$10,490,000
Homestead, FL 33032
MLS# A11500621
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Property Description
PRIME SOUTH MIAMI-DADE MULTIFAMILY DEVELOPMENT OPPORTUNITY. Asking Price: $10,490,000|$42,300 per approved unit. 7.27± gross acres/6.49± net acres with RU-4 zoning, approved Site Plan and CDMP Amendment in place for a 248-unit workforce housing development. Approved development plan consists of six 3-story multifamily buildings with a mix of 84 one-bedroom and 164 two-bedroom units, together with surface parking and community amenities. Significant entitlement work has already been completed, providing a developer the opportunity to advance an approved multifamily concept rather than beginning the zoning process from the ground up. Ideally suited for workforce housing, garden-style multifamily or other residential development consistent with applicable approvals and regulations. Convenient South Miami-Dade location with access to major transportation corridors, employment centers, retail and the continued residential growth of the South Dade market. Approved Site Plan, Resolution, recorded Declaration of Restrictions, survey and additional property information available. Buyer to independently verify all zoning, density, development rights, utilities, approvals, acreage and other property information.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2023-12-13
Status: Active
Original List Price: 14880000
List Price: $10,490,000
Current Price: $10,490,000
LP/Acre: 1526928.68
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 12501
Street Direction Prefix: SW
Street Name: 236th
Street Suffix: Street
City Name: Homestead
Municipal Code: 30
State Or Province: FL
Postal Code: 33032
Postal Code +4: 2628
Postal Zip: 33032
Subdivision Name: NONE
Development Name: AMC PARK SOUTH DADE
Area: 2690
Elementary School: Coconut Palm K-8 Academy
High School: Homestead
Parcel Number: 3069240000800
Zoning: 9000
Flood Zone: AH,X
Directions: Centrally located of US-1 in the heart of a growing community in SW Miami-Dade. EAST OF SOUTH DIXIE HWY., (us-1) WITH 682' FRONTAGE AND ACESS ON SW 236 ST.
General Property Information
Property Sub Type: Unimproved Land
Number Of Lots: 1
Lot Size Acres: 6.87
Lot Size Square Feet: 299257
Lot Size Dimensions: 6.87
Waterfront YN: 1
Direction Faces: Southeast
LP/SqFt: 35.05
Financial Information
Tax Year: 2023
Tax Annual Amount: 21898
Tax Legal Description: 24 56 39 6.87 AC E1/2 OF SW1/4 OF NW1/4 OF NW1/4 & SE1/4 OF NW1/4 OF NW1/4 OF NW1/4 LESS C-102-N-1 CANAL R/W & LESS ST OR 21340-5000 052003
Price Calculations
Current Price To SqFt: 35.05
Section Details
Parcel Number MLX: 0800
Status Change Information
Major Change Timestamp: 2026-07-30T21:50:01Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-30T21:50:01Z
Status Change Date: 2026-01-26
Originating Details
Originating System Key: 389599525
Originating System ID: M00000151
Property Features
Current Use: Residential; Unimproved; Other
Development Status: Raw Land
Location of Property: City Location
Other Structures: None
Possession: Negotiable
Trees: Other
Listing Terms: Cash; Conventional
Road Frontage Type: Other
Road Surface Type: Paved
Water Access: None
Water View: Canal
Waterfront Features: Canal Front
Showing Requirements: Call Listing Agent
Acreage Description: 5 To Less Than 10 Acre Lot
Supplements
Development opportunity with substantial entitlement work completed. Property has approved RU-4 Rezoning, CDMP Amendment and Site Plan for a 248-unit workforce housing development consisting of six 3-story multifamily buildings with 84 one-bedroom and 164 two-bedroom units. 7.27± gross acres/6.49± net acres. Asking price $10,490,000 ($42,300 per approved unit). Seller has not submitted a full set of construction plans for approval. Additional permitting, engineering and development approvals will be the responsibility of Buyer. Water/sewer infrastructure improvements are required; Seller does not have cost estimates for such improvements. Approved Site Plan, Resolution Z-7-25, recorded Declaration of Restrictions, survey and WASD information available. Additional documents and due diligence materials will be provided to qualified purchasers as part of the due diligence process once under contract. Buyer to independently verify zoning, density, unit count, acreage, utilities, infrastructure requirements, approvals, permitting requirements and all other development information.
Listing Office: The Katsikos Group, Inc.
Last Updated: October - 06 - 2026
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