Newsdata · Miami-Dade

DR Horton chases south Miami-Dade supply in $17M on Homestead land buy

D.R. Horton purchased a development site in Homestead for $16.9 million, as homebuilders continue to seek developable land in south Miami-Dade. The Arlington, Texas-based homebuilder acquired 97 lots across two parcels, Aspen Estates East and Aspen Estates West, from M Aspen Homestead LLC, records show. The price amounts to about $174,000 per lot. D.R. Horton had the site under contract from M Aspen Homestead in 2024 through a $2.53 million mortgage deposit, records show. Spokespersons for D.R. Horton and M Aspen Homestead did not immediately respond to a request for comment. The acquisition comes as Homestead and south Miami-Dade have [...] This article originally appeared on The Real Deal. Click here to read the full story.