Lennar breaks ground, launches sales at Siena Creek in south Miami-Dade

Townhomes will start in the upper $200,000s

Miami /
Apr.April 25, 2019 10:30 AM

Stuart Miller and a rendering of the Siena Creek Home Community

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.


Related Articles

arrow_forward_ios
Lennar's Stuart Miller, Rick Beckwitt  with the site (Google Maps; Lennar)

Lennar pays $8M for South Miami-Dade housing community site

Lennar pays $8M for South Miami-Dade housing community site
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
D.R. Horton CEO David Auld and the Reserve at Jupiter site 

D.R. Horton pays $14M for land in Jupiter and Florida City for two housing projects

D.R. Horton pays $14M for land in Jupiter and Florida City for two housing projects
Jim Carr and Armando Codina with renderings of the homes (CC Homes)

CC Homes pays $12M for Southwest Ranches land for single-family community

CC Homes pays $12M for Southwest Ranches land for single-family community
Lennar Executive Chairman Stuart Miller (iStock)

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Lennar's Stuart Miller and 28600 Southwest 132nd Avenue (Google Maps)

Lennar spends $29M on Homestead mobile home park, plans new community

Lennar spends $29M on Homestead mobile home park, plans new community
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...