Silver Palm East Neighbor
12495 SW 240th St, Homestead FL 33032
6 beds · 3 baths · 2,909 ft²
6
Bedrooms
3
Bathrooms
2,909
Sq. Ft.
1959
Year Built
139
Days on Market
Description
Prime 2.24-acre development opportunity in unincorporated Miami-Dade, just 1/2 mile from the new SMART Plan Kendall Corridor (Rapid Bus Transit on US-1). Currently zoned multi-family (2–9 units) with 2 existing homes: a 4BR/2BA main house featuring tile floors, stainless steel appliances, large eat-in kitchen, living, dining, family, and laundry rooms; plus an 817 sq ft 2BR/1BA guest house with kitchen, living, dining, and den—currently tenant-occupied for income. Potential to rezone for luxury homes, townhomes, or apartments/condos. Each home has its own well and septic, plus a separate irrigation well. Sold AS-IS.
Facts
- MLS#
- A11880917
- Subdivision
- Silver Palm East Neighbor
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 97,574 ft²
- Sq. Ft.
- 2,909 ft²
- Sq. Mt.
- 270 m²
- Price per sq. ft.
- $533/ft²
- Price per sq. mt.
- $5,741/m²
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 139 days
- Listed
- Sep 23, 2025
- Last Updated
- Jun 11, 2026
- Price/Lot Sq.Ft.
- $16/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Homestead
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
25
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).
| 6/11/2026 | Sold | $1,550,000 |
| 1/27/2026 | Price change | $1,550,000+3.3% |
| 9/23/2025 | Listed for sale | $1,500,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$9,691/mo
Principal & Interest
$8,250
Property Tax
$1,292
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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