$485,000
Sold · March 1, 2026
20995 SW 240th Street
Bonanza Rhos
Explore the area: Homestead homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $485,000
- Vs. list price
- 9.3% under
- Days on market
- 175
- Price per sq ft
- N/A
This lot in ZIP 33031 sold for $485,000 on March 1, 2026. That was 9.3% below its final list price of $535,000. It first came on the market at $550,000, so the price was adjusted before it sold. It spent 175 days on the market.
Listing Snapshot
- Sold Price
- $485,000
- Sold On
- March 1, 2026
- Days on Site
- 175 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 1.25 Acres
- Property Type
- Land
- MLS #
- A11854446
- Property Tax
- $3,018 (2024)
- Subdivision
- Bonanza Rhos
- County
- Miami Dade
- Status
- Sold
About This Property
Property includes water, septic, electric service, and two wells. Features a 50 amp RV hookup, 40 ft shipping container, and a 35 ft metal roof structure on gravel foundation. Entire lot is secured with fencing and surrounded by lush, mature trees, adding privacy and natural beauty.Zoned Agricultural and Residential, offering multiple use options for a custom home, agricultural development, or both. Currently leased to an operating nursery, providing immediate rental income. An agricultural exemption is in place, significantly lowering property taxes. No HOA. Cleared and ready for use. Excellent opportunity for investors, nurseries, or those seeking rural living with infrastructure already in place.
General Features
- Property Type
- Land
- Status
- Sold
- Property Condition
- To Be Built
- Direction Faces
- West
- Lot Size (Acres)
- 1.25
- Sewer
- Septic Tank
- Water Source
- Well
- Zoning
- 8900
Exterior Features
- Lot Features
- Cleared
Community & HOA
- Financing Terms
- Cash / Owner Will Carry
- 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 20995 SW 240th Street, Homestead, FL 33031?
- Use the Tour button on this listing to request a showing of 20995 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 20995 SW 240th Street, Homestead, FL 33031 still available?
- 20995 SW 240th Street, Homestead, FL 33031 is currently listed as Sold, and has been on the market 175 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 20995 SW 240th Street, Homestead, FL 33031?
- With 20% down ($107,000) on the $535,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 20995 SW 240th Street, Homestead, FL 33031 is about $2,812/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 20995 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 20995 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 20995 SW 240th Street, Homestead, FL 33031?
- 20995 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 20995 SW 240th Street, Homestead, FL 33031?
- Often, yes. The right offer on 20995 SW 240th Street, Homestead, FL 33031 depends on how it's priced against comparable land 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 Beycome of Florida 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 1, 2026.
$485,000
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Listed by Steven Koleno, Beycome of Florida 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.
