought the 76 rental town homes on Aug. 17.


  • By Dan Macdonald
  • | 5:45 p.m. August 23, 2023
  • | 5 Free Articles Remaining!
The Discovery Trails community at 806 Voyager Trail in Middleburg.
The Discovery Trails community at 806 Voyager Trail in Middleburg.
  • Real Estate
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The Discovery Trails community at 806 Voyager Trail in Middleburg sold Aug. 17 for $21.33 million.

DHI Residential of Arlington, Texas, a D.R. Horton Company, sold the property through DHIR North Florida I LLC. 

The buyer was Progress Residential of Scottsdale, Arizona, through SFR V Tranche 5 Borrower Residential.

There are 76 rental town home units built in 2023.

The unit price is $280,618.

Progress Residential specializes in buying homes to rent. It has an inventory of more than 85,000 houses in 30 metro areas around the country, according to its website. 

It has two- and three-bedroom units from 1,442 to 1,795 square feet. Monthly rents are from $2,210 to $2,685.

There are 15 units available to rent, according to the Discovery Trails website.

The property has a playground. Each town home has a top-load washer and dryer.

Management is on-site and there is 24-hour emergency maintenance.

 

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