Development of the former Winding Oaks Farm property in Ocala has advanced another step. Here's what we know:
What's the latest at Winding Oaks Farm in Ocala?
The former Winding Oaks Farm has sold for $31.7 million, according to a deed on file with the court clerk.
The seller is Cradle Holdings Inc., which is connected to the Melnyk family. The buyer is KL Winding Oaks LLC, a newly formed company linked to The Kolter Group, a Palm Beach County-based company that, according to its website, "is a diversified real estate development and investment firm that has invested in projects with expected value in excess of $30 billion."
In all, the property sold covers 736 acres. The street address is 4090 SW 66th St., Ocala.
What is planned?
City of Ocala officials have previously noted that close to 2,100 single-family homes will be built, along with multi-family residential and commercial buildings. About 300 acres of the farm will remain agricultural.
The Winding Oaks Community Development District was approved by the city earlier this year. A call to Kolter was not immediately returned.
Is there a school planned for the Winding Oaks Farm property?
Yes. One of two new elementary schools for Marion County is being built at the farm, 7200 SW 49th Avenue Road. A groundbreaking ceremony was held in March. The school should open in August 2025.
Previous coverage: Ocala’s Winding Oaks Farm continues wind down
What do we know about The Kolter Group?
The portfolio section of its website shows homes and developments throughout Florida and also in Georgia, North Carolina and South Carolina. Some of the developments close to Ocala include the 100 Oaks development in Sumter County and Hammock Oaks in Lady Lake.
Some farm history
Eugene Melnyk , a Canadian businessman and billionaire, purchased Winding Oaks in 2001. He left the horse racing business in 2014 and eventually decided to develop some of the farm .
“I love the farm. I love Ocala. I have seen it grow” for the past 15 years, Melnyk told the Star Banner in 2016 as the plans were just beginning to take shape. He died in 2022 at age 62.
This article originally appeared on Ocala Star-Banner: Winding Oaks Farm in Ocala sells for $31.7 million to Palm Beach County developer
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