Bonanza Ranch Estates

20707 SW 240th St, Homestead FL 33031

2 beds · 2 baths · 1,386 ft²

Closed

$789,900

4.83%

Est. Payment $4,204/mo

MLS Sheet Video

Bedrooms

Bathrooms

1,386

Sq. Ft.

2000

Year Built

Days on Market

Description

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.

Facts

MLS#: A11801240
Subdivision: Bonanza Ranch Estates
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 2000
Lot Size: 56,628 ft²
Sq. Ft.: 1,386 ft²
Sq. Mt.: 129 m²
Price per sq. ft.: $570/ft²
Price per sq. mt.: $6,123/m²
Stories: —
Garage: —
Pool: —
Days on Market: 77 days
Listed: May 12, 2025
Last Updated: Oct 7, 2025
Price/Lot Sq.Ft.: $14/ft²

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Market insights for Homestead

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

10/7/2025	Sold	$789,900
7/16/2025	Price change	$789,900-4.8%
5/12/2025	Listed for sale	$830,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

20707 SW 240th St, Homestead FL 33031Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

English Spanish International
12 · private · 0.1 mi
Sunflowers Preschool
UG · private · 0.2 mi
Crystal Academy Primary School CAPS Intern
UG · private · 0.4 mi
Ica Learning Centers of Americ
UG · private · 0.4 mi
Auburndale Elementary School
PK,KG,1,2,3,4,5 · public · 0.5 mi
Kinloch Park Elementary School
PK,KG,1,2,3,4,5 · public · 0.8 mi
Coral Gables Preparatory Academy
PK,KG,1,2,3,4,5,6,7,8 · public · 0.8 mi
Kinloch Park Middle School
6,7,8 · public · 0.9 mi
Sunflowers Academy
KG,1,2,3,4,5,6,7,8 · private · 0.9 mi
Jose Marti School #2
4,5,6,7,8 · private · 0.9 mi

Estimated Monthly Payment

$5,012/mo

Principal & Interest

$4,204

Property Tax

$658

Insurance

$150

HOA

Down Payment20% ($157,980)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

Hablo Español

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