A 2.3-acre development site located at 6060 Southwest 120th Street in Pinecrest has been sold for $5,500,000. The property offers a total square footage of 87,991, with a price per square foot of $63. Situated amidst lush tropical scenery and prestigious schools, the site presents an excellent opportunity for the development of a lavish custom estate or two luxurious spec homes. The buyer plans to cater to the increasing number of new families and individuals opting for South Florida as their primary or secondary place of residence.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Square Footage: 87,991
• Price per Square Foot: $63
• Address: 6060 Southwest 120th Street, Pinecrest
• Market: Pinecrest

The sale was facilitated by Michelle Gonzalez, Kevin Gonzalez, and Barbara "Barbie" Yanes from Floridian First Realty. Their expertise in the local market and extensive network played a crucial role in concluding this exclusive off-market deal. With their assistance, the buyer was able to acquire this prime development site, surrounded by remarkable architectural designs and natural beauty, for future residential projects in the thriving South Florida region.