Trying to understand "Like-kind" in my situation

[Dale Meredith]

I have a piece of property that our LLC purchased to develop into a vacation rental property. It's located in a gated community near a touristy lake. We never broke ground. We've received an offer to purchase that property (the buyer is planning to build their own vacation rental).

Here's my question: if we find a property with a house already built and ready for vacation rentals....could we use 1031? Would that be considered "like-kind"? Thanks for any insight!