$1,150,000
20791 SW 240th Street
BONANZA RANCH ESTATE
Explore the area: Homestead homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,150,000
- Price per sq ft
- $223
- Vs. nearby sales
- 40.8% below
- Days on market
- 104
This 4-bedroom single-family home in ZIP 33031 is listed at $1,150,000, or $223 per square foot. The asking price has come down 10.2% from its original $1,280,000. It has been on the market for 104 days. The 3 most recent single-family home sales in the closings shown below sold at a median of $377 per square foot, so the asking price is 40.8% below what comparable homes here actually sold for.
Estimated monthly payment
$6,044 /mo
Principal and interest only, based on $230,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,150,000
- Days on Site
- 104 Days
- Bedrooms
- 4
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 5,158 sqft
- Total Sq Ft
- 5,966 sqft
- Lot Size
- 1.25 Acres
- Year Built
- 1982
- Property Type
- Single Family
- MLS #
- A12044562
- Property Tax
- $14,260 (2025)
- Subdivision
- BONANZA RANCH ESTATE
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
REDLAND ESTATE ON 1.25 ACRES WITH INCOME POTENTIAL! Discover spacious South Florida Living on this beautiful 1.25-acre property in the highly desirable Redland area. Offering approximately 5,158 total square feet, this unique property combines privacy, space, and flexibility with two separate in-law quarters currently producing approximately $2500 per month in rental income. The property features a private pool and jacuzzi, generator, spacious primary suite, and plenty of room for entertaining and enjoying the South Florida lifestyle. Main house is 4/2 with an enclosed a/c garage and two formal dining and living areas with a huge master bedroom, a custom walk-in closet, and his-and-hers shower and vanities. Hurricane shutters on every window and impact doors.Guardian gas generator. Tankless water heater. Washer & dryer. Wood cabinets with Corian tops and stainless steel appliances. Terrace outside of master bedroom with jacuzzi.Water softener and sprinkler system. Alarm and cameras. The roof was replaced 8 years ago. The expansive property provides room for boats and recreational vehicles, making it ideal for buyers looking for the space and freedom that are increasingly difficult to find in Miami-Dade County. Whether you're looking for a primary residence, multigenerational living, or a property with additional income potential, this Redland Estate offers an exceptional combination of acreage, versatility, and value. The owner is very motivated. Offered at $1,150,000
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 1982
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Parking
- Boat / Covered / Driveway / Rv Access Parking
- Direction Faces
- South
- Lot Size (Acres)
- 1.25
- Living Sq Ft
- 5,158
- Total Sq Ft
- 5,966
- Sewer
- Septic Tank
- Water Source
- Well
- Zoning
- 8900
Interior Features
- Appliances
- Dryer / Electric Range / Electric Water Heater / Disposal / Microwave / Oven / Refrigerator / Water Softener / Trash Compactor / Washer
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric
- Flooring
- Concrete / Ceramic Tile / Marble / Tile
- Fireplace
- Yes
- Interior Features
- Bedroom On Main Level / Closet Cabinetry / Main Level Primary / Sitting Area In Primary / Split Bedrooms / Storage / Separate Shower / Walk In Closets
- Total Rooms
- 5
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Shingle
- Exterior Features
- Awnings / Lighting / Outdoor Living Area
- Architectural Style
- Ranch
- Private Pool
- Yes
- Pool Features
- Concrete / Pool Equipment / Pool Spa Combo
- Patio & Porch
- Patio
- Lot Features
- One To Two Acres / Fruit Trees
- View
- Garden / Pool
Community & HOA
- Association Amenities
- Gated
- Community Features
- Equestrian Facilities
- Security
- Security System
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- No Restrictions
- MLS Area
- 2680
Schools
- Elementary School
- Redland
- Middle School
- Redland
- High School
- South Dade
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 20791 SW 240th Street, Homestead, FL 33031?
- Use the Tour button on this listing to request a showing of 20791 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 20791 SW 240th Street, Homestead, FL 33031 still available?
- 20791 SW 240th Street, Homestead, FL 33031 is currently listed as Active, and has been on the market 104 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 20791 SW 240th Street, Homestead, FL 33031?
- With 20% down ($230,000) on the $1,150,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 20791 SW 240th Street, Homestead, FL 33031 is about $6,044/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 20791 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 20791 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.
- What schools serve 20791 SW 240th Street, Homestead, FL 33031?
- 20791 SW 240th Street, Homestead, FL 33031 is zoned for Redland (elementary), Redland (middle), South Dade (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 20791 SW 240th Street, Homestead, FL 33031?
- Often, yes. The right offer on 20791 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 Fonte Realty & Investments LLC
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 3, 2026.
$1,150,000
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Listed by Luis A Fonte, Fonte Realty & Investments LLC
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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.
