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Single Family Residence
$399,900$555 / sqft
1238 Old Dixie Hwy, Homestead FL 33030
Listed
2
Bedrooms
1
Bathrooms
720 sqft
Interior
1950
Year built
None
HOA
Single Family Residence
Type
About this home
Exceptional opportunity in the heart of Homestead! This unique property is situated on a primarily commercially zoned lot and is currently being used as a single-family residence, offering incredible flexibility for homeowners, investors, and business owners alike. Ideally located just minutes from Downtown Homestead and parallel to U.S. 1, the property is surrounded by established businesses, warehouses, medical offices, law offices, shopping centers, and other commercial establishments. Existing 2-bedroom, 1-bathroom home sits on an oversized lot with NO HOA, providing endless possibilities. Continue using it as a residence, establish your business in the current structure, expand the existing improvements, or redevelop the property to maximize its commercial potential, subject to applicable zoning and municipal approvals. The spacious lot offers ample room to park a boat, RV, work vehicles, or equipment, with additional space for future expansion or even a pool if used residentially. Conveniently located near top-rated schools, Baptist Homestead Hospital, parks, supermarkets, restaurants, U.S. 1, Krome Avenue, and Florida's Turnpike, with easy access to the Florida Keys. Don't miss this rare opportunity to own a property that offers both residential comfort and outstanding commercial potential in one of Homestead's fastest-growing corridors! Don't miss the immersive 3D virtual tour and experience this unique property from the comfort of your home. May your best start here!
Features
- Closet Cabinetry
- No Additional Rooms
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 158 active listings; the middle half ask $2,400–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.