MIAMI LAND & DEVELOPMENT
S Canal Dr, Homestead FL 33035
$5,500,000
Est. Payment $29,273/mo
6
Days on Market
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.
Facts
- MLS#
- A12007157
- Subdivision
- MIAMI LAND & DEVELOPMENT
- Property Type
- Commercial Land
- Property Sub Type
- Commercial
- Year Built
- —
- Lot Size
- 265,324 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 6 days
- Listed
- Apr 23, 2026
- Last Updated
- Apr 29, 2026
- Price/Lot Sq.Ft.
- $21/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Homestead
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Buyers market
May 2026
30
Median days to sold
-1.2%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/23/2026 | Listed for sale | $5,500,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Estimated Monthly Payment
$34,007/mo
Principal & Interest
$29,273
Property Tax
$4,583
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
Similar listings nearby
More homes in Homestead around $5,500,000.
