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Property profile & analytics
OFF-MARKET
Land

20400 203Rd Ave Miami, FL 33187

Property ID
Property summary
AI-generated overview

This exceptional 5.15-acre parcel of agricultural land is located in Miami-Dade County's desirable Redlands community at 20400 SW 203 Ave, Miami, FL 33187. Currently listed at $850,000, this property presents a unique opportunity for various development possibilities. The land is fully fenced and cleared, simplifying the development process. Its strategic location within the Redlands area offers a blend of agricultural and residential uses. The surrounding area is characterized by farms, nurseries, estate homes, and equestrian properties, creating a tranquil yet accessible environment. The expansive acreage allows for the construction of a substantial estate home while simultaneously accommodating agricultural pursuits such as a nursery or animal husbandry. The property's size and location provide ample space for barns and other outbuildings, making it ideal for those seeking a blend of rural living and agricultural endeavors. Given the increasing scarcity of available lots in this sought-after location, this property represents a compelling investment opportunity for discerning buyers seeking a prime piece of land in the Redlands. The property's cleared and fenced status further enhances its appeal, minimizing initial development costs and expediting the construction process. Don't miss this chance to secure a remarkable piece of land in a thriving agricultural community.

Property profile
Verified
Property type Land
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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