Unimproved Land in S Canal Drive, Homestead, FL 33035 for sale with MLS# A12007157
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. 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.
S Canal Drive, Homestead, FL 33035
- Price:
- $5,500,000.00
- Original List Price:
- $5,500,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $20.73
- Gross Scheduled Income:
- 0
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land & Docks
- Property Type:
- Unimproved Land
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- April 23, 2026 4:00 am
- Other Special Conditions:
- City Jurisdiction
- Lot Area:
- 265,324 Sqft
- Lot Size Dimensions and Info:
- 265324
- Lot Size Acres:
- 6.091
- Waterfront:
- No
- Current Use:
- Commercial, Single Family, Unimproved
- Vegetation and Trees:
- Other
- Road Frontage Type:
- Public Road
- Flood Zone Code:
- AH,X
- Tax Annual Amount:
- $30,620.00
- Tax Year:
- 2026
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Sewer Available, Water Available
- Water Source:
- Public
- Subdivision Name:
- MIAMI LAND & DEVELOPMENT
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- 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
- Real Estate Folio Number (Parcel Number):
- 1079200010055
- Zoning:
- 2800
- Elementary School:
- Rainbow Park
- High School:
- Homestead
- Middle Or Junior School:
- Homestead
- Active on the market since:
- April 23, 2026
- Listing Agreement executed on:
- April 23, 2026
- Listing Status Last Changed On:
- April 23, 2026 4:00 am
- Photos updated on:
- April 29, 2026 8:27 pm
- Last Modified:
- May 4, 2026 7:29 am
- Courtesy of:
- BHHS EWM Realty
- Attribution:
- Not provided
- Road Surface Type:
- Paved
- Street Name:
- Canal
- City:
- Homestead
- State:
- Florida
- Zip Code:
- 33035
- County:
- Miami-Dade
- Latitude:
- N25° 27' 38.4''
- Longitude:
- W81° 33' 10.8''
- Street Suffix:
- Drive
- Street Direction Prefix:
- S
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad S Canal Drive, Homestead, FL 33035
