Penney Farms is a town in central Clay County, Florida, United States.

[1] The real estate decline and stock market crash caused Penney to scale back his ambitions to a community for retired ministers in honor of his father.

Today, the Penney Retirement Community is a 192-acre (0.78 km2) home to Christian laypeople as well as clergy and missionaries.

The exact coordinates for the Town of Penney Farms is located near the geographic center of Clay County at 29°58′52″N 81°48′36″W / 29.981070°N 81.809948°W / 29.981070; -81.809948.

According to the United States Census Bureau, the town has a total area of 1.4 square miles (3.6 km2), all land.

The climate in this area is characterized by hot, humid summers and generally mild winters.