Pine Place
Land | 5.02 acres
Marketing description
Cushman & Wakefield is pleased to present Pine Place, a 5.02-acre (±218,521 SF) infill development site in the heart of the Homestead / South Dade growth corridor in unincorporated Miami-Dade County. The site sits at SW 284th Street and SW 132nd Avenue, one block off South Dixie Highway (US-1), within walking distance of the South Dade TransitWay Bus Rapid Transit corridor and minutes from Florida's Turnpike — positioning it among the most accessible and rapidly growing submarkets in South Florida.
The property is zoned RU-3M (Minimum Apartment House District) and is delivered as an opportunistic land opportunity. The ownership group has advanced a complete conceptual design package under the Pine Place name: a contemporary, two-story townhome community of 64 residences organized across low-rise modules, each with covered living areas, private garden yards, dedicated parking, and resort-style common amenities. The plan is designed to be delivered by-right through administrative site plan review — no rezoning, variance, or public hearing is required — giving a purchaser a faster, lower-risk path to vertical construction than a typical land play.
South Miami-Dade is one of Florida's fastest-growing residential corridors, driven by a deep, renter-by-necessity workforce population priced out of the urban core. Demand for attainable, well-located housing in this market consistently outpaces supply. Pine Place answers that demand with an efficient, low-density townhome product that is both market-appropriate and immediately marketable, supported by a robust pipeline of new retail, industrial, transit, and institutional investment across the surrounding Homestead and Princeton trade areas.
Investment highlights
- At 5.02 gross acres (±218,521 SF), the site offers meaningful scale for a cohesive, master-planned townhome community while remaining comfortably within RU-3M development standards.
- The Pine Place concept is designed to be permitted through administrative site plan review under existing RU-3M zoning — no rezoning, no variance, and no public hearing — materially de-risking the path to construction.
- A complete InspiraDev conceptual package — site plan, elevations, unit plans, renderings, and landscape plan — conveys with the offering, reducing a purchaser's pre-development cost and time.
- A 10% workforce-housing set-aside by covenant unlocks the density and lot-coverage bonus supporting the 64-unit program, while qualifying the project for Live Local Act tax and entitlement advantages.
- Two blocks from the South Dade TransitWay BRT and one block off US-1, the site benefits from transit-oriented parking reductions and direct connectivity to the regional employment base.
- South Miami-Dade's structural for-sale affordability gap continues to convert ownership demand into durable rental and attainable-ownership demand, underpinning long-term absorption at this price point.
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