SW 117th Ave - Goulds Property 2.39 Acres of Residential Land Offered at $7,600,000 in Miami, FL 33177

K2 Goulds is a rare South Miami-Dade multifamily development opportunity offering a fully entitled, architect-stamped site plan for a 238-unit, 12-story residential tower — priced at $7,600,000 ($31,932 per buildable unit). The site sits on a hard corner directly at a Bus Rapid Transit (BRT) stop on the South Dade Transitway, which operates 24 hours a day, 365 days a year with frequencies as tight as every 7 minutes — placing this transit-oriented development site in one of South Florida's most in-demand growth corridors.
South Dade continues to draw intense developer interest for its combination of affordable, larger land parcels, quiet residential surroundings, strong local retail and job access, and best-in-class public transit connectivity. Buyers have two distinct paths to value creation on this site:
Option One — Approved Site Plan: Proceed directly with the county-submitted plans for a 238-unit apartment tower (52 one-bedroom, 139 two-bedroom, and 47 three-bedroom units) with 378 parking spaces across surface and structured decks. The unit mix is purpose-built for the area's expanding workforce population, and the submitted entitlements save a buyer an estimated 12 to 18 months of planning time and $200,000–$300,000 in pre-development soft costs.
Option Two — Maximum Density via the Live Local Act: A live local application allows for up to 250 units per acre — roughly 900 total units on this site — with 500 units realistically and easily placeable using structured parking. Proximity to the BRT station also qualifies the site for substantial parking reductions. Under this scenario, the land is offered at just $15,200 per door.
The surrounding corridor validates strong underlying demand: three adjacent projects — Black Creek Apartments, the approved and under-construction Southpoint Vista, the 3,000+ unit Southland Mall Redevelopment, and the newly announced 600-unit Tre Bel project — all confirm Miami-Dade County's clear appetite for increased density along this transit spine. Holding costs remain minimal during the entitlement period thanks to the property's agricultural tax exemption, and a flexible, month-to-month nursery tenant currently in place allows for a seamless transition at closing.
Whether the strategy is to fast-track an approved 12-story workforce housing tower or pursue a larger Live Local Act multifamily development, K2 Goulds delivers a scarce, transit-adjacent land assemblage in one of South Florida's most active multifamily investment submarkets — ideal for developers, builders, and investors searching for approved multifamily land for sale near BRT transit in Miami-Dade County.