$979,900
20851 SW 242nd Street
Explore the area: Homestead homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $979,900
- Price per sq ft
- $488
- Original price
- $989,900
- Days on market
- 256
This 4-bedroom single-family home in Bonanza Ranchos is listed at $979,900, or $488 per square foot. The asking price has come down 1% from its original $989,900. It has been on the market for 256 days.
Estimated monthly payment
$5,150 /mo
Principal and interest only, based on $195,980 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $979,900
- Days on Site
- 256 Days
- Bedrooms
- 4
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 2,010 sqft
- Total Sq Ft
- 2,042 sqft
- Lot Size
- 1.25 Acres
- Year Built
- 1990
- Property Type
- Single Family
- MLS #
- A11921299
- Property Tax
- $4,315 (2025)
- Subdivision
- Bonanza Ranchos
- Development
- Bonanza Ranchos
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 1990
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Carport / Detached Carport / Unpaved
- Direction Faces
- South
- Lot Size (Acres)
- 1.25
- Living Sq Ft
- 2,010
- Total Sq Ft
- 2,042
- Sewer
- Septic Tank
- Water Source
- Well
- Zoning
- 8900
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Gas Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric
- Flooring
- Tile
- Interior Features
- Breakfast Bar / Built In Features / Bedroom On Main Level / Bathtub / Eat In Kitchen / Family Dining Room / Kitchen Dining Combo / Main Level Primary / Other / Split Bedrooms / Storage / Soaking Tub / Walk In Closets
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Exterior Features
- Lighting / Outdoor Living Area / Room For Pool
- Architectural Style
- Ranch
- Patio & Porch
- Patio
- Lot Features
- One To Two Acres / Fruit Trees
- View
- Garden
Community & HOA
- Association Amenities
- None
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / Other
- Restrictions
- No Restrictions
- MLS Area
- 2680
Schools
- Elementary School
- Redland
- Middle School
- Redland
- High School
- South Dade
About the Community
- Homes for Sale
- 2
- Median List Price
- $814,950
- Median $/Sq Ft
- $488
- Avg Days on Market
- 130
Frequently Asked Questions
- How do I schedule a tour of 20851 SW 242nd Street, Homestead, FL 33031?
- Use the Tour button on this listing to request a showing of 20851 SW 242nd 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 20851 SW 242nd Street, Homestead, FL 33031 still available?
- 20851 SW 242nd Street, Homestead, FL 33031 is currently listed as Active, and has been on the market 256 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 20851 SW 242nd Street, Homestead, FL 33031?
- With 20% down ($195,980) on the $979,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 20851 SW 242nd Street, Homestead, FL 33031 is about $5,150/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 20851 SW 242nd Street, Homestead, FL 33031?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 20851 SW 242nd 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 20851 SW 242nd Street, Homestead, FL 33031?
- 20851 SW 242nd 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 20851 SW 242nd Street, Homestead, FL 33031?
- Often, yes. The right offer on 20851 SW 242nd 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 The Keyes Company
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 June 23, 2026.
$979,900
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Elizabeth Molina, The Keyes Company
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in Bonanza Ranchos
These are the last 3 recorded closings in Bonanza Ranchos, with the price each home actually sold for rather than what it was listed at. They closed at a median of $406 per square foot. The most recent closed on May 11, 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$790,000
Sold · May 11, 2026
23550 SW 214th Place
2 bed · 1 bath · 928 sqft · $851/sqft
Sold$1,370,000
Sold · May 1, 2026
23525 SW 217th Avenue
4 bed · 3.5 bath · 3,377 sqft · $406/sqft
$55,000 under the asking price
Sold$1,450,000
Sold · November 17, 2025
21059 SW 238th Street
5 bed · 4 bath · 3,827 sqft · $379/sqft
$199,000 under the asking price
See every recorded sale in Bonanza Ranchos or find out what your Bonanza Ranchos home is worth.
