South Florida's No. 1 homebuilder, m2e client, buys 77-acre development site in Homestead - m2e ...

South Florida’s No. 1 homebuilder, m2e client, buys 77-acre development site in Homestead

  • Posted by: m2e Team
  • Category: Uncategorized

An affiliate of Lennar Corp. bought a 77.3-acre site in Homestead with development approvals for $10.75 million.

In 2015, Homestead approved the site for 247 single-family homes. So now Lennar has a development-ready site.
The deal turned out well for Boudet-Murias’ company. It paid $3.78 million for the property in 2013, so it saw a 184 percent gain in value on the sale.
Read the full article here

Author: m2e Team

Leave a Reply