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23600 SW sw 122 ave, Homestead FL 33032
About this home
Vacant land opportunity on nearly 1 acre in Miami-Dade near the Redlands, offering endless potential for new construction, investment, or creating a private estate. Located within the Urban Development Boundary and surrounded by multi-million-dollar properties, this flat and well-maintained parcel is ideal for builders, developers, investors, or buyers looking to build their dream home in a rapidly appreciating area. Significant progress has already been completed, including soil study, survey, and permitting work with the city, helping streamline the building process. The property features two wells, installed electricity, no HOA, and plenty of room for boats, RVs, nurseries, agriculture, or future improvements (buyer to verify). Conveniently located minutes from the Florida Turnpike, US1, Publix, shopping centers, Key Largo, Redland Market Village, and the heart of the Redlands. Owner financing available. Motivated seller!
Features
- Other
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,160
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.