facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Land

/

Sale

/

Southwest 162nd Avenue

David Warren & Robert Clark Of DW Partners Acquire Land In Homestead For $24M From Lennar
SOLDLand

David Warren & Robert Clark Of DW Partners Acquire Land In Homestead For $24M From Lennar

$24,000,000

Building Size

Asset Type

Land

Closing

Dec 5, 2025

AI

This transaction involves the sale of land located at Southwest 344th Street & Southwest 162nd Avenue in the Homestead market. The asset was sold for $24,000,000. The land is part of the Keys Gate subdivision where significant development is planned. This transaction concluded Lennar's land bank arrangement with JEN Partners and opened a new purchase option with DW Partners, valid through 2031.

Summary of transaction details:

Key individuals involved in this transaction include Jon Jaffe and Stuart Miller representing Lennar, and David Warren and Robert Clark on behalf of DW Partners. This agreement is strategic for Lennar as it secures future development sites in south Miami-Dade, reinforcing their presence in the new-home market.

Players

DW Partners
DW PartnersBuyer

Stuart Miller

Lennar

Seller

$1.6B

vol

35 deals

Seller
Lennar
LennarSeller

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93