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15401 SW 240th St, Homestead FL 33032
About this home
Discover the potential of this 1.94-acre agricultural-zoned property in the highly desirable Redland area of Homestead. Nestled among mature trees, the property features a spacious 3-bedroom, 2-bath main home with generous living areas, an interior laundry room, and a covered patio. A separate detached efficiency offers a 1-bedroom, 1-bath layout with a kitchenette, making it ideal for extended family, guests, rental income, or a home office. With nearly two acres of agriculturally zoned land, there’s ample room for RVs, boats, farming, gardening, livestock, or future expansion. Conveniently located near major roadways, shopping, dining, and schools, this is a rare opportunity to enjoy the privacy and versatility of Redland living with endless possibilities.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Other
- Den/Library/Office
- Family Room
- Separate Guest/In-Law Quarters
- Fruit Trees
- Room For Pool
- Garden
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
- $4,526
- 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.