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    19900 240Th St Homestead, FL 33031

    • Specialty properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 19900 240Th St

    Property type
    Specialty properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.5138
    Latitude
    25.5429

    Comparable in this City

    • Value Estimation by Request

      240Th St

      Specialty properties
      0 240Th St, Homestead, FL 33031
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    • Value Estimation by Request
      15.40 Acres

      280 St Homestead

      Farms • 15.40 Acres
      280 St Homestead, Homestead, FL 33031
      View Details
    • Value Estimation by Request

      173XX 277Th St

      Specialty properties
      173XX 277Th St, Homestead, FL 33031
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    • Value Estimation by Request

      164XX 248Th St

      Specialty properties
      164XX 248Th St, Homestead, FL 33031
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    • Value Estimation by Request

      248XX 227Th Ave

      Specialty properties
      248XX 227Th Ave, Homestead, FL 33031
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    • Value Estimation by Request

      24300 162Nd Ave

      Specialty properties
      24300 162Nd Ave, Homestead, FL 33031
      View Details

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    19900 240Th St
    Homestead, FL 33031
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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
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