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Southwest 232nd Street Goulds

Stuart Miller Of Lennar Acquires 18.5 Acres Development Site In Goulds For $30.22M
SOLDDevelopment Site

Stuart Miller Of Lennar Acquires 18.5 Acres Development Site In Goulds For $30.22M

$30,220,000

Building Size

Asset Type

Development Site

Closing

Jul 16, 2025

AI

18.5 acres of agricultural land in Goulds, Miami-Dade, has been sold for $30,220,000. The site is positioned at Southwest 232nd Street & Southwest 112th Avenue. This property has been recently rezoned for the development of 257 villas and townhouses.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $30,220,000
  • Buyer: Stuart Miller - Lennar
  • Seller: Pablo Canals - UL 112 LLC
  • Date of Sale: 07/16/2025
  • Market: Goulds
  • Acres: 18.5

The acquisition aligns with Lennar Corp.’s strategy to expand its land portfolio in southern Miami-Dade, focusing on the construction of affordable homes in the area.

Players

Stuart Miller

Lennar

Buyer

$1.6B

vol

35 deals

Buyer

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93