HOA buys clubhouse in southwest Miami-Dade from Lennar

Sorrento at Venetian Parc opened in 2013 with two-story townhomes starting in the low $200Ks

Miami /
Sep.September 09, 2019 01:33 PM
 Lennar at Sorrento at Venetian Parc clubhouse, Lennar Vice Chairman Stuart Miller

Lennar at Sorrento at Venetian Parc clubhouse, Lennar Vice Chairman Stuart Miller

Lennar Corp. sold the clubhouse at its Lennar at Sorrento at Venetian Parc for $6.9 million to the community’s homeowners association.

The Miami-based homebuilder sold the clubhouse at the intersection of Southwest 175th Street and Southwest 153rd Street in southwest Miami-Dade, records show.

The Venetian Parc Homeowners Association took out a $7.2 million loan from U.S. Century Bank to acquire the property. The community is west of Miami Zoo.

The home community opened in 2013 with two-story townhomes starting in the low $200,000s. Developers will often fund the construction of a community’s clubhouse and then sell it to the homeowners association.

Lennar is increasingly buying up land in south Miami-Dade as land becomes more scarce and single-family homes become more unaffordable in Miami’s urban core.

The company recently paid $22.1 million for roughly 85 acres in Homestead west of Southwest 152nd Avenue. Last year, Lennar spent $4.5 million for 32.7 acres of farmland near Zoo Miami.


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