$5,500,000
Homestead, FL 33035
MLS# A12007157
1 / 19
Property Description
Once-in-a-lifetime development opportunity in Homestead. Administratively approved for ±60-unit 55+ independent living community. Exceptional 6.09-acre corner parcel with dual frontage at S Canal Dr & SE 18 Ave, near Turnpike, US-1, retail, hospitals, and major amenities. Property includes extensive due diligence: traffic impact study and near-complete permit-ready plan sets (architectural, structural, civil, mechanical, electrical & plumbing). Geotechnical report completed with soil borings, permeability test, and foundation recommendations, significantly reducing risk and development timeline. Flexible options include approved 55+ concept or townhouse development allowing density optimization. Rare, fully engineered development opportunity with strong development upside.
Details
Contract Information
Comp Sale YN: No
LP/Acre: 902971.6
LP/Frontage: 7994.19
Listing Date: 2026-04-23
Status: Active
Original List Price: 5500000
List Price: $5,500,000
Current Price: $5,500,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Homestead
Municipal Code: 10
Postal Zip: 33035
Subdivision Number: 1
Flood Zone: AH,X
Country: United States
Street Direction Prefix: S
Street Name: Canal
Street Suffix: Drive
State Or Province: FL
Postal Code: 33035
Postal Code +4: 0000
Subdivision Name: MIAMI LAND & DEVELOPMENT
Area: 2790
Elementary School: Gateway Environmental K-8 Learning Center
Middle Or Junior School: Homestead
High School: Homestead
Parcel Number: 1079200010055
Zoning: 2800
Directions: From Florida's Turnpike, take Exit 2 (E Palm Dr/US-1), head south on US-1, turn west onto SW 312 St (Campbell Dr), continue to S Canal Dr, then south to SE 18th Ave. Property at SE corner of S Canal Dr & SE 18th Ave, Homestead.
General Property Information
Lot Size Dimensions: 265324
Lot Depth: 385
Lot Frontage: 688
LP/SqFt: 20.73
Property Sub Type: Unimproved Land
Lot Size Acres: 6.09
Lot Size Square Feet: 265324
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Year: 2026
Tax Annual Amount: 30620
Tax Legal Description: 20 57 39 6.091 AC M/L MIAMI LAND & DEV COS SUB PB 5-10 PORTS OF TRS 5-7-8 & 10 OF PB 5-10 & A PORT OF DEDICATED R/W AS DESC OR 12432-1108 DE
Office/Member Information
DXORIGMLSID: SEF
Comprehensive Plan Use
Suburban: 1
Current Use
Commercial: 1
Single Family: 1
Unimproved: 1
Deed Restrictions
None: 1
Environmental Audit
Unknown: 1
Land Fill
Fill Unknown: 1
Location of Property
Corner Unit: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Soil Type
Dirt: 1
Other: 1
Special Information
City Jurisdiction: 1
Trees
Other: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
Public Road: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: December
Showing Requirements
Call Listing Agent: 1
Rail Description
No Rail Service: 1
Price Calculations
Current Price To SqFt: 20.72
Section Details
Parcel Number MLX: 0055
Acreage Description
5 To Less Than 10 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-11-02T18:34:45Z
Major Change Type: Back on Market
Status Change Date: 2026-11-02
Originating Details
Originating System Key: 458493770
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Suburban
Current Use: Commercial; Single Family; Unimproved
Deed Restrictions: None
Environmental Audit: Unknown
Land Fill: Fill Unknown
Location of Property: Corner Unit
Possession: Negotiable
Sewer: Public Sewer
Soil Type: Dirt; Other
Special Information: City Jurisdiction
Trees: Other
Utilities: Cable Available; Sewer Available; Water Available
Listing Terms: Cash; Conventional
Road Frontage Type: Public Road
Road Surface Type: Paved
Rail Description: No Rail Service
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: 5 To Less Than 10 Acre Lot
Supplements
Exceptional 6.09-acre corner development site located at S Canal Dr & SE 18th Ave in Homestead, Florida. The property benefits from dual frontage, strong visibility, and excellent access to US-1, Florida’s Turnpike, retail, schools, hospitals, and major employment corridors. The site is administratively approved for approximately 60 units of a 55+ independent living community, offering a rare opportunity for age-restricted residential development with projected stabilized income exceeding $1.4M annually. A full pre-development due diligence package has been completed, significantly reducing entitlement risk and accelerating delivery timelines. Included are a Traffic Impact Study, near-complete permit-ready plan sets (architectural, structural, civil, and MEP), and a comprehensive geotechnical report with soil borings, permeability testing, settlement analysis, and foundation recommendations. Two development options are available: (1) approved ±60-unit 55+ independent living community, or (2) townhouse development alternative, allowing flexibility in unit mix, density optimization, and site layout based on market strategy and approvals. The property is currently unimproved and free of structures, offering full design flexibility. Its corner configuration enhances access, circulation, and development efficiency, making it highly attractive for residential development. Buyer to verify all plans, approvals, zoning, and entitlements with the City of Homestead and Miami-Dade County.
Listing Office: BHHS EWM Realty
Last Updated: November - 12 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
