

                                                                       Exhibit 5
                                                                       ---------


                                        ROGERS & WELLS LLP
                                        200 Park Avenue, New York, NY 10166
                                        (212) 878-8000 Facsimile (212) 878-8375


LONDON                            WASHINGTON, D.C.                    FRANKFURT
PARIS                                                                 HONG KONG



                                        February 9, 1999



Lennar Corporation
700 Northwest 701th Avenue
Miami, Florida 33172

Dear Sirs:

                  We have acted as counsel to Lennar Corporation (the "Company")
in  connection  with  the  proposed  issuance  of up to  3,000,000  shares  (the
"Shares")  of common  stock,  par value  $0.10 per share,  of the  Company  upon
exercise of options  granted under the Company's 1997 Stock Option Plan. In that
capacity, we are familiar with the proceedings, corporate and other, relating to
the authorization of the issuance of the Shares.

                  Based upon the  foregoing,  and such other  examination of law
and fact as we have deemed necessary, we are of the opinion that when Shares are
issued and paid for upon exercise of options  granted  under the Company's  1997
Stock Option Plan, they will be legally issued, fully paid and non-assessable.

                  We consent to the filing of this  opinion as an exhibit  to a 
 registration  statement  on Form S-8  relating  to the Shares.

                                              Very truly yours,


                                              ROGERS & WELLS LLP
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