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Listing courtesy of Compass Florida, LLC
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Listing courtesy of
Compass Florida, LLC
Laura Kefalidis
MLS® #A11988245
Listing information last updated April 4, 2026
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Overview
This commercial in Homestead is listed for sale at $2,950,000.
This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally under the Live Local Act, the site may qualify for a density increase of up to 90 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.
Listing history
Price reduced
↓ $350,000 from $3,300,000 · Apr 4, 2026 · MIAMI MLS
$2,950,000
Listed for sale
Mar 17, 2026 · MIAMI MLS
$3,300,000
Days on market
as of today
126 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
Annual property tax (2025)
$10,396
Waterfront
Canal Width 1-80 Feet
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Property details
MLS #A11988245
Price$2,950,000
TypeCommercial
StatusFor Sale
Features & amenities
Has a View
Has Waterfront
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 126 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.