S Canal Dr & SE 18th Ave (Coordinates (use for Google Maps / marketing) 25.4689, -80.4576)

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. Driving Directions: From Florida's Turnpike, take Exit 2 (E Palm Dr/US-1), head south on US-1, turn west onto SW 312 St (Campbell Dr), continue to S Canal Dr, then south to SE 18th Ave. Property at SE corner of S Canal Dr & SE 18th Ave, Homestead.Exceptional development opportunity at S Canal Dr & SE 18th Ave in Homestead. This ±6.09-acre corner parcel is administratively approved for a ±60-unit 55+ independent living community, offering a rare ready-to-execute project in a high-growth submarket. The site features dual frontage and strategic connectivity to US-1 and the Florida Turnpike, supporting strong accessibility and long-term demand drivers. In addition to the approved plans, the property presents flexibility for alternative residential configurations, including townhouse development, subject to buyer verification. With increasing demand for both age-restricted and workforce housing, this offering positions developers to capitalize on a supply-constrained market with a clear path to development.