Bonanza Ranchos
20851 SW 242nd St, Homestead FL 33031
4 beds · 2 baths · 2,010 ft²
4
Bedrooms
2
Bathrooms
2,010
Sq. Ft.
1990
Year Built
114
Days on Market
Description
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.
Facts
- MLS#
- A11921299
- Subdivision
- Bonanza Ranchos
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 54,450 ft²
- Sq. Ft.
- 2,010 ft²
- Sq. Mt.
- 187 m²
- Price per sq. ft.
- $488/ft²
- Price per sq. mt.
- $5,240/m²
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 114 days
- Listed
- Sep 17, 2025
- Last Updated
- Jan 9, 2026
- Price/Lot Sq.Ft.
- $18/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
65
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).
| 1/9/2026 | Price change | $979,900-1.0% |
| 9/17/2025 | Listed for sale | $989,900 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Phyllis R. Miller Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.2 mi
The French American School of MiamiPK,KG,1,2,3,4,5 · private · 0.3 mi
Children's Village Montessori School & Daycare CenterPK,KG · private · 0.3 mi
Childrens Village MontessoriPK,KG · private · 0.3 mi
Tangerine Learning Center LLCPK,KG,1,2,5 · private · 0.5 mi
Archdiocese of Miami Virtual Catholic SchoolKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.6 mi
Miami Shores Presbyterian Church SchoolPK,TK,KG,1,2,3,4,5 · private · 0.8 mi
Bola Childcare Learning Center2,3 · private · 0.8 mi
Yvonne Learning CenterPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
Miami Shores Community Church SchoolPK,TK,KG,1,2,3,4,5 · private · 1.0 mi
Estimated Monthly Payment
$6,182/mo
Principal & Interest
$5,215
Property Tax
$817
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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