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.
For sale
$979,900
20851 SW 242nd St, Homestead, FL 33031
4beds
2,010sqft
Single Family Residence
Built in 1990
1.25 Acres Lot
$-- Zestimate®
$488/sqft
$-- HOA
What's special
Outdoor living
- 217 days |
- 111 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Molina 305-586-2121,
The Keyes Company
Source: MIAMI,MLS#: A11921299
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Other, Electric Range, Gas Range, Refrigerator, Washer
Features
- Built-in Features, Other, Chandelier To Be Replaced, Split Bedroom, Walk-In Closet(s), Cottage, Separate Guest/In-Law Quarters, Storage
- Flooring: Tile
- Windows: Complete Panel Shutters/Awnings, Hurricane Shutters
Interior area
- Total structure area: 2,042
- Total interior livable area: 2,010 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport, Additional Spaces Available, Other, Unpaved
- Carport spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Patio
- Exterior features: Lighting, Room For Pool
- Pool features: R30-No Pool/No Water
- Fencing: Fenced
- Has view: Yes
- View description: Garden
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, Workshop
- Parcel number: 3068210003990
- Zoning: 8900
- Other equipment: Other
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Concrete Block Construction, CBS Construction
- Roof: Shingle
Condition
- Year built: 1990
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: Bonanza Ranchos
HOA
- Has HOA: No
Location
- Region: Homestead
Financial & listing details
- Price per square foot: $488/sqft
- Tax assessed value: $561,854
- Annual tax amount: $4,315
- Date on market: 9/17/2025
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Price change | $979,900-1%$488/sqft |
Source:  MIAMI #A11921299 Report a problem | ||
| 12/1/2025 | Listed for sale | $989,900-1%$492/sqft |
Source: MIAMI #A11921299 Report a problem | ||
| 11/13/2025 | Listing removed | $1,000,000$498/sqft |
Source:  The Keyes Company/Realtors #A11880737 Report a problem | ||
| 9/18/2025 | Listed for sale | $1,000,000+471.4%$498/sqft |
Source: MIAMI #A11880737 Report a problem | ||
| 5/3/2001 | Sold | $175,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,315 +2.2% | $191,693 +2.9% |
| 2024 | $4,223 +5.6% | $186,291 +3% |
| 2023 | $3,997 +42% | $180,866 +3% |
| 2022 | $2,814 +1.2% | $175,599 +3% |
| 2021 | $2,780 +1.2% | $170,485 +1.4% |
| 2020 | $2,748 +2.3% | $168,132 +2.3% |
| 2019 | $2,687 +5.2% | $164,352 +1.9% |
| 2018 | $2,554 | $161,288 +2.1% |
| 2017 | $2,554 +1% | $157,971 +2.1% |
| 2016 | $2,530 +0.3% | $154,722 +0.7% |
| 2015 | $2,522 -1.1% | $153,647 +0.8% |
| 2014 | $2,549 +12.6% | $152,428 +15.8% |
| 2013 | $2,263 | $131,630 -4.4% |
| 2012 | $2,263 -16.9% | $137,728 -14.7% |
| 2011 | $2,725 -28.7% | $161,430 -21.4% |
| 2010 | $3,823 +10.1% | $205,345 +2.7% |
| 2009 | $3,472 -2.9% | $199,947 +11.5% |
| 2007 | $3,576 +15.1% | $179,291 |
| 2006 | $3,107 | -- |
| 2005 | $3,107 +1.6% | -- |
| 2004 | $3,057 +1.1% | -- |
| 2003 | $3,025 +45.5% | -- |
| 2002 | $2,078 | -- |
| 2001 | $2,078 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33031
Nearby schools
GreatSchools rating
- 4/10Redland Elementary SchoolGrades: PK-5Distance: 4.8 mi
- 5/10Redland Middle SchoolGrades: 6-8Distance: 4.9 mi
- 3/10South Dade Senior High SchoolGrades: PK,9-12Distance: 5.2 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Miami-Dade County
- Homestead
- 33031
- 20851 SW 242nd St
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