Developer Sales
Ractrack Toy Collection
Project facts
- Status
- Completed
- Address
- 1750 SE 38th Ave
- City
- Homestead, Florida
- Region
- South Florida
- Submarket
- Miami; Miami Beach
- Units
- 30
- Average unit size
- 2,355 SF
- Amenity tier
- Standard
- Key amenities
- Gated Access & Security, Climate Control
- Construction
- Tilt Wall
- Finish level
- High-Quality
- Year built
- 2024
- Flood zone
- X
Location Summary
Homestead / Miami; Miami Beach Overview
Ractrack Toy Collection sits at 1750 SE 38th Avenue in Homestead, Miami-Dade County, roughly three quarters of a mile from the front gate of Homestead-Miami Speedway. That adjacency is the single most important fact about this address. The site sits at the southern end of the Miami-Dade development corridor, where US 1 and the southern reach of Florida's Turnpike carry traffic toward Florida City, the Everglades and the Overseas Highway to the Keys, and it is the last substantial industrial and commercial node before the agricultural belt begins.
The platform files this project in the Miami and Miami Beach submarket, but Homestead is about 35 miles south of Brickell and its trade area behaves nothing like the urban core. Within five miles the site reaches 2,266 households earning $200,000 or more against a median home value of $400,873 and a median household income of $68,541, with a portfolio-relative wealth index of 3.8. The demographic signature is young and resident rather than seasonal: median age 33.2, only 18.4 percent of the population aged 55 or older, and a seasonal housing share of just 0.1 percent. The number that matters most to this product is different from either: 21.3 percent of households within five miles keep three or more vehicles, one of the highest readings anywhere in the coverage footprint.
Two inherited facts frame the wider market. Miami-Dade sits inside a metropolitan area above 6.4 million residents whose airport and seaport together generate a record $242.8 billion in annual economic impact, and Florida continues to lead the nation in net adjusted gross income gained from other states, with no state income tax on wages, retirement income, or capital gains. The Brickell finance migration branded Wall Street South keeps thickening the county's ultra-high-net-worth base, though that wealth concentrates 35 miles north of this site rather than around it.
Current Events & Infrastructure
- NASCAR Championship Weekend returns to Homestead-Miami Speedway: The championship for all three NASCAR national series moves to Homestead on November 6 to 8, 2026, the first title weekend at the track since 2019 after an 18-year run from 2002 to 2019. The track already reports more than $301 million in annual economic impact to the region and runs events nearly 300 days a year across a 650 acre facility with a 1.5 mile oval and a 2.21 mile road course. For a site inside a mile of the gate, that is a permanent, high-frequency stream of enthusiast traffic rather than a single annual event.
- Sunstone, west of Southwest 137th Avenue: Miami-based Abreu Development took a 20.2 acre site to the Homestead Development Review Committee on June 23, 2026 for 200 residences across four buildings plus 56,530 square feet of retail, having assembled the land for $9.5 million in January. It is one of several conversions of Homestead agricultural land to residential and commercial use, and it adds rooftops and daily-needs retail within the same submarket node.
Key Demand Drivers
Homestead's demand case rests on proximity to a nationally significant motorsports venue combined with a resident population that already owns more vehicles per household than almost anywhere else on the platform. This is not a seasonal second-home catchment, and it should not be sold as one. It is a working, multi-vehicle, motorsports-adjacent market.
- Homestead-Miami Speedway: About three quarters of a mile from the site, the 650 acre track hosts events on close to 300 days a year, generates over $301 million in annual regional economic impact, and welcomes back NASCAR Championship Weekend on November 6 to 8, 2026.
- Multi-vehicle household density: Within five miles of the site, 21.3 percent of households keep three or more vehicles, well above the norm for the coverage footprint and a direct signal of latent demand for secure, enclosed space.
- South Miami-Dade residential conversion: Projects such as the 200 residence, 56,530 square foot Sunstone development are steadily converting Homestead agricultural acreage to residential and retail use, deepening the local household base while tightening the supply of developable land.
- Gateway position on US 1 and the Turnpike: The site sits on the last major commercial corridor before Florida City, the Everglades and the Keys, giving owners a straight run north to the Miami core and immediate access to the recreational corridor south and west.
Location Highlights
- MSA Position: The Miami metropolitan area holds above 6.4 million residents, and Miami International Airport and PortMiami together generate a record $242.8 billion in annual economic impact supporting nearly 1.2 million Florida jobs.
- Enthusiast and Collector Culture: Homestead-Miami Speedway sits three quarters of a mile away, running events nearly 300 days a year and hosting the 2026 NASCAR championship for all three national series.
- Infrastructure and Access: US 1 and the southern reach of Florida's Turnpike both serve the corridor, connecting the site north to the Miami core and south to Florida City and the Keys.
- Market-Specific Factor: The five-mile trade area is resident rather than seasonal, with a seasonal housing share of 0.1 percent and a median age of 33.2, so demand here is year-round local ownership rather than snowbird storage.
- Tax and Quality of Life: Florida levies no state income tax on wages, retirement income, or capital gains, and leads the nation in net adjusted gross income gained from other states.
- High Net Worth Concentration: The site reaches 1,110 households earning $200,000 or more within three miles, 2,266 within five, and 3,558 within seven, a moderate base by South Florida standards that sits well below the Miami core's density.
Area Demographics (ACS 2024)
5-Mile Profile: Population 117,014 | Median HH Income $68,541 | HH Earning $150K+ 12.9% | Median Age 33.2 | Age 55+ 18.4% | Seasonal Units 0.1% | Households with 3+ Vehicles 21.3%
Wealth Index: 3.8 / 10 (SCK portfolio-relative)