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    24207 167 Ave Princeton, FL 33032

    Sponsored
    For Sale
    $5,900,000

    Profitable Florida wedding venue & residences.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional $5,900,000 offering presents a rare opportunity to acquire a thriving, award-winning destination wedding and event business in Homestead, Florida, complete with the underlying real estate. Situated in Miami-Dade County at 24207 SW 167th Avenue, 33032, this centrally located property boasts convenient access to major airports and the Florida Keys. The business enjoys a stellar reputation and significant profitability, with substantial potential for future growth across multiple revenue streams. The property includes several attractive venue buildings and residential structures, offering the new owner the flexibility to reside on-site or generate additional income through rentals or Airbnb. The current owner is retiring and will provide valuable assistance with the transition, including comprehensive training. This turnkey operation is ideal for an entrepreneur with a vision to expand upon an already successful foundation. The property is classified as land, retail, residential, and farm. A non-disclosure agreement (NDA) is required before providing the exact property address and detailed business information. This is a truly unique opportunity to own a profitable business and luxurious estate in a prime South Florida location.

    Property Features for 24207 167 Ave

    General Information

    Property type
    Farms

    HighLights

    • $5,900,000 asking price.
    • Land and retail property in Homestead, Florida.
    • Residential and farm subtypes, suitable for business ventures.
    • Profitable, award‑winning wedding and event business included.
    • Multiple buildings offer venue space and residential options.
    • Owner financing transition and training available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Wholesale Shop Hotel & Motel Food Market Accounting Firm Grocery Store Veterinary Clinic Plumbing Service Pet Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3769999
    Latitude
    25.5232393

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    FAQs

    What type of property is this?
    Farm - Profitable Florida wedding venue & residences.
    Where is this farm located?
    The property is located at 24207 167 Ave Princeton, FL.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: $5,900,000 asking price.; Land and retail property in Homestead, Florida.; Residential and farm subtypes, suitable for business ventures.
    Request Owner's contact information
    24207 167 Ave Princeton, FL 33032
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    Princeton, FL 33032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24207 167 Ave Princeton, FL 33032
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