Bonanza Ranchos

20851 SW 242nd St, Homestead FL 33031

4 beds · 2 baths · 2,010 ft²

For Sale · Active Listing

$979,900

1.01%

Est. Payment $5,215/mo

MLS Sheet Video

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

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

May 2026

100/100
Buyers marketSellers market

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).

1/9/2026Price change$979,900-1.0%
9/17/2025Listed 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

20851 SW 242nd St, Homestead FL 33031Directions

GreatSchools Summary Ratings

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

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$6,182/mo

Principal & Interest

$5,215

Property Tax

$817

Insurance

$150

HOA

$0

20% ($195,980)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$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

Rangely Adames

Sales Associate | Sunland Group

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