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.
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.
Property Details
Price:
$979,900
MLS #:
A11921299
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Bonanza Ranchos
Neighborhood:
bonanzaranchos
Listed Date:
Sep 17, 2025
Finished Sq Ft:
2,010
Total Sq Ft:
2,042
Year Built:
1990
See this Listing
Schools
Elementary School:
Redland
Middle School:
Redland
High School:
South Dade
Interior
Appliances
Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Gas Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air, Electric
Flooring
Tile
Heating
Central, Electric
Exterior
Architectural Style
Detached, One Story, Ranch
Community Features
None
Construction Materials
Concrete Block Construction, CBS Construction
Exterior Features
Lighting, Fruit Trees, Room For Pool
Other Structures
Extra Building/Shed, Guest House
Parking Features
Detached Carport, Additional Spaces Available, Other, Unpaved
Roof
Shingle
Financial
Tax Year
2025
Taxes
$4,315
Map
Community
- Address20851 SW 242nd St Homestead FL
- SubdivisionBonanza Ranchos
- CityHomestead
- CountyMiami-Dade County
- Zip Code33031
Market Summary
Current real estate data for Single Family in Homestead as of Mar 13, 2026
1,012
Single Family Listed
132
Avg DOM
341
Avg $ / SqFt
$878,610
Avg List Price
Property Summary
- Located in the Bonanza Ranchos subdivision, 20851 SW 242nd St Homestead FL is a Single Family for sale in Homestead, FL, 33031. It is listed for $979,900 and features 4 beds, 2 baths, and has approximately 2,010 square feet of living space, and was originally constructed in 1990. The current price per square foot is $488. The average price per square foot for Single Family listings in Homestead is $341. The average listing price for Single Family in Homestead is $878,610.
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