Florida Farmland Sells For $12.5 Million. Hundreds Of Homes Are Possible

Photo byEllie AdamsonUnsplash

In the past, when I have reported on farmland and orange groves being sold for development in the Sunshine State like in the cases of JackRBT Farms and Alger Farms some Floridians were unhappy. Those who live here know that development is part of Florida life, but some believe that farmland should be spared. However, 20.3 acres of farmland in Homestead sold for $12.5 million, and hundreds of homes may be in the property's future.

About The Deal: In October of 2024, Bluenest Tower Commons LLC purchased over 20 acres of farmland from three different entities - two of which were associated with Q-Lab Corp, which currently runs an outdoor testing facility there. The property is located at the southeast corner of Southwest 192nd Avenue and Southwest 328th Street.

The Potential For Reasonably Priced Homes In Miami-Dade County: Bluenest Development acquired a land purchase agreement from Viking Investments, who had proposed 219 townhouses and 712 parking spaces in a community that was projected to have a pool, tennis courts, and clubhouse.

Bluenest Development CEO Salim Chraibi told The South Florida Business Journal that the townhomes will be priced between $430,000 to $450,000.

According to Redfin, the median home price in Homeland is up around 10% from last year at around $430,000.

And Redfin finds that the median home price in Miami-Dade County is much more, at $620,000.

Niche gives Homestead a C+ for livability with its highest rankings for diversity and public schools.

One resident had this to say about living there:

"I was raised here and up until 2023, It's been getting populated and there has been lots of construction happening, but no events or new places to visit. Before, this area was full of trees and nature, had less traffic, and (was) calm. And now it's the opposite. I'd like to see more entertainment added than expensive houses that almost anyone can't afford, (fewer) people, less crime, and less entitlement."