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Property profile & analytics
OFF-MARKET
Specialty properties

19900 240Th St Homestead, FL 33031

Property ID
Property summary
AI-generated overview

This exceptional 5-acre property in Homestead, Florida's prime Redland area, presents a unique investment opportunity. Currently boasting a thriving fruit grove featuring Longan, Lychee (Mauritius and Sweetheart varieties), Sugar Apple, Caimito, and Mango trees, this site offers immediate income potential. The property is fully fenced and equipped with an irrigation system, ensuring efficient water management for the existing orchard and future development. Electricity is readily available, and a recently constructed office/storage building provides added functionality and convenience. Located at 19900 SW 240 St, Homestead, FL 33031 (Miami-Dade County), this buildable lot is situated in a highly desirable area. The asking price for this remarkable property is $825,000. Its combination of established income generation and significant development potential makes it an attractive proposition for discerning investors seeking a blend of immediate returns and long-term growth. The property's strategic location and diverse fruit production make it a truly exceptional offering in the vibrant Redland agricultural region.

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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