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.

Address

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Address: S Canal Dr
City: Homestead
State/county: Miami-Dade County
Zip/Postal Code: 33035
Area: MIAMI LAND & DEVELOPMENT

Details

Updated on April 25, 2026 at 5:03 am

Property ID A12007157
Price $5,500,000
Land Area 6.091 Square Feet
Type Commercial
Property Status Commercial Land

Additional details

BuildingAreaUnits Square Feet
BuildingName MIAMI LAND & DEVELOPMENT
ContractStatusChangeDate 2026-04-23
CurrentUse Unimproved Single Family (5+ Lots), Unimproved Business/Commercial
DaysOnMarket 1
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.
ExpirationDate 2026-10-31
FrontageLength 688
GrossScheduledIncome 0
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-793-9747
ListingTerms All Cash, Conventional
LotFeatures Corner Location, Dirt, Rock Land, 5 To Less Than 10 Acre Lot
LotSizeDimensions 688x385
LotSizeSquareFeet 265324
MLSAreaMajor Miami Land & Development
MajorChangeTimestamp April 24, 2026 at 04:07pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp April 24, 2026 at 09:00pm
OnMarketDate 2026-04-23
OriginalEntryTimestamp April 24, 2026 at 04:07pm
OriginalListPrice 5500000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
Ownership Corporation
ParcelNumber 10-79-20-001-0055
PhotosChangeTimestamp April 24, 2026 at 07:33pm
PhotosCount 7
Possession Negotiable
PossibleUse Suburban
PostalCode 33035
PostalCodePlus4 0000
PriceChangeTimestamp April 24, 2026 at 03:02pm
PublicSurveyRange 79
PublicSurveySection 20
PublicSurveyTownship 79
RoadFrontageType Public Road
RoadSurfaceType Paved
Sewer Public Sanitation
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 458493770
StateOrProvince FL
StatusChangeTimestamp April 24, 2026 at 04:07pm
StreetName S Canal Dr
StructureType Commercial
SyndicationRemarks 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.
TaxAnnualAmount 30620
TaxLegalDescription 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
TaxYear 2026
Utilities Cable Connected, Sewer Connected, Water Connected, Cable Available, Sewer Available, Water Available
Vegetation Other Trees
View None
WaterSource Municipal Water
Zoning 2800