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
Address:
S Canal Dr
Type:
Single Family
Subtype:
Commercial
Subdivision:
MIAMI LAND & DEVELOPMENT
Neighborhood:
miamilanddevelopment
City:
Homestead
Listed Date:
Apr 23, 2026
State:
FL
ZIP:
33035
Lot Size:
265,324 sqft / 6.09 acres (approx)
See this Listing
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Schools
Interior
Exterior
Financial
Tax Year
2026
Taxes
$30,620
Map
Community
- AddressS Canal Dr Homestead FL
- SubdivisionMIAMI LAND & DEVELOPMENT
- CityHomestead
- CountyMiami-Dade County
- Zip Code33035
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S Canal Dr
Homestead, FL
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