$979,900
Single Family ResidenceActive20851 SW 242nd St, Homestead FL 33031
MLS #A11921299About This Property
Unique opportunity to own a 1.25-acre property in the desirable Redlands area. The main home offers 4 bedrooms, 2 bathrooms, and even includes a bunker for when there is a strong hurricane. In addition, there is a separate 2-bedroom, 1-bath house which could be an in-law's quarters; a manufactured home with 4 bedrooms and 2 bathrooms; plus 2 trailers on site. This property is currently generating monthly income with the potential to increase further. Perfect for an investor seeking strong cash flow or an end-user who wants to enjoy the peaceful lifestyle of the Redlands while benefiting from an income-producing property. Ample space for parking, outdoor living, and future improvements such as a pool, etc. A rare find combining rural charm, multiple residences, and consistent income potential. Must see! Please call listing agent for showing.
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Blue Mar Real Estate Group
About Homestead
Homestead is the gateway to the Florida Keys and Everglades National Park, with a distinct small-town identity rooted in agriculture and the Redland farming district. The community offers significantly more affordable price points than coastal Miami, post-Hurricane Andrew rebuilding has modernized much of the housing stock, and attractions include Homestead-Miami Speedway, Fruit & Spice Park, Coral Castle Museum, and Schnebly Redland's Winery. Popular with first-time buyers, investors, and anyone seeking land with access to the Keys.
Property Details
Property Type
Single Family Residence
Year Built
1990
Living Area
2,010 sq ft
Lot Size
54,450 sq ft
Bedrooms
4
Bathrooms
2
Pool
No
Waterfront
No
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric
Roof Type
Shingle
Flooring
Tile
Construction
Concrete Block Construction, CBS Construction
Style
Detached, One Story, Ranch
HOA Fee
None
Annual Taxes
$4,315 (2025)
Days on Market
262
MLS #
A11921299
Features & Amenities
Interior
Appliances
Exterior
Community
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Similar Homes in Homestead
Location
City
Homestead
State
FL
ZIP Code
33031
County
Miami-Dade County
Listing provided by Elizabeth Molina at The Keyes Company. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11921299.