Matthew Rieger Acquires Development Site In Naranja From Carlos Garcia For $10.4M

This 4.5 acre development site located at 26115 Dixie Highway in Naranja has been successfully sold for $10,400,000. The total square footage of the property is 196,020 with a price per square foot of $53. The site has plans for 275 multifamily units, catering to the demands of the rapidly growing market in South Miami Dade County.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,400,000
• Square Footage: 196,020
• Price Per Square Foot: $53
• Buyer: Matthew Rieger
• Seller: Carlos Garcia
• Brokers: Michael Fernandez & Mario Fernandez - Florida Realty of Miami
• Date of Transaction: 03/31/2026

Michael Fernandez and Mario Fernandez represented the seller, Carlos Garcia, in this transaction. Their expertise facilitated a successful deal in the competitive South Dade market, proving valuable in connecting with the right buyer for the property.