$5,500,000

S Canal, Homestead FL, 33035

Price per sqftN/A

Property typeCommercial

Courtesy of Maria Alexandra Silva with BHHS EWM Realty

Overview

Active

Listed Apr 24, 2026

Updated 7 days ago

Once-in-a-lifetime development opportunity in Homestead. Administratively approved for ±60-unit 55+ independent living community. Exceptional 6.09-acre corner parcel with dual frontage at S Canal Dr & SE 18 Ave, near Turnpike, US-1, retail, hospitals, and major amenities. Property includes extensive due diligence: traffic impact study and near-complete permit-ready plan sets (architectural, structural, civil, mechanical, electrical & plumbing). Geotechnical report completed with soil borings, permeability test, and foundation recommendations, significantly reducing risk and development timeline. Flexible options include approved 55+ concept or townhouse development allowing density optimization. Rare, fully engineered development opportunity with strong development upside.

Additional information

MLS^® ID: A12007157

Interior Features

Basement: No

Exterior Features

Lot Size: 6.09 Acres

Other Property Details

Taxes: $30,620
Tax Frequency: Annually

Courtesy of BHHS EWM Realty, Maria Alexandra Silva,
Listing Contact: 305-793-9747

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 5:09 AM UTC, 11/3/2026