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OFF-MARKET
Specialty properties

23400 209 Pl Homestead, FL 33031

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Property summary
AI-generated overview

This exceptional 1.4-acre property in Miami-Dade County's Redland agricultural community presents a unique investment opportunity. Located on a paved road in a farming and equestrian area, this buildable lot offers significant potential for various agricultural uses, including a tree farm, nursery, or horse barns. The property is situated in unincorporated Miami-Dade County, outside the city limits of Homestead, avoiding city taxes and water bills. Underground FPL power is being installed, and the property utilizes well water and septic systems. The location offers a tranquil setting between Biscayne National Park and the Everglades, providing convenient access to both natural beauty and recreational amenities. The property's zoning allows for the construction of a main house, guest house, horse barn, workshop, or nursery, among other agricultural-related structures. Nearby, new homes are selling for $1.35 million to $1.45 million, highlighting the area's strong real estate market. A county park with a playground and basketball courts is also conveniently located nearby. Priced at $445,000, this property represents an exceptional value for its size, location, and development potential. The address is 23400 SW 209th Pl, Homestead, FL 33031.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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