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
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