Lennar buys 58 acres near Cutler Bay amid land buying spree

The homebuilder has been aggressively buying property in the southern part of the county

Jun.June 06, 2019 12:30 PM
Lennar Corp. Executive Chairman Stuart Miller and an aerial view of 10350 Southwest 232nd Street (Credit: Google Maps)

Lennar Corp. Executive Chairman Stuart Miller and an aerial view of 10350 Southwest 232nd Street (Credit: Google Maps)

Lennar Corp. paid $19.5 million for a 58-acre lot near Cutler Bay, as the homebuilder continues to buy property in south Miami-Dade County.

The Miami-based homebuilder bought the property tucked behind Southwest 104th Avenue for $336,206 per acre. The seller was H.R. Realty and Investments of Coral Gables, records show.

The property does not have an exact address, and its primary use is for lime groves, but it is zoned for multifamily, according to records. The property sits right off the Florida Turnpike and behind a community called the Enclave at Black Point Marina. Most of the site is a lake called Turkey Vulture Lake.

Lennar is aggressively buying properties in south Miami-Dade County as land becomes more scarce. Rising home and land prices have forced families and potential homeowners to move further south to find affordable homes.

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.

Related Articles

Stuart Miller, Wynwood Green

Lennar scores $45M construction loan for Wynwood apartment project

(Credit: iStock)

South Florida residential construction starts jump 72% in January

D.R. Horton CEO David Auld with a photo of a D.R. Horton multifamily home and rendering of the Arden planned community 

D.R. Horton to build homes in western Palm Beach County

Brent Baker and a Pulte single-family home

PulteGroup nabs 20 acres in Lauderdale Lakes for new home community

Centerline Capital Advisors President Craig Perry and 17101 Southwest 200th Street (Credit: Google Maps)

Centerline snags 90-acre dev site in south Miami-Dade

A rendering of Via Ventura and Stuart Miller (Credit: Lennar)

Lennar sells off part of its Via Ventura community

4001 Seminole Pratt Whitney (Credit: iStock)

Minto sells 35 acres of Westlake project

18901 Southwest 106th Avenue, MMG Equity Partners CEO Gabriel Navarro (Credit: Google Maps)

MMG Equity Partners picks up retail center in Cutler Bay