280 St Homestead Homestead, FL 33031
- Specialty properties
- 15.40 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 280 St Homestead
- Lot size
- 15.40 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional 15.4-acre (±670,606 sq ft) property in Homestead, Florida, presents a unique investment opportunity. Located at the Northwest corner of Krome Ave and SW 280th St, this land boasts frontage on Krome Ave and is zoned AU (Agricultural) & EU-1 (Estates-1 acre), offering flexibility for various uses. Currently utilized for farming, the property's potential extends to residential estate development, given the proximity to upscale housing developments with homes exceeding $600,000. The site features two lots (6.56 acres and 8.83 acres) totaling approximately 15.4 acres, and includes on-site well water. Lease options are available at $0.27/sq ft ($15,904/month or $181,122.48 annually for the entire 15.4 acres), with lease terms negotiable. Sale is also possible, with recent comparable sales ranging from $125,000 to $250,000 per acre. This prime location in the Redlands/Homestead submarket of Miami-Dade County offers significant upside potential through leasing, sale, or redevelopment. The property's APN is 30-6836-000-0550 & 30-6836-000-0551. This is one of the larger land parcels in the area, making it an attractive investment for both short-term and long-term growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4777
- Latitude
- 25.5074
