Lennar breaks ground, launches sales at Siena Creek in south Miami-Dade
Townhomes will start in the upper $200,000s
Lennar Corp. has broken ground and launched sales for its new Siena Creek home community in south Miami-Dade County, where prices will start in the upper $200,000s.
The Miami-based homebuilder’s new community is located at 18897 Southwest 137th Avenue and will have 120 two-bedroom and three-bedroom townhomes. With prices starting below $300,000, the townhouses are some of the most affordable new homes in Miami-Dade County.
Amenities will include a pool, a pool cabana and a clubhouse. Each townhome will come with Smart Home Technology with activation and support by Amazon and voice control by Alexa. Prices range from $263,000 to $291,000. The first homes are expected to be delivered in the second quarter of 2020, according to a press release.
Lennar became the largest homebuilder in the country last year when it acquired CalAtlantic in a deal worth $9 billion.
More homebuilders are increasingly building new homes in south Miami-Dade County where land is less expensive.
While existing home sales have struggled nationally, new homes sales increased 4.5 percent in March to an average seasonally adjusted annual rate of 692,000. There is high demand for lower-priced homes as housing across the country becomes more expensive for homebuyers.
Lennar continues to buy property in south Miami-Dade for new developments. In June, Lennar bought 32 acres in south Miami-Dade County from iStar for $9.5 million. And last April, Lennar paid $4.5 million for 32.7 acres of farmland near Zoo Miami.