Lennar has purchased 31 acres in the Redlands area of unincorporated Miami-Dade County for $16.3 million, according to property records. The site, located at the intersection of Krome Avenue and Southwest 288th Street, is planned for a residential development called Redlands Ridge with 97 homesites.
The seller was Adrian Homes, led by Pedro Adrian. Records indicate Adrian acquired the properties in two separate transactions during 2022 and 2023 for a total of $11.5 million.
Miami-based Lennar submitted a rezoning application last year for the project. The site plan was designed by Pascual, Perez, Kiliddjian, Starr & Associates and incorporates a workforce housing density bonus that allows for up to 3.1 dwelling units per acre.
Sales have already begun for Redlands Ridge. Lennar’s website currently advertises 78 homesites available, with home sizes ranging from 1,800 to 2,800 square feet and offering three to five bedrooms. Prices are listed between $646,000 and $816,000.
Lennar is one of the largest homebuilders in the United States and maintains an active presence in South Florida with multiple developments underway or proposed across the region. In June, Lennar proposed a new project with 106 townhomes near Homestead and received approval for another project featuring 50 townhomes in Wilton Manors priced from $800,000. Earlier this year, it also announced Rodan Estates—a community with plans for nearly 200 single-family homes in south Miami-Dade County.
Recently, Berkshire Hathaway invested nearly $800 million into Lennar by purchasing more than seven million shares of its stock. Following this investment news, Lennar’s share price rose to $140 as of Thursday afternoon.
