38 New Townhomes Coming to West Kendall From $650K

What's being built at Coral Way and SW 144th Avenue in West Kendall?

MMG Equity Partners closed a $21.5 million construction loan for Coral Nest, a mixed-use project at the northwest corner of Southwest 26th Street (Coral Way) and Southwest 144th Avenue. The plan is 38 two-story townhomes priced from $650,000, plus roughly 25,000 square feet of retail fronting Coral Way, with Aldi and PNC Bank slated to take commercial land in the first quarter of 2027. Townhome completion is estimated for October 2027, and about 25% of the homes were pre-sold within three weeks of launch.

By Pedro Casanova | September 8, 2026

New for-sale housing at the Miami-Dade median price is rare right now. That's the part of this story worth your attention.

MMG Equity Partners, the Pinecrest-based developer, secured $21.5 million in construction financing from Seacoast Bank, arranged by JLL Capital Markets, as the South Florida Business Journal reported. The money funds Coral Nest, on a roughly six-and-a-half-acre site at Coral Way and Southwest 144th Avenue.

Here's what's going up:

• 38 two-story townhomes, in three- and four-bedroom plans, each with a private garage
  
  
• Prices starting at $650,000, with about 25% pre-sold roughly three weeks after sales opened
  
  
• Impact-grade windows and current-code construction throughout
  
  
• About 25,000 square feet of retail on the Coral Way frontage, on roughly 3.5 acres, with the townhomes on the remaining three
  
  
• Aldi and PNC Bank taking commercial land in Q1 2027, with a third tenant not yet announced
  
  
• Completion estimated October 2027
  
  

Thirty-eight homes is not a market-moving number. But where they sit — in price, in product type, and on the calendar — makes this more useful to a West Kendall owner or buyer than the unit count suggests.

Why 38 townhomes matter more than the number implies

Start with the price. Miami-Dade's median single-family sale price was $685,000 in July 2026. Coral Nest opens at $650,000. That is not luxury product and it is not entry-level product — it lands squarely in the band where most of the county's move-up activity actually happens.

Now look at what that band has to choose from. Miami-Dade single-family inventory sat at 4.8 months of supply in July, against 12 months for condos. Active single-family listings fell nearly 23% year over year. A buyer at $650,000 in West Kendall today is mostly shopping 1970s and 1980s resale stock, and there isn't much of it.

That scarcity is why 38 new homes get absorbed at 25% in three weeks. Read the pre-sale pace as a demand signal at that price point, not as a forecast about values. Pre-sales tell you buyers exist. They don't tell you what anything closes for in late 2027.

The insurance math is the piece most buyers underestimate. A townhome delivered in 2027 comes with impact glass, a new roof, and construction under the current Florida Building Code. A comparable West Kendall resale from 1979 often comes with a roof approaching the age where Florida carriers start declining or non-renewing coverage. The premium gap between those two properties is real money every year, and it compounds into the payment. If you're comparing a resale at $640,000 against a new townhome at $665,000, the sticker difference is not the whole difference.

The association is the piece buyers overestimate — in the wrong direction. A fee-simple townhome community like this is governed by Florida's homeowners association law, Chapter 720. It is not a condominium under Chapter 718, which means the milestone inspection and structural integrity reserve study requirements driving the county's condo assessments do not apply here the way they do to a mid-rise on Brickell. That's a genuine advantage, and it's part of why for-sale townhomes have held up while Miami's median HOA fee climbed to $617 a month, the heaviest burden in the country.

It is not a free pass. New associations open with developer-set budgets, and those budgets tend to rise once the developer turns the community over to the owners. Ask for the projected budget, the reserve schedule, and the turnover date before you sign — not after.

Then there's the retail. Aldi, a bank branch, and a third tenant on the Coral Way frontage change the day-to-day convenience of that intersection. They also mean construction activity on a busy east-west corridor into 2027. If you own within a few blocks, expect both.

What to do about it if you own or you're buying nearby

If you own in West Kendall and you're thinking about selling in the next 18 months, you have a new competitor arriving at your price point — one with a warranty, impact glass, and a garage. That doesn't argue for rushing. It argues for being honest about condition. In a market where the median house goes to contract in 45 days at 96% of original list, the homes that struggle are the ones a buyer looks at and starts adding up: roof, windows, panel, insurance quote. Fix the insurability items or price them in, because a buyer comparing you to new construction will.

If you're buying in the $600,000s in West Kendall, run both options as full carrying costs, not as prices. Take the resale and the new townhome and put mortgage, taxes, insurance, and association dues side by side, then add a realistic reserve for roof and system replacement on the resale. Sometimes new construction wins that comparison. Sometimes the resale wins on lot size and on not waiting a year. You can't know which without doing the arithmetic.

Watch the calendar if you're moving up. An October 2027 delivery is more than a year out. If you plan to sell your current home to fund the purchase, you're looking at a gap to bridge with a rent-back, a lease, or a second closing — and that plan should be built now, not next summer. Florida's homestead portability also runs on a clock, so if you're carrying a meaningful Save Our Homes benefit, confirm how much transfers and by when before you commit to a 2027 closing date.

One honest caveat. Financing closed, which is the milestone that separates real projects from proposed ones — but delivery dates in South Florida slip. Contract terms, deposit structure, and what happens if the completion date moves are worth reading closely on any pre-construction purchase.

Frequently Asked Questions

Where exactly is Coral Nest being built?

At the northwest corner of Southwest 26th Street — Coral Way — and Southwest 144th Avenue in the West Kendall area of unincorporated Miami-Dade County. The site is roughly six and a half acres, split between about 3.5 acres of retail fronting Coral Way and about three acres for the townhomes.

How much do the Coral Nest townhomes cost?

Pricing starts at $650,000 for the three- and four-bedroom two-story plans, each with a private garage. Roughly 25% of the 38 homes were pre-sold within about three weeks of the sales launch. Pre-construction pricing typically moves as a project sells through, so current availability and pricing should be confirmed directly.

When will Coral Nest be finished?

Townhome construction is estimated for completion in October 2027. The commercial land is expected to be delivered to its tenants in the first quarter of 2027. Delivery dates on pre-construction projects can move, so build flexibility into any plan that depends on the date.

Will 38 new townhomes affect West Kendall home values?

Thirty-eight homes is a small addition to a submarket this size, so it is unlikely to move values on its own. The more practical effect is competitive: sellers listing comparable homes in the $600,000s over the next year will be shown against new construction with impact windows, a new roof, and a warranty. Condition and insurability matter more when that's the comparison.

Do townhome HOAs carry the same reserve requirements as Miami condos?

No. Fee-simple townhome communities are governed by Chapter 720 of the Florida Statutes, while condominiums fall under Chapter 718 — which is where the milestone inspection and structural integrity reserve study requirements live. That said, a townhome association still sets dues and funds reserves, and those budgets commonly rise after the developer turns the community over to the owners.

The useful takeaway isn't that 38 townhomes are coming to Coral Way. It's that new for-sale product is arriving right at the Miami-Dade median in a submarket with under five months of single-family supply, and that changes the comparison for anyone buying or selling in that price band over the next year.

What it means for you comes down to your timeline, your current equity, and whether you're on the buying or the selling side of it. I'm happy to walk through the numbers on your specific situation — you can grab a time here.

About Pedro Casanova

Pedro Casanova is a real estate broker that leads The KREN Group real estate team serving the Southeast Florida area. They specialize in helping people build wealth through real estate by helping buyers and sellers maximize their opportunity in every transaction. Connect with the team at www.thekrengroup.com.

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