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.