MIAMI—The Great White Course, one of five championship golf courses in Doral, is up for sale. This is a prime asset is next to the Trump National Doral Resort and Spa in Miami.

CBRE listed the 130-acre site known as “Doral White” and is positioning it as a strategic opportunity for a developer to build a massive, mixed-use community from the ground up at a “Main and Main” location in one of the country's fastest-growing suburbs. The demographics are certainly appealing.

Doral's population is expected to grow over 15% in the next five years, according to CBRE's numbers. That's nearly double the 6.85% growth rate projected for Miami-Dade County. Doral is also one of the few areas in Miami-Dade County with A-rated schools. More than 13% household growth is predicted over the next five years compared to Miami-Dade County's 7%. And the average annual household income is $86,000.

“Doral White represents a rare opportunity to acquire a massive development site in the United States' most land-constrained market,” says CBRE's Robert Given. “A development site of this magnitude is a once-in-a-generation opportunity and would allow a developer to put their name and vision on the future of both Doral and Miami.”

In-place zoning would allow a developer to build up to 2,709 residential units, over 800,000 square feet of office, up to 300,000 square feet of retail, a school and an amphitheater and recreation facility on the site. The property is located at Northwest 41st Street and Northwest 87th Avenue in Doral.

Doral is quickly emerging as a hot spot in South Florida with three large-scale, mixed-use projects already under construction. Two of those are within a half mile of White Course. Doral's office market also has bragging rights as the second-largest in the region. Several Fortune 500 companies and major employers like Carnival Cruise Lines, Univision, and the U.S. Southern Command call Doral home.

A combination of a resurging Miami condominium market and an influx of flight capital from Latin America puts Doral in a strong position for future growth. Doral has the largest population of Venezuelans of any US city and the Venezuelan population is projected to grow by 40% between 2013 and 2015.  

“Miami, and Doral in particular, have seen tremendous international buyer interest in condo projects due to flight capital seeking a stable destination,” says CBRE's Gerard Yetming. “With condominium prices in Miami on the rise, buyers have moved westward for more affordable new construction housing.”

The CBRE Capital Markets, Multifamily team in South Florida is marketing the property on behalf of the owner, an affiliate of GIC. The marketing team includes Given, Yetming, Zachary Sackley, Mary Kate Swann, and Chris Wood, and from CBRE's Debt and Structured Finance, Charles Foschini and Chris Apone.