Had to look it up again for the precise location. Here it is:
"Enter Satoshi Forest. The location at 1999 Massachusetts Ave, Pensacola, FL encompasses nine acres of wooded land that will now become, as Jason King describes it, “a homeless sanctuary, a place where the downtrodden can find respite from the ‘crime’ of being simply being poor.” The property cost $89,000 to purchase, which, King writes, “for acreage within the developed part of greater Pensacola, is dirt cheap.” The mortgage on the property, valued at $600 per month, will be paid entirely in Bitcoin – not, King clarifies, by converting the BTC donations that they receive into USD, but sending bitcoins directly to the mortgage holder as payment. The mortgage holder is in fact a real-estate company with properties in Florida, Alabama, Colorado and California and, thanks to the Sean’s Outpost crew’s efforts, the company is now accepting Bitcoin for its entire portfolio."
Here is the URL for the above quote. The website shows a picture of the property:
http://bitcoinmagazine.com/6939/seans-outpost-announces-satoshi-forest/