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Approved Senior Living Land
For Sale
$5,500,000

S Canal Dr, Homestead, FL 33035

Land, Homestead, FL

Property SizeContact for details
Lot Size6.09 Acres
Days on Market186

Property Features for S Canal Dr

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 2800
Subdivision MIAMI LAND & DEVELOPMENT
Lot features 5-10 Acres
Directions From Florida's Turnpike, take Exit 2 (E Palm Dr/US-1), head south on US-1, turn west onto SW 312 St (Campbell Dr), continue to S Canal Dr, then south to SE 18th Ave. Property at SE corner of S Canal Dr & SE 18th Ave, Homestead.
Standard status Active
APN 10-79-20-001-0055
Lot size 6.09 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 20 57 39 6.091 AC M/L MIAMI LAND & DEV COS SUB PB 5-10 PORTS OF TRS 5-7-8 & 10 OF PB 5-10 & A PORT OF DEDICATED R/W AS DESC OR 12432-1108 DE
Tax Annual Amount 30620
Legal Description 20 57 39 6.091 AC M/L MIAMI LAND & DEV COS SUB PB 5-10 PORTS OF TRS 5-7-8 & 10 OF PB 5-10 & A PORT OF DEDICATED R/W AS DESC OR 12432-1108 DE

Utilities

Utilities Cable Available
Sewer type Public Sewer
Water source Public
Listing Agency: BHHS EWM Realty
Listed By: Maria Alexandra Silva · License #3593137
Added: Apr 29 Changed: Oct 10 Last Checked: Oct 31 at 7:06PM
MLS# A12007157

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 6.091-acre commercial land parcel is positioned at the corner of S Canal Dr and SE 18 Ave in Homestead, with frontage along both roads. The site has administrative approval for an approximately 60-unit independent living community serving residents age 55 and older. A townhouse development concept is also identified as an alternative, providing flexibility in the proposed land plan.

Due diligence materials include a traffic impact study, near-complete permit-ready architectural, structural, civil, mechanical, electrical, and plumbing plan sets, plus a geotechnical report with soil borings, a permeability test, and foundation recommendations. Public water and public sewer serve the property, and cable is available. The parcel is near the Turnpike, US-1, retail, and hospitals.

Key Highlights

  • 6.091‑acre corner parcel with dual frontage at S Canal Dr and SE 18 Ave
  • Administrative approval for +/-60‑unit 55+ independent living community
  • Alternative townhouse development concept also identified

Property Analytics

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Location Intelligence

Trade Area within ½ mile

266
Businesses Nearby

Demographics for 33035, FL

18,065
Population
6,711
Households
2.7
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
612
Density / Sq Mi
$67,601
Median Household Income
$37,785
Median Earnings
$1,855
Median Rent
$310,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Administratively approved for a 55+ independent living community with public water and sewer.
Where is this commercial land located?
The property is located at S Canal Dr Homestead, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 6.091‑acre corner parcel with dual frontage at S Canal Dr and SE 18 Ave; Administrative approval for +/-60‑unit 55+ independent living community; Alternative townhouse development concept also identified
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