Premier Brokers International
20791 SW 240th Street, Homestead, FL 33031
Price reducedMLS listing sourceMIAMI REALTORS® MLS
Price reducedMLS® A12044562
$1,199,000

↓ Price reduced $41,000 on Sep 20, 2026

20791 SW 240th Street, Homestead, FL 33031

Beds
4
Baths
3
Sqft
5,158
Est. payment$8,010/mo
Home type
Single Family Residence
Year built
1982
Lot size
54,450 sqft
Price / sqft
$232
HOA
$0/mo
Community
BONANZA RANCH ESTATE

Property description

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

Listing activity

Days on market
85
Listed
Jun 26, 2026
MLS listing updated
Sep 20, 2026
Feed last checked
1 minute ago

Listed by Luis A Fonte · Fonte Realty & Investments LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
4
Bathrooms
3
Bathrooms (decimal)
3
Full bathrooms
3
Half bathrooms
0

Rooms & features

Rooms
5
Interior features
Bedroom Layout - Split, Closet Cabinetry, Storage, Walk-In Closet(s)
Flooring
Ceramic Tile, Concrete, Marble, Tile
Appliances
Electric Water Heater, Disposal, Dryer, Electric Range, Microwave, Oven, Refrigerator, Trash Compactor, Washer, Water Softener
Fireplace
Yes
Fireplace features
Decorative
Other equipment
Fuel Tank(s)

Heating & cooling

Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air, Electric
Property

Parking

Garage spaces
2
Garage
Yes
Covered spaces
2
Parking features
Boat Access/Parking, Covered, Driveway, RV Access/Parking
Attached garage
No

Exterior

Stories
1
Building area
5,966 sqft
Entry level
1
Patio & porch
Patio
Exterior features
Awning(s), Lighting
Fencing
Fenced
Other structures
Outbuilding
Pool
Yes
Pool features
Concrete, Equipment Included, Pool/Spa Combo
View
Garden, Pool
Waterfront property
No

Lot

Lot size
54,450 sqft
Lot size (acres)
1.25 acres
Lot features
Fruit Tree(s)
Zoning
8900
Road frontage
Private Road
Construction

Type & style

Home type
Single Family Residence
Architectural style
Ranch
Year built
1982
New construction
No

Materials

Construction
Block, CBS
Roof
Shingle
Property condition
Resale
Levels
One
Faces
South
Utilities & green energy

Utilities

Electric
Circuit Breakers
Sewer
Septic Tank
Water
Well
Community & HOA

Community

Subdivision
BONANZA RANCH ESTATE
MLS area
2680
Security
Security System
55+ community
No

Association

Has association
No
Estimated monthly dues
$0
Amenities
Gated
Lease details

Not reported by the listing source.

Location

Area details

City
Homestead
County
Miami-Dade
ZIP code
33031
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12044562
Possession
Close Of Escrow, Negotiable
Original list price
$1,280,000
Parcel number
3068210001250
Annual property tax
$14,260
Tax year
2025
Tax legal description
21 56 38 1.25 AC M/L W181.5FT OF E701FT OF N300FT OF S343FT OF NE1/4 OR 16851-4779 0795 4
Additional MLS details

Reported by the listing source

Association Amenities
Gated
Association
No
Bathrooms Total Decimal
3
Bathrooms Total Integer
3
Building Area Total
5966
Construction Materials
Block, CBS
County Or Parish
Miami-Dade
Days On Market
85
Direction Faces
South
Elementary School
Redland
High School
South Dade
List Price
1199000
Listing Contract Date
2026-06-26
Living Area
5158
Lot Size Acres
1.25
Lot Size Area
54450
MLSArea Major
2680
Middle Or Junior School
Redland
Mls Status
Active
On Market Date
2026-06-26
Patio And Porch Features
Patio
Photos Count
50
Postal Code
33031
Price Change Timestamp
2026-09-20T01:00:47Z
Property Sub Type
Single Family Residence
Property Type
Residential
Road Frontage Type
Private Road
Rooms Total
5
Security Features
Security System
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-06-26T04:00:00Z
Stories Total
1
Subdivision Name
BONANZA RANCH ESTATE
Water Source
Well
Tax Annual Amount
14260
Bathrooms Full
3
Pool Private
Yes
Bedrooms Total
4
Waterfront
No
Bathrooms Half
0

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jun 26, 2026ListedMIAMI REALTORS® MLS$1,280,000$248/sqft
Sep 20, 2026Price reducedMIAMI REALTORS® MLS$1,199,000$232/sqft

Public tax history

YearProperty taxesAssessment
2025$14,260—

Payment calculator

Estimated monthly payment$8,010/moIllustrative estimate, not a loan offer.
Principal & interest
$6,221
Property taxes
$1,188
Insurance
$600
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

BONANZA RANCH ESTATE

Homestead · Miami-Dade County · 33031

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

RedlandElementary
—
RedlandMiddle
—
South DadeHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Fonte Realty & Investments LLC. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.