Florida Farm Sold for $121 Million; 1,170 New Homes Planned

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If you’re a fan of Florida’s rich agricultural heritage, here’s some news that might catch your eye. Homestead’s Alger Farms, a name synonymous with fresh produce and quality landscape materials, has just sold a hefty chunk of their land. Nearly 900 acres have been sold for a staggering $121 million. Here’s the scoop on what’s happening with this land and what it means for the area.

For those not familiar with Alger Farms, they’ve been a staple in Florida’s agriculture scene since 1944. The farm is well-known for its sweet winter corn, snap peas, and top-notch landscape materials. Joe, a fan of their produce, raves about their corn: “Their corn is amazing, and the trees are top quality. The staff is always kind, cordial, and knowledgeable.” High praise indeed!

In early July 2024, the Alger family decided to part with some of their prized land. They sold 97 acres to homebuilding giant D.R. Horton for a cool $65 million. This land is set to become the Sandero Landing community, which will feature around 1,170 residential units—comprising multifamily units, townhouses, and live-work spaces. It’s clear that this area is gearing up for some serious development.

But that’s not all! The Alger family also sold another 797 acres to Miami-Dade Land Co LLC, a company based in Carlsbad, California. This deal was worth $56 million, bringing the total land sold to 894 acres.

With these sales, Homestead is about to see a significant transformation. The new Sandero Landing community will bring a mix of residential options, providing much-needed housing in the area. As for the other 797 acres, it’s anyone’s guess what might come next. Given the current trend, it wouldn’t be surprising if more development is on the horizon.

While it’s always a bit bittersweet to see farmland being sold off, these developments also bring new opportunities and growth to the area. The transition from agricultural land to residential units highlights the evolving needs of Florida’s communities and the ongoing balance between preserving farmland and accommodating growth.

So, if you’re a local or just interested in Florida’s development scene, keep an eye on Homestead. There’s a lot happening, and these changes are sure to shape the area for years to come. If you’ve got thoughts on this shift or memories of Alger Farms, drop a comment below!