HOA buys clubhouse in southwest Miami-Dade from Lennar

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.