15960 296Th St Homestead, FL 33033
This ±11.13-acre site in Homestead, Florida, presents a prime multifamily development opportunity in Southwest Miami-Dade County. Approved plans exist for a 321-unit garden-style project with an approximately 8,000 square foot commercial building. An alternate plan, requiring approval, allows for 398 units and a roughly 4,000 square foot commercial building. By-right zoning permits the development of 398 units. Located at 15960 SW 296th St, Homestead, FL 33033, this property benefits from a strong rental market, excellent accessibility, and proximity to retail, services, educational, and recreational amenities. The site offers a compelling blend of development certainty with the potential for increased density in a desirable submarket experiencing population growth and rising rental rates. This presents a unique chance to capitalize on favorable economic indicators and high market demand within a thriving South Dade community. The garden-style design, combined with the scale of the project, ensures a significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.