Lennar launches sales, breaks ground on new community in south Miami-Dade

Homebuilders are targeting the area amid growing demand for starter homes

May.May 17, 2019 12:30 PM
Stuart Miller and Silver Palms Royal Collection

Stuart Miller and Silver Palms Royal Collection

Lennar Corp. launched sales and broke ground on a new housing community in south Miami-Dade County near Princeton.

The Miami-based homebuilder said it will build 43 new single-family homes for its Silver Palms Royal Collection. The sales center will be located at 10700 Southwest 248th Street.

Lennar said the new homes will have four or five bedrooms, with three floor plans ranging from 2,244 square feet to 3,709 square feet. Prices will start in the mid-$300,000s.

The houses will be included within its a much larger 292-acre master planned Silver Palms community at Southwest 238th Street and 112th Avenue.

Amenities include a clubhouse, a fitness center and a pool.

In mid-2018, Lennar paid iStar $9.5 million for 32 acres at 11406 Southwest 248th Street to build the new Silver Palms Royal Collection, property records show.

Lennar’s latest sales launch highlights continuing demand for lower priced homes in Miami-Dade County. People are increasingly moving to the area near Princeton and Homestead because starter home prices have become unaffordable in other areas of the county.

Lennar has purchased several new home sites in south Miami-Dade County. In April 2018, Lennar paid $4.5 million for 32.7 acres of farmland near Zoo Miami. The company also spent $10.75 million in 2017 for about 77 acres in Homestead, just west of the Turnpike along Mowry Drive and Southwest 152nd Avenue.

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