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S Canal Dr - Serenity Project Lot • Terrain commercial • 6 Acres • 7 469 000 $ CAD • Homestead, FL 33035
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Faits saillants de l'investissement
- Approved 60-Unit 55+ Development Administratively approved for a ±60-unit independent living community with flexibility for townhouse development.
- 6.09-acre corner lot with dual frontage
- Near Shovel-Ready with Completed Due Diligence Includes traffic study.
Résumé de l'annonce
The site benefits from immediate connectivity to U.S. Route 1 and Florida's Turnpike, providing seamless regional access to employment hubs, retail centers, schools, and healthcare facilities. Continued population growth and infrastructure expansion in the surrounding area support long-term demand for residential development.
The property is administratively approved for approximately 60 units of a 55+ independent living community, offering a rare opportunity to develop an age-restricted residential asset in a supply-constrained market. Stabilized operations are projected to generate annual income exceeding $1.4 million; or alternative townhouse development concept offering flexibility in density, unit mix, and final site configuration
A comprehensive pre-development package has been completed, significantly reducing entitlement risk and accelerating the path to construction. Deliverables include:
Traffic Impact Study
Near permit-ready construction plans:
Architectural
Structural
Civil
Mechanical, Electrical & Plumbing (MEP)
Geotechnical subsurface exploration report, including soil borings, permeability testing, settlement analysis, and foundation recommendations
These reports confirm favorable site conditions and provide a clear roadmap toward vertical development.
Two development pathways are available:
Approved ±60-unit 55+ independent living community
Alternative townhouse development concept offering flexibility in density, unit mix, and final site configuration
The site is currently unimproved and free of structures, allowing maximum design flexibility. Its corner configuration enhances visibility, ingress/egress planning, and overall site efficiency.
This offering is ideal for developers seeking a near shovel-ready project with substantial due diligence completed, minimizing pre-construction timelines, entitlement uncertainty, and soft costs.
Buyer to independently verify all zoning, approvals, entitlements, and development potential with the City of Homestead and Miami-Dade County.
Investment Highlights
6.09-acre corner parcel with dual frontage
Administrative approval for ±60-unit 55+ independent living project
Strong projected stabilized income: $1.4M+ annually
Located in high-growth South Miami-Dade submarket
Immediate access to major transportation corridors
Near shovel-ready with extensive due diligence completed
Pre-Development Value
Significant cost/time savings (12–24 months typical entitlement timeline avoided)
Full engineering stack nearly permit-ready
Geotechnical confirmation reduces construction risk
Traffic study completed (key for approvals & lender confidence)
Development Flexibility
Approved senior living concept (high-demand demographic in South Florida)
Backup townhouse concept for exit flexibility
Ability to adjust unit mix based on market shifts
Target Buyer Profile
Multifamily developers
Senior housing / 55+ operators
Build-to-rent (BTR) developers (via townhouse concept)
Private equity groups seeking de-risked land plays
Market Positioning
Homestead experiencing strong population growth and affordability-driven migration from core Miami
Limited supply of entitled 55+ development sites in the area
Increasing demand for age-restricted and workforce housing
Key Selling Angles
“Skip the entitlement process” opportunity
Dual-exit strategy (senior living vs. townhomes)
Strong yield potential vs. land basis
Clean, unimproved site = no demolition costs
Corner lot = superior design efficiency and visibility
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 7 469 000 $ CAD | Taille du lot | 6,00 AC |
| Prix par AC | 1 244 833,37 $ CAD |
| Prix | 7 469 000 $ CAD |
| Prix par AC | 1 244 833,37 $ CAD |
| Taille du lot | 6,00 AC |
6.09-acre corner development site at S Canal Dr & SE 18th Ave in Homestead. Dual frontage, near US-1 & Turnpike. Approved for ~60-unit 55+ community or townhouse alternative. Unimproved, near shovel-ready with completed due diligence.
Description
Exceptional ±6.09-acre corner development opportunity located at the intersection of S Canal Dr and SE 18th Ave in Homestead, Florida. This strategically positioned parcel offers dual frontage, strong visibility, and excellent access within one of South Miami-Dade’s fastest-growing residential and commercial corridors. The site is administratively approved for the development of an approximately 60-unit 55+ independent living community, providing a rare opportunity to deliver age-restricted housing in a supply-constrained submarket. The approved concept supports strong projected income, with stabilization estimates exceeding $1.4 million annually, making this an attractive investment for developers and operators focused on senior housing. A comprehensive pre-development package has been completed, significantly reducing entitlement risk and accelerating the path to construction. Available due diligence materials include a Traffic Impact Study and near permit-ready plan sets, including architectural, structural, civil engineering, and full mechanical, electrical, and plumbing (MEP) designs. In addition, a geotechnical subsurface exploration report has been completed, including soil borings, permeability testing, settlement analysis, and foundation recommendations, confirming favorable site conditions for development. The property also offers flexibility through an alternative townhouse development concept, allowing a buyer to pursue different residential strategies depending on market demand and final approvals. This optionality provides the ability to optimize unit mix, density, and site layout. The site is currently vacant and unimproved, offering a clean slate for development with efficient site planning potential. Its corner configuration enhances ingress and egress opportunities, circulation design, and overall project layout. Located in close proximity to US-1 and Florida’s Turnpike, the property benefits from strong regional connectivity and convenient access to major employment centers, retail destinations, schools, and healthcare facilities. The surrounding area continues to experience steady population growth and residential expansion, further supporting demand for both senior housing and for-sale residential product. This offering is ideally suited for developers seeking a near shovel-ready project with substantial upfront work already completed, reducing pre-construction timelines, entitlement uncertainty, and soft costs. Buyer to independently verify all zoning, land use, approvals, and development potential with the City of Homestead and Miami-Dade County.
Impôts fonciers
| Numéro de lot | 10-7920-001-0055 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 2 082 878 $ CAD | Évaluation totale | 2 082 878 $ CAD |
Impôts fonciers
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S Canal Dr - Serenity Project
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