Lennar is planning to build a new residential complex with 146 townhomes in south Miami-Dade County. The development, named Villas De San Diego, will be located on a 12-acre site at the southeast corner of Southwest 355th Street and Southwest 192nd Avenue, near the Navy Wells Pineland Preserve. The land is currently an avocado orchard.
According to county records, Lennar initially proposed a project with 137 townhomes in 2023 and received approval last year for the expanded plan of 146 homes. The company recently submitted a plat subdivision improvements filing to the county.
Villas De San Diego will offer two-story townhomes with prices starting in the high $300,000s, as listed on Lennar’s website.
The development site was purchased for $12.3 million in May by TPG Angelo Gordon, a New York-based private equity firm. Through its affiliate, TPG Angelo Gordon has entered into an agreement with Lennar to act as a land bank—buying and holding land until Lennar is ready to start construction. This arrangement allows Lennar to secure developable land ahead of time while keeping it off its balance sheet until acquisition from TPG Angelo Gordon.
Lennar has established itself as the leading residential developer in south Miami-Dade. Over the past five years, it completed 8,430 single-family homes and townhomes in the area, accounting for almost 70 percent of all completed homes during that period. The company is also responsible for developing about 60 percent of housing currently under construction in south Miami-Dade.
Founded by Leonard Miller in the 1950s and now led by co-CEOs Jon Jaffe and Stuart Miller (Leonard Miller’s son), Lennar ranks as the second largest homebuilder nationwide.
In addition to Villas De San Diego, Lennar has several other projects underway nearby. These include Century Parc Villas North with 125 townhomes at 35655 Southwest 192nd Avenue; an 88-home project featuring some 3D-printed model homes on a site at Southwest 288th Street and Krome Avenue; and another proposal for 106 townhomes—including workforce-priced units—at Southwest 338th Street and Southwest 192nd Avenue.
