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About This Home

This 4-bedroom, 2-bathroom single family at 20851 SW 242nd St in Homestead, FL is listed for $979,900 ($488 per sqft). Built in 1990, the home offers 2,010 sqft of living space on a 1.25 acres lot.

Agent Description

Unique opportunity to own a 1.25-acre property in the desirable Redlands area. The main home offers 4

bedrooms, 2 bathrooms, and even includes a bunker for when there is a strong hurricane. In addition, there is a separate 2-bedroom, 1-bath house which could be an in-law's quarters; a manufactured home with 4 bedrooms and 2 bathrooms; plus 2 trailers on site. This property is currently generating monthly income with the potential to increase further. Perfect for an investor seeking strong cash flow or an end-user who wants to enjoy the peaceful lifestyle of the Redlands while benefiting from an income-producing property. Ample space for parking, outdoor living, and future improvements such as a pool, etc. A rare find combining rural charm, multiple residences, and consistent income potential. Must see! Please call listing agent for showing.

Key Features

  • Built in 1990
  • 1.25 acre lot

Property Details

2 full
1990

Monthly Cost Estimate

$5,241/mo

20% down · 6.5% · 30 years

Principal$709
Interest$4,246
Insurance$286

Estimates only. Actual payments may vary.

Location

20851 SW 242nd St

Homestead, FL 33031

Bonanza Ranchos

Features & Amenities

Interior Features

Breakfast BarBuilt-in FeaturesBedroom On Main LevelConvertible BedroomEat-in KitchenFamily/Dining RoomFirst Floor EntryKitchen/Dining ComboMain Level PrimarySplit BedroomsWalk-in Closet(s)Workshop

Exterior Features

FenceFruit TreesLightingPatioRoom For PoolShedStorm/Security Shutters

Property Details

Flooring

Tile

Construction

Block

Parking

CarportOther

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

DishwasherDryerGarbage DisposerMicrowaveOtherRangeRange - GasRefrigeratorWasher

Questions & Answers

This 4-bedroom, 2-bathroom single family at 20851 SW 242nd St is listed at $979,900 ($488/sqft). The estimated monthly payment is $4,246 based on 20% down at 6.5% interest.

Key features include: Built in 1990, 1.25 acre lot. Interior Features: Breakfast Bar, Built-in Features, Bedroom On Main Level. Exterior Features: Fence, Fruit Trees, Lighting.

This property is listed by Elizabeth Molina and can be reached at 18004383973 or elizabethmolinarealtor@gmail.com.

EM

Elizabeth Molina

Agent at The Keyes Company

(800) 438-3973

Listed by The Keyes Company · View on Broker Site

MLS# A11921299· Source: listhub· Updated today

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

20851 SW 242nd St, Homestead, FL 33031

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