$23,750,000
Homestead, FL 33032
MLS# A12060460
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Property Description
Exceptional opportunity to acquire a 9.28± acre mixed-use development site in the rapidly expanding Princeton submarket of South Miami-Dade. This transit-oriented development opportunity allows a developer to move forward with one of the area's most significant high-density residential projects. The current proposal includes 846 multifamily residential units within 8- to 12-story buildings, complemented by approximately 90,000 SF of ground-floor commercial space, creating a vibrant live-work-shop environment. Strategically positioned along SW 137th Avenue, the property offers outstanding visibility and frontage in one of South Florida's fastest-growing residential corridors. The proposed development aligns with Miami-Dade County's long-term vision for higher-density, transit-supportive communities while addressing the increasing demand for workforce and attainable housing. Surrounded by ongoing residential growth, expanding infrastructure, and major transportation corridors, this site presents a rare opportunity for developers seeking a large-scale mixed-use project in one of South Miami-Dade's most active development markets. Great location with convenient access to Florida's Turnpike, US-1, and the South Dade Transit Corridor.
Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 2559267.24
LP/Frontage: 48868.31
Listing Date: 2026-07-27
Status: Active
Original List Price: 23750000
List Price: $23,750,000
Current Price: $23,750,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Homestead
Municipal Code: 30
Postal Zip: 33032
Subdivision Number: 0
Flood Zone: X
Country: United States
Street Number: 13701
Street Direction Prefix: SW
Street Name: 248th
Street Suffix: Street
State Or Province: FL
Postal Code: 33032
Area: 2690
Elementary School: Redland
Middle Or Junior School: Redland
High School: South Dade
Parcel Number: 3069220000451
Zoning: 9000
General Property Information
Lot Size Dimensions: 404236.8
Lot Depth: 1186
Lot Frontage: 486
LP/SqFt: 58.75
Property Sub Type: Unimproved Land
Lot Size Acres: 9.28
Lot Size Square Feet: 404236.8
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Year: 2025
Tax Annual Amount: 130384
Tax Legal Description: 22 56 39 51.72 AC M/L E1/2 OF SE 1/4 LESS SW 1/4 OF SE1/4 OF SE1/4 & LESS E537FT OF NE1/4 OF SE1/4 & LESS N95FT OF E537FT OF SE1/4 OF SE1/4
Office/Member Information
DXORIGMLSID: SEF
Comprehensive Plan Use
Intensive Development: 1
Suburban: 1
Other: 1
Current Use
Multi-Family: 1
Unimproved: 1
Environmental Audit
Phase 1: 1
Location of Property
City Location: 1
County Location: 1
Possession
Negotiable: 1
Special Information
County Jurisdiction: 1
Utilities
Sewer Available: 1
None: 1
Listing Terms
Cash: 1
Road Responsibility
Public Maintained Road: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: 0
Showing Requirements
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 58.75
Section Details
Parcel Number MLX: 0451
Acreage Description
5 To Less Than 10 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-27T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-27
Originating Details
Originating System Key: 536680553
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Intensive Development; Suburban; Other
Current Use: Multi-Family; Unimproved
Environmental Audit: Phase 1
Location of Property: City Location; County Location
Possession: Negotiable
Special Information: County Jurisdiction
Utilities: Sewer Available; None
Listing Terms: Cash
Road Responsibility: Public Maintained Road
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: 5 To Less Than 10 Acre Lot
Listing Office: RE/MAX 360 Real Estate
Last Updated: July - 27 - 2026
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