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.
Property Details
Price:
$5,500,000
MLS #:
A12007157
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial
Subdivision:
MIAMI LAND & DEVELOPMENT
Neighborhood:
miamilanddevelopment
Listed Date:
Apr 23, 2026
Lot Size:
265,324 sqft / 6.09 acres (approx)
See this Listing
Schools
Interior
Exterior
Lot Features
Corner Location, Dirt, Rock Land, 5 To Less Than 10 Acre Lot
View
None
Financial
Tax Year
2026
Taxes
$30,620
Map
Community
- AddressS Canal Dr Homestead FL
- SubdivisionMIAMI LAND & DEVELOPMENT
- CityHomestead
- CountyMiami-Dade County
- Zip Code33035
Market Summary
Current real estate data for Single Family in Homestead as of Apr 26, 2026
1,020
Single Family Listed
129
Avg DOM
336
Avg $ / SqFt
$881,187
Avg List Price
Property Summary
- Located in the MIAMI LAND & DEVELOPMENT subdivision, S Canal Dr Homestead FL is a Single Family for sale in Homestead, FL, 33035. It is listed for $5,500,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Homestead is $336. The average listing price for Single Family in Homestead is $881,187.
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