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Major waterfront development site in Miami-Dade County has sold for $33 million!!!

Cashflow In Miami
July 18, 2020

6525 SW 152 ST Palmetto bay

71 acre land sale Palmetto bay.

One of the last major vacant waterfront development sites in Miami-Dade County has sold for $33 million, a deal the buyer described as a "bucket list" opportunity because of the dwindling amount of available land in the geographically unique region that is Florida's southeast tip. For investors, it reflects a deepening struggle for buildable regional property.An entity tied to Luxcom Builders acquired the 71-acre site at 6525 SW 152nd St. in Palmetto Bay, Florida, from Florida Power & Light. Palmetto Bay is a town of more than 24,000 people along Biscayne Bay, about 20 miles south of downtown Miami. It was incorporated in 2002.


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