Lennar has purchased 31 acres in the Redlands area of unincorporated Miami-Dade County for $16.3 million, according to property records. The acquisition, from Pedro Adrian’s Adrian Homes, will allow Lennar to develop 97 homesites in a project called Redlands Ridge at the intersection of Krome Avenue and Southwest 288th Street.
Pedro Adrian acquired the land for $11.5 million through two deals completed in 2022 and 2023. Lennar submitted a rezoning application last year, and Miami-based Pascual, Perez, Kiliddjian, Starr & Associates designed the site plan. The development uses a workforce housing density bonus of 25 percent, permitting up to 3.1 dwelling units per acre.
Sales for Redlands Ridge have already started. Lennar’s website currently lists 78 homesites available with home sizes ranging from 1,800 to 2,800 square feet and between three and five bedrooms. Prices are advertised between $646,000 and $816,000.
Lennar is led by Executive Chairman and co-CEO Stuart Miller as well as co-CEO and President Jon Jaffe. The company remains active in South Florida; it proposed a 106-townhome project near Homestead in June and secured approval that same month for a separate project involving 50 townhomes in Wilton Manors starting at $800,000. Earlier this year in February, Lennar also proposed Rodan Estates—a development with plans for nearly 200 single-family homes in south Miami-Dade County.
The developer recently received significant investment when Warren Buffett’s Berkshire Hathaway bought more than seven million shares valued at nearly $800 million. Following this news, Lennar’s stock price rose to $140 per share as of Thursday afternoon.
