27525 S Dixie Hwy Homestead, FL 33032
SOLD FOR
$3,900,000
$7,250,000
(37.9%)
Overview
- Status: Closed
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 22,839 ft2/2,121.81 m2
- Price Per: $197.03 ft2/$2,120.83 m2
- Type: Commercial/Investment
- Built: 1988
- HOA: No info
- MLS Number: A11328050
- View No info
- On Site: 480 days
- Updated: Listing Refreshed: 320 Days Ago
This property presents an opportunity for a covered land play and redevelopment. The US-1/S. Dixie corridor has seen extensive multifamily development with no slowdown in sight. The parcel is located in the Core Sub-District of the Leisure City Community Urban Center and is designated as "MC-Mixed Use Corridor." Under the MC designation, the property may be developed with up to ninety (90) units per acre. Height would be limited to a minimum of 2 stories and a maximum of 6 stories by right. Enclosed the massing study prepared calls for 6 floors with 2 decks of parking. This design allows for 186 units with a very efficient and cost-effective layout.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 06/20/2023 | Sold | $3,900,000.00 | 13.3% | $170.76 ft2/$1,838.05 m2 |
| 03/20/2023 | Price Reduced | $4,500,000.00 | 37.9% | $197.03 ft2/$2,120.83 m2 |
| 01/16/2023 | Listed | $7,250,000.00 | $317.44 ft2/$3,416.89 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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