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 $1,199,000
For sale
Price cut: $41K (9/20)
$1,199,000
20791 SW 240th St, Homestead, FL 33031
4beds
5,158sqft
Single Family Residence
Built in 1982
1.25 Acres Lot
$1,151,600 Zestimate®
$232/sqft
$-- HOA
What's special
Private pool and jacuzziWasher and dryerSpacious primary suiteGuardian gas generatorAlarm and camerasImpact doorsCustom walk-in closet
- 95 days
- 226
- 13
Zillow last checked:
Listing updated:
Listed by:
Luis Fonte 305-297-9354,
Fonte Realty & Investments LLC
Source: MIAMI,MLS#: A12044562
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Den/Library/Office, Family Room
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Bottled Gas, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor, Oven, Washer, Water Softener Owned
- Laundry: Laundry Room
Features
- Closet Cabinetry, Split Bedroom, Walk-In Closet(s), Separate Guest/In-Law Quarters, Storage
- Flooring: Ceramic Tile, Concrete, Marble, Tile
- Windows: Hurricane Shutters
- Has fireplace: Yes
- Fireplace features: Decorative
Interior area
- Total structure area: 5,966
- Total interior livable area: 5,158 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Covered, Driveway, Rv/Boat Parking, Converted Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Awning(s), Patio
- Exterior features: Lighting
- Has private pool: Yes
- Pool features: Concrete, Equipment Stays, Pool/Spa Combo, Pool Only
- Fencing: Fenced
- Has view: Yes
- View description: Garden, Pool
Lot
- Size: 1.25 Acres
- Features: 1 To Less Than 2 Acre Lot
- Residential vegetation: Fruit Trees
Details
- Additional structures: Extra Building/Shed, Guest House
- Parcel number: 3068210001250
- Zoning: 8900
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Concrete Block Construction, CBS Construction
- Roof: Composition Roll,Shingle
Condition
- Year built: 1982
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Bottled Gas
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Features: Gated, Horses Permitted, Card/Electric Gate
- Security: Owned Burglar Alarm
- Subdivision: Bonanza Ranch Estate
HOA
- Has HOA: No
Location
- Region: Homestead
Financial & listing details
- Price per square foot: $232/sqft
- Tax assessed value: $800,770
- Annual tax amount: $14,260
- Date on market: 6/26/2026
- Listing terms: All Cash,Conventional
Estimated market value
$1,151,600
$1.09M - $1.21M
$5,489/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2026 | Price change | $1,199,000-3.3%$232/sqft |
Source: | ||
| 8/5/2026 | Price change | $1,240,000-3.1%$240/sqft |
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| 6/28/2026 | Listed for sale | $1,280,000+32%$248/sqft |
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| 3/22/2024 | Sold | $970,000-11.7%$188/sqft |
Source: | ||
| 2/11/2024 | Contingent | $1,099,000$213/sqft |
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| 2/10/2024 | Price change | $1,099,000-4.4%$213/sqft |
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| 2/3/2024 | Price change | $1,149,000-0.1%$223/sqft |
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| 1/13/2024 | Price change | $1,150,000-9.3%$223/sqft |
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| 1/10/2024 | Price change | $1,268,000-0.1%$246/sqft |
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| 1/8/2024 | Price change | $1,269,000-0.1%$246/sqft |
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| 1/2/2024 | Price change | $1,270,000-0.4%$246/sqft |
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| 11/2/2023 | Price change | $1,275,000-5.6%$247/sqft |
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| 10/24/2023 | Listed for sale | $1,350,000$262/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,260 +126.1% | $800,770 +115.7% |
| 2024 | $6,306 +5% | $371,196 +3% |
| 2023 | $6,008 +3.9% | $360,385 +3% |
| 2022 | $5,785 +0.4% | $349,889 +3% |
| 2021 | $5,760 +1.1% | $339,699 +1.4% |
| 2020 | $5,695 +2.1% | $335,009 +2.3% |
| 2019 | $5,576 +4.9% | $327,478 +1.9% |
| 2018 | $5,317 | $321,372 +2.1% |
| 2017 | $5,317 +0.8% | $314,762 +2.1% |
| 2016 | $5,275 -0.6% | $308,288 +0.7% |
| 2015 | $5,306 -1.2% | $306,145 +0.8% |
| 2014 | $5,371 +63.2% | $303,716 +57.2% |
| 2012 | $3,291 -6% | $193,258 -4.8% |
| 2011 | $3,501 -5.7% | $202,898 +1.5% |
| 2010 | $3,712 +10.1% | $199,900 +2.7% |
| 2009 | $3,372 -3.1% | $194,645 +18.8% |
| 2007 | $3,480 -5.4% | $163,788 |
| 2006 | $3,678 +1.6% | -- |
| 2004 | $3,621 +5.3% | -- |
| 2003 | $3,440 +3% | -- |
| 2002 | $3,338 | -- |
| 2001 | $3,338 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 33031
Nearby schools
Schools provided by the listing agent
- Elementary: Redland
- Middle: Redland
- High: South Dade
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






