"The owners have been sitting on the property for some time and recognized the value of a larger parcel in one of the fastest growing areas of Florida," says Ronnie Issenberg, an investment sales specialist in the local office of Marcus & Millichap. "They decided to take out the equity and set up outside the urban development line, where land is much less expensive," he tells GlobeSt.com.

Issenberg assembled the full parcel and is marketing it at an asking price of $18 million, which translates to $500,000 an acre or $11.47 per sf. "Dade County is trying to get developers here to build vertical versus urban sprawl," he says, "and land is hard to come by in Miami-Dade County."

The parcel runs along the region's new high-speed, mass-transit bus route and Old Dixie Highway. It is parallel to US Hwy. 1, and the Winn-Dixie and Publix shopping centers are nearby. Demand for housing in this area "is at an all-time high," Issenberg says, adding, "a new county high school is being built across the street."