Description
Exceptional opportunity to acquire a 9.28± acre mixed-use development site in the rapidly expanding Princeton submarket of South Miami-Dade. This transit-oriented development opportunity allows a developer to move forward with one of the area’s most significant high-density residential projects. The current proposal includes 846 multifamily residential units within 8- to 12-story buildings, complemented by approximately 90,000 SF of ground-floor commercial space, creating a vibrant live-work-shop environment. Strategically positioned along SW 137th Avenue, the property offers outstanding visibility and frontage in one of South Florida’s fastest-growing residential corridors. The proposed development aligns with Miami-Dade County’s long-term vision for higher-density, transit-supportive communities while addressing the increasing demand for workforce and attainable housing. Surrounded by ongoing residential growth, expanding infrastructure, and major transportation corridors, this site presents a rare opportunity for developers seeking a large-scale mixed-use project in one of South Miami-Dade’s most active development markets. Great location with convenient access to Florida’s Turnpike, US-1, and the South Dade Transit Corridor.
Address
Open on Google Maps-
Address: 248th
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City: Homestead
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State/county: Miami-Dade
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Zip/Postal Code: 33032
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Area: Homestead
Details
Updated on August 24, 2026 at 5:58 pm-
Property ID A12060460
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Price $23,750,000
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Land Area 9.28 Sq Ft
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Type Unimproved Land
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Property Status Land
Additional details
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CLIP 5848060264
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ContractStatusChangeDate 2026-07-27
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CumulativeDaysOnMarket 28
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CurrentPrice 23750000
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CurrentUse Multi-Family, Unimproved
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DaysOnMarket 28
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DaysOnMarketReplication 28
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DaysOnMarketReplicationDate 2026-08-24
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DaysOnMarketReplicationIncreasingYN 1
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DocumentsChangeTimestamp 2026-07-27T15:54:10.000-00:00
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DocumentsCount 0
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ElementarySchool Redland
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GrossScheduledIncome 0
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HighSchool South Dade
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR Miami REALTORS
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ListAgentAOR Miami Association of REALTORS
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ListAgentDirectPhone 305-450-5992
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ListAgentEmail aduarte@magiccityinvestments.com
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ListAgentFirstName Agustin
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ListAgentFullName Agustin Duarte
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ListAgentKey 26774902
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ListAgentKeyNumeric 26774902
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ListAgentLastName Duarte
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ListAgentMlsId SEF3284824
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ListAgentNationalAssociationId 279586209
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ListAgentOfficePhone 305-602-0360
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ListAgentPreferredPhone 305-450-5992
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ListAgentStateLicense 3284824
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ListOfficeAOR Miami Association of REALTORS
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ListOfficeEmail aduarte@magiccityinvestments.com
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ListOfficeKey 5903584
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ListOfficeKeyNumeric 5903584
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ListOfficeMlsId SEFRXRE01
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ListOfficeName RE/MAX 360 Real Estate
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ListOfficePhone 305-602-0360
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-07-27
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ListingKey 1178375864
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ListingKeyNumeric 1178375864
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ListingTerms Cash
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LotFeatures 5-10 Acres, City Lot, Rural Lot
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LotSizeDimensions 404236.8
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LotSizeSquareFeet 404236.8
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MLSAreaMajor 2690
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MajorChangeTimestamp July 27, 2026 at 12:00am
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MajorChangeType New Listing
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MapCoordinateSource Imported
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MiddleOrJuniorSchool Redland
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MlsStatus Active
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MobileDimUnits Feet
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ModificationTimestamp August 24, 2026 at 04:25pm
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OnMarketDate 2026-07-27
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OnMarketTimestamp 2026-07-27T00:00:00.000-00:00
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OpenHouseModificationTimestamp 2026-08-24T12:19:31.220-00:00
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OriginalEntryTimestamp July 27, 2026 at 04:21pm
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OriginalListPrice 23750000
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OriginatingSystemID M00000151
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OriginatingSystemKey 629297189
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OriginatingSystemListAgentMemberKey 1174080
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OriginatingSystemListOfficeKey 1252092
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OriginatingSystemModificationTimestamp 2026-08-24T12:19:31.220-00:00
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OriginatingSystemName BEACH
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OriginatingSystemSubName BEACH_MIAMI
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ParcelNumber 3069220000451
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Permission IDX
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PhotosChangeTimestamp August 24, 2026 at 04:25pm
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PhotosCount 6
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Possession Negotiable
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PostalCity Homestead
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PostalCode 33032
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PropertySubTypeAdditional Unimproved Land
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PublicSurveyTownship 30
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RoadResponsibility Public Maintained Road
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SourceSystemID TRESTLE
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SourceSystemKey 1178375864
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SourceSystemName flexmls
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StateOrProvince FL
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StatusChangeTimestamp July 27, 2026 at 12:00am
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StreetDirPrefix SW
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StreetName 248th
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StreetNumber 13701
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StreetNumberNumeric 13701
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StreetSuffix Street
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TaxAnnualAmount 130384
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TaxLegalDescription 22 56 39 51.72 AC M/L E1/2 OF SE 1/4 LESS SW 1/4 OF SE1/4 OF SE1/4 & LESS E537FT OF NE1/4 OF SE1/4 & LESS N95FT OF E537FT OF SE1/4 OF SE1/4
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TaxYear 2025
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UniversalPropertyId US-12025-N-3069220000451-R-N
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Utilities None, Sewer Available
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VideosChangeTimestamp 2026-08-24T16:25:30.690-00:00
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VideosCount 0
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WaterSource Public
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Zoning 9000
Overview
- Unimproved Land
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- Melody Christle