DF Capital Management LLC of Ponte Vedra Beach, purchased 220 acres in Clay County for $23 million.
The property is southwest of Russell Road and southeast of Hands Drive. It is 2.4 miles from Lake Asbury Elementary School.
The property was sold on Oct. 21 by Rubix Foods LLC of Jacksonville through Triple B Ranch LLC. DF Capital Management purchased the land through DFC Anabelle LLC.
The buyer is a funding source for Dream Finders Homes.
Christopher Butler, DF Capital Management managing partner, describes the company on his LinkedIn page as: “A private investment manager providing project level equity/debt for community development and the construction of single-family homes.”
The DF Capital Management website states that it was formed in 2018 to manage Dream Finders’ inaugural fund, DF Residential I, LP, to provide expertise and funds to invest in single-family residential real estate.
Rubix Foods, formerly Darifair Foods, is a family-owned food innovation company.
The property has a 3,204-square-foot home and a 1,104-square-foot detached rec room. Both are two stories and were built in 2002. They are at 2920 N. County Road 209 in Green Cove Springs.
The house has three bedrooms, three full baths and one half bath. The rec room has two bedroom and one full bath. The house is on a lake with a dock. There is also a heated swimming pool.
The real estate company Redfin estimates the value of the house and rec room at $2.5 million.
Rubix Foods purchased the land in 2012 for $2.3 million.