$5,500,000

S Canal Dr, Homestead FL, 33035

Price per sqft$20.73

Lot size6.09 Acres

Property typeLand

Overview

Active

Listed Apr 23, 2026

Updated 3 weeks ago

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.

Additional information

MLS^® ID: A12007157

Exterior Features

Lot Size: 6.09 Acres

Other Property Details

Taxes: $30,620
Tax Frequency: Annually

Broker Reciprocity Courtesy of BHHS EWM Realty

Data last updated:9/14/2026.

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