19900 240Th St Homestead, FL 33031
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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