About This Place
Penney Farms is a town in Clay County, Florida, United States. The population was 580 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 617.
In 1926, department store pioneer J. C. Penney founded the community of Penney Farms. He planned to develop an experimental farming village. The State of Florida incorporated the town in 1927. The real estate decline and stock market crash, however, caused Penney to scale back his ambitions to a community for retired ministers in honor of his minister father. Today, the Penney Retirement Community is a 192-acre (0.78 km2) home to Christian laypeople as well as clergy and missionaries.
Penney Farms is located at 29°58′52″N 81°48′36″W / 29.981070°N 81.809948°W / 29.981070; -81.809948.