
$1,150,000
Single Family ResidenceActive20791 SW 240th St, Homestead FL 33031
MLS #A12044562About This Property
REDLAND ESTATE ON 1.25 ACRES WITH INCOME POTENTIAL! Discover spacious South Florida Living on this beautiful 1.25-acre property in the highly desirable Redland area. Offering approximately 5,158 total square feet, this unique property combines privacy, space, and flexibility with two separate in-law quarters currently producing approximately $2500 per month in rental income. The property features a private pool and jacuzzi, generator, spacious primary suite, and plenty of room for entertaining and enjoying the South Florida lifestyle. Main house is 4/2 with an enclosed a/c garage and two formal dining and living areas with a huge master bedroom, a custom walk-in closet, and his-and-hers shower and vanities. Hurricane shutters on every window and impact doors.Guardian gas generator. Tankless water heater. Washer & dryer. Wood cabinets with Corian tops and stainless steel appliances. Terrace outside of master bedroom with jacuzzi.Water softener and sprinkler system. Alarm and cameras. The roof was replaced 8 years ago. The expansive property provides room for boats and recreational vehicles, making it ideal for buyers looking for the space and freedom that are increasingly difficult to find in Miami-Dade County. Whether you're looking for a primary residence, multigenerational living, or a property with additional income potential, this Redland Estate offers an exceptional combination of acreage, versatility, and value. The owner is very motivated. Offered at $1,150,000
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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
1982
Living Area
5,158 sq ft
Lot Size
54,450 sq ft
Bedrooms
4
Bathrooms
3
Garage
2 Spaces
Pool
No
Waterfront
No
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric
Roof Type
Composition Roll, Shingle
Flooring
Ceramic Floor, Concrete, Marble, Tile
Construction
Concrete Block Construction, CBS Construction
Style
Attached, One Story, Ranch
HOA Fee
None
Annual Taxes
$14,260 (2025)
Days on Market
101
MLS #
A12044562
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
Location
City
Homestead
State
FL
ZIP Code
33031
County
Miami-Dade County
Subdivision
BONANZA RANCH ESTATE
Listing provided by Luis Fonte at Fonte Realty & Investments LLC. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A12044562.