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Waterfront · Single Family Residence
$3,700,000$1,037 / sqft
20970 SW 264th St, Homestead FL 33031
Listed
4
Bedrooms
4
Bathrooms
3,567 sqft
Interior
2007
Year built
None
HOA
Single Family Residence
Type
About this home
Create your dream farm, horse ranch or family compound on 9.59 private acres. Add stables, a covered arena and riding ring + an organic farm, chicken coops, a few cows and a guest cottage. A lawn wide enough for a tented wedding at sunset. Horses allowed. Zoning allows a licensed event venue, so weddings, retreats, corporate events and agritourism can become a business. This is Homestead/Redland: Miami’s protected farm belt and the last real country left in the county, with groves stretching to the horizon. Walled, gated + royal palm-lined. Ag classification in place. No HOA. At the center sits a sturdy home with a pool and motor court, built to modern hurricane code. Wake to open skies, ride from your own backyard and end the day with sunsets over the groves. Create a multigenerational retreat where family can live, gather and grow for generations. A rare chance to own real land near Miami without giving up privacy, convenience or possibility. Just 40 min to MIA and 35 min to the Florida Keys.
Features
- First Floor Entry
- Family Room
- Utility Room/Laundry
- Canal
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,900–$9,600.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.