South Florida’s No. 1 homebuilder, M2E client, buys 77-acre development site in Homestead

posted on Tuesday, July 11th, 2017 by Marketing Director

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