SVN FLORIDA ADVISOR COORDINATING SALE OF FAMED JUMBOLAIR IN OCALA, FLA.

Rich with Hollywood history, $10.5 million property is on the country’s largest private runway; contains residential and rental units, a mansion

Published Tuesday, July 9, 2019

Ocala, Fla. (July 9 2019)Bartow McDonald IV, managing director at SVN Florida, is marketing and coordinating the sale of a $10.5 million aviation community property in Ocala, Fla., situated on the longest private runway in the United States. Jumbolair features the former Muriel Vanderbilt mansion, a warehouse/manufacturing complex, a banquet hall, horse stalls and Jumbolair Aviation Estates. The estates are a 38-lot private aviation residential development with deeded access to the runway.

“This is a tremendous property: Jumbolair has such a colorful history,” McDonald said. “It’s a point of departure for all kinds of private and business travel. The runway is so large it can accommodate a Boeing 747 Jumbo Jet.”

Jumbolair Aviation Estates is a gated community zoned for residential, industrial and agricultural use. The mansion contains 7,686 square feet, along with a 1,000-square-foot swimming pool and bar. The five-building warehouse complex is 88,730 square feet. Comprising the residential units are seven single-family homes, six apartment units and a seven-unit park for mobile homes.

Back in the 1970s, a Vanderbilt horse farm occupied the land. But Arthur Jones, who invented the Nautilus line of exercise equipment, acquired the property and set up – among other things – a refuge for African wildlife. His ex-wife, Terri Jones, turned the property into an aviation community a decade later. The Joneses and their work have been the subjects of reports on the ABC news program “20/20,” as well as “Lifestyles of the Rich and Famous” and other TV programs. Terri Jones appeared on Johnny Carson’s “The Tonight Show.”

The Jumbolair Airport runway is 7,550 feet long, paved and lighted. Five Quonset hut hangers sit on the property, along with some horse stalls and a banquet hall that can seat 400.

“This is the place for someone with a passion for aviation who wants to be part of an exciting, vibrant community,” McDonald said. “This property is also in the heart of thoroughbred horse country. Ocala is the horse capital of the world, and the World Equestrian Center is just a short distance away – perfect for someone in the market for an equestrian estate.”

The 550-acre Jumbolair complex has been the stuff of folklore for many years. Actor John Travolta and his wife, Kelly Preston, are longtime residents of the estates. Decades ago, the wildlife refuge at Jumbolair included a herd of elephants, some rhinos, thousands of crocodiles and a silverback gorilla named Mickey.

Also, the Jumbolair Airport runway is the site of the WannaGOFAST Florida 1/2 Mile Shootout, a renowned annual racing event for street-legal cars.

About SVN
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state. For more information on SVN Florida, visit www.svnflorida.com.

Investors

Aerojet Rocketdyne Bank of America Baptist Health South Florida BB&T Caler, Donten, Levine, Cohen, Porter & Veil, P.A.
CareerSource Centennial Bank DePuy Synthes Power Tools, a Johnson & Johnson Company Engel & Volkers Palm Beach Equestrian Center
Florida Crystals Corporation FPL Greenberg Traurig Gunster Hardrives, Inc.
HCA Palm Beach Hospitals Hedrick Brothers Construction J.C. White JP Morgan Chase LRP Publications
MBAF Minto Communities, LLC NCCI NextGen Mgmt dba DxWeb Management, LLC Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach County Board of County Commissioners Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company)
Raymond James Financial Services/Boynton Financial Group, Inc. RSM South Florida Business & Wealth Magazine South Florida Business Journal TD Bank
Tortoise Properties Wells Fargo & Company Wexford Capital