For sale

$989,900

20851 SW 242nd St, Homestead, FL 33031

4beds

2,010sqft

Est.:

Single Family Residence

Built in 1990

1.25 Acres Lot

$-- Zestimate^®

$492/sqft

$-- HOA

What's special

Outdoor living

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.

11 days

163

10

Tour with a local agent

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

View 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: $492/sqft
Tax assessed value: $581,519
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

Price history

Date	Event	Price
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