Saturday, December 29, 2018

FPL's Cutler Plantation property reported to be sold and closed. Next step up to developer. No notice of whether any pre-sale meetings were held with the village.

Is the FPL's Cutler Plantation sold - for real - this time? UPDATE: January 1, 2019, article: Luxcom buying 71 developable acres in Palmetto Bay from FPL, written by Miami Today on January 1, 2019

Sources state that real estate developer Oscar Barbara, CEO and chairman of Luxcom Builders, has purchased the property for $33 million. This property is 71 waterfront acres in Palmetto Bay from FPL – this is the property marketed as “Cutler Plantation” which is located at 6525 SW 152nd St. Avison Young's Florida Capital Markets Group negotiated the sale on behalf of FPL. The date for the sale was December 21, 2018.  I do not know if this is the contract or closing date. 

The sale / change of ownership in not currently reflected on the Miami Dade property search website. It is not uncommon for change of ownership to take 30 days for updates to the Property Appraiser’s website. 

Luxcom has a very detailed website where you can view some of the projects/properties CLICK HERE.

I will update as more information arises.

PRIOR / RELATED POSTS: CLICK HERE to view prior related posts on FPL's (or formerly FPL's) Cutler Plantation property.  I previously advised that the FPL property was for sale in a December 19, 2013, post (which never closed)- FPL | Cutler Plantation - Opening price - $40 Million- and have continued to keep our residents informed, including: "Cutler Plantation" property was back on the market in a prior post of November 25, 2016, FPL property - "Cutler Plantation" property is now back on the market - seeking $60 million.

1 comment:

  1. Maybe ( just maybe, especially due to the greatly reduced price, enabling reduced density), a project will be built that will make everyone wish they could afford to live there - "Unlike much of the development of the last cycle, we are developing this land with the end user in mind, not our bottom line." Barbara said. "By building fewer homes than we are zoned for we are able to implement additional walkways, curved streets and parks - creating a new definition of community." Luxcom's Oscar Barbara quoted in The Real Deal, South Florida Real Estate News, Residential porject underway in southern Miami-Dade, July 28, 2014.