Rare site fetches $33 million

Luxcom Builders of Miami paid $33 million for a 71-acre development site at 6525 SW 152 St. in Palmetto Bay. Avison Young’s Florida Capital Markets Group negotiated the sale for seller Florida Power & Light. “The site is ideally positioned adjacent to Deering Bay Yacht and Country Club in the foremost area of Palmetto Bay’s residential section and is the last major waterfront property with direct access to the ocean with no bridges and a marina basin in the entire county,” says Avison Young Principal Michael T. Fay.

Kevin Gale
kgale@sfbwmag.com
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