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OFF-MARKET
Specialty properties

173XX 277Th St Homestead, FL 33031

Property ID
Property summary
AI-generated overview

This exceptional 10-acre property located at 173XX S 277 Street, Homestead, Florida 33031, presents a unique investment opportunity. Currently operating as a meticulously maintained longan grove, this fully fenced orchard boasts approximately 710 mature longan trees, ensuring a consistent income stream. The property features a comprehensive irrigation system, vital for optimal tree health and productivity. Situated within the Urban Development Boundary (UDB) of Miami-Dade County, this location offers significant potential for future development, while also benefiting from its proximity to upscale residential areas. The asking price for this remarkable property is $5,000,000. The property's geographical coordinates are 25.5091289 latitude and -80.470326 longitude. Given its established income generation and strategic location, this longan grove represents a compelling investment in Florida's thriving agricultural and real estate markets. The property's special purpose designation reflects its current use and potential for future development within the established guidelines of Miami-Dade County. Serious inquiries are encouraged to explore this rare opportunity.

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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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