$720,000
Sold · October 3, 2025
20707 SW 240th Street
Bonanza Ranch Estates
Explore the area: Homestead homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $720,000
- Vs. list price
- 8.8% under
- Days on market
- 77
- Price per sq ft
- $519
This 2-bedroom single-family home in ZIP 33031 sold for $720,000 on October 3, 2025. That was 8.8% below its final list price of $789,900. It first came on the market at $830,000, so the price was adjusted before it sold. It spent 77 days on the market. At $519 per square foot, it closed 37.7% above the $377 median of the 3 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $720,000
- Sold On
- October 3, 2025
- Days on Site
- 77 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,386 sqft
- Total Sq Ft
- 1,890 sqft
- Lot Size
- 1.3 Acres
- Year Built
- 2000
- Property Type
- Single Family
- MLS #
- A11801240
- Property Tax
- $10,005 (2024)
- Subdivision
- Bonanza Ranch Estates
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Nestled on a sprawling 56,628 sq. ft. corner lot, this charming one-story home offers the perfect blend of space, privacy, and potential. Whether you're dreaming of a custom-built estate, a peaceful ranch getaway, or adding horse stalls, this property is a blank canvas ready for your vision. The home features impact doors and windows, a large utility shed and is fully fenced for added security and peace of mind. Surrounded by mature fruit trees, the grounds invite you to embrace a tranquil, rural lifestyle while still being conveniently located in the highly desirable Redlands area.
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 2000
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Attached Carport / Circular Driveway / Covered / Carport / Driveway
- Direction Faces
- South
- Lot Size (Acres)
- 1.3
- Living Sq Ft
- 1,386
- Total Sq Ft
- 1,890
- Sewer
- Septic Tank
- Water Source
- Well
- Zoning
- 8900
Interior Features
- Appliances
- Electric Range / Microwave / Refrigerator
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level / Main Level Primary / Storage / Tub Shower
- Laundry
- In Garage
- Total Rooms
- 1
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Lot Features
- One To Two Acres / Fruit Trees
Community & HOA
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / Va Loan
- MLS Area
- 2680
About the Area
Browse Homestead homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Homestead includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Homestead listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 1,590
- Under Contract
- 379
- Median List Price
- $440,000
- Median Sale Price (September)
- $471,000
- Median $/Sq Ft
- $261
- Avg Days on Market
- 123
Frequently Asked Questions
- How do I schedule a tour of 20707 SW 240th Street, Homestead, FL 33031?
- Use the Tour button on this listing to request a showing of 20707 SW 240th Street, Homestead, FL 33031. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 20707 SW 240th Street, Homestead, FL 33031 still available?
- 20707 SW 240th Street, Homestead, FL 33031 is currently listed as Sold, and has been on the market 77 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 20707 SW 240th Street, Homestead, FL 33031?
- With 20% down ($157,980) on the $789,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 20707 SW 240th Street, Homestead, FL 33031 is about $4,151/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 20707 SW 240th Street, Homestead, FL 33031?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 20707 SW 240th Street, Homestead, FL 33031. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 20707 SW 240th Street, Homestead, FL 33031?
- Often, yes. The right offer on 20707 SW 240th Street, Homestead, FL 33031 depends on how it's priced against comparable single family sales in Homestead, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Better Homes & Gdns RE Fla 1st
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$720,000
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Listed by Karin J Morales, Better Homes & Gdns RE Fla 1st
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Recent Sales
Recently sold homes in ZIP 33031
These are the last 6 recorded closings in ZIP 33031, with the price each home actually sold for rather than what it was listed at. They closed at a median of $377 per square foot. The most recent closed on October 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$750,000
Sold · October 2, 2026
19745 SW 244th Street
4 bed · 2 bath · 2,084 sqft · $360/sqft
$19,000 under the asking price
Sold$475,000
Sold · October 1, 2026
23850 SW 169 Avenue
0 bed · 0 bath
$40,000 under the asking price
Sold$300,000
Sold · September 30, 2026
20xxx SW 199 Avenue
0 bed · 0 bath
$1 over the asking price
Sold$2,100,000
Sold · September 17, 2026
25025 SW 202nd Avenue
6 bed · 3.5 bath · 5,052 sqft · $416/sqft
$375,000 under the asking price
Sold$285,000
Sold · September 16, 2026
20xxx SW 199 Avenue
0 bed · 0 bath
$14,999 under the asking price
Sold$875,000
Sold · September 11, 2026
15941 SW 252nd Street
4 bed · 2 bath · 2,320 sqft · $377/sqft
$105,000 under the asking price
See every recorded sale in ZIP 33031 or find out what your ZIP 33031 home is worth.
