14550 Mable St - Naranja Development Site - 1.92 Acres 1.92 Acres of Commercial Land Offered at $7,750,000 in Homestead, FL 33032

Offered at $7,750,000, the development site at 14550 Mable Street represents one of South Miami-Dade’s most compelling multifamily land opportunities. Situated in Homestead’s growing Naranja community, the 1.92-acre parcel benefits from UC-MC zoning and arrives to market fully entitled with an approved Administrative Site Plan Review and preliminary architectural drawings. These entitlements outline a highly efficient two-building, nine-story development program totaling 270 residential units supported by 365 parking spaces and fully approved utility capacity from Miami-Dade Water & Sewer. This advanced stage of readiness provides developers with a significant head start in a jurisdiction where entitlement timelines often pose challenges.
Surrounding the site is a dense cluster of successful residential communities including The Heights at Coral Town Park, Orchid Estates, The Preserve at Coral Town Park, and Cannery Row at Redlands Crossing, demonstrating sustained demand from renters seeking affordability and proximity to major employment centers. The corridor continues to attract large-scale investment due to steady population inflow and expanding public amenities across southern Miami-Dade County.
A major catalyst enhancing the long-term value of this site is its direct proximity to the South Dade TransitWay, Miami-Dade County’s Bus Rapid Transit system connecting Dadeland South to Florida City. With 14 new stations now substantially complete and service slated to begin in Summer/Fall 2025, the TransitWay is expected to strengthen regional mobility and further fuel development across the corridor. High daily traffic counts of roughly 40,500 reinforce the property’s visibility and accessibility to US-1, the Florida Turnpike, schools, retail centers, and community services.
With strategic zoning, full entitlements, and direct adjacency to transformative transit infrastructure, 14550 Mable Street stands out as a rare development-ready offering in a submarket positioned for sustained long-term growth.