Price Check
How this price compares
- List price
- $5,500,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 29
This lot in Miami Land & Development is listed at $5,500,000. It has been on the market for 29 days.
Estimated monthly payment
$28,905 /mo
Principal and interest only, based on $1,100,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $5,500,000
- Days on Site
- 29 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 6.09 Acres
- Property Type
- Land
- MLS #
- A12007157
- Property Tax
- $30,620 (2026)
- Subdivision
- MIAMI LAND & DEVELOPMENT
- County
- Miami Dade
- Status
- Active
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Land
- Status
- Active
- Lot Size (Acres)
- 6.09
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2800
Exterior Features
- Lot Features
- Five To Ten Acres / Corner Lot
Community & HOA
- Utilities
- Cable Available / Sewer Available / Water Available
- Financing Terms
- Cash / Conventional
- Restrictions
- City Restrictions
- MLS Area
- 2790
Schools
- Elementary School
- Gateway Environmental K-8 Learning Center
- Middle School
- Homestead
- High School
- Homestead
About the Community
- Homes for Sale
- 17
- Avg Days on Market
- 208
Frequently Asked Questions
- How do I schedule a tour of S Canal Drive, Homestead, FL 33035?
- Use the Tour button on this listing to request a showing of S Canal Drive, Homestead, FL 33035. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is S Canal Drive, Homestead, FL 33035 still available?
- S Canal Drive, Homestead, FL 33035 is currently listed as Active, and has been on the market 29 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for S Canal Drive, Homestead, FL 33035?
- With 20% down ($1,100,000) on the $5,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for S Canal Drive, Homestead, FL 33035 is about $28,905/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy S Canal Drive, Homestead, FL 33035?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on S Canal Drive, Homestead, FL 33035. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve S Canal Drive, Homestead, FL 33035?
- S Canal Drive, Homestead, FL 33035 is zoned for Gateway Environmental K-8 Learning Center (elementary), Homestead (middle), Homestead (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of S Canal Drive, Homestead, FL 33035?
- Often, yes. The right offer on S Canal Drive, Homestead, FL 33035 depends on how it's priced against comparable land sales in Homestead, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of BHHS EWM Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$5,500,000
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Listed by Maria Alexandra Silva, BHHS EWM Realty
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Recent Sales
Recently sold homes in Miami Land & Development
These are the last 5 recorded closings in Miami Land & Development, with the price each home actually sold for rather than what it was listed at. The most recent closed on July 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$350,000
Sold · July 30, 2026
36000 SW 127 Avenue
0 bed · 0 bath
$25,000 under the asking price
Sold$325,000
Sold · June 18, 2026
39200 SW Us 1
0 bed · 0 bath
$25,000 under the asking price
Sold$150,000
Sold · June 4, 2026
US 1 SW Us 1 370 Street
0 bed · 0 bath
Sold$150,000
Sold · June 4, 2026
177 SW Court
0 bed · 0 bath
Sold$2,900,000
Sold · July 24, 2025
35203 S Dixie Highway
0 bed · 0 bath
$850,000 under the asking price
See every recorded sale in Miami Land & Development or find out what your Miami Land & Development home is worth.
