20851 SW 242nd St

Homestead, FL 33031

$979,900
Price
4
Beds
2,010 Sq. Ft.
$488 / Sq. Ft.
2,010
Sq. Ft.
$488
per Sq. Ft.
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a view of a house with a yard
a view of a park with palm trees
a house that has a tree in front of it
a front view of a house with garden
a living room with furniture a chandelier and a chandelier
a living room with furniture and a chandelier
a living room with furniture and a flat screen tv
a living room with furniture a chandelier a large window and a chandelier
a living room with furniture and a chandelier
a kitchen with a sink cabinets and window
a living room with furniture a chandelier and a dining table
a view of a dining room with furniture and chandelier
a living room with furniture flowerpot and window
a living room with furniture a chandelier and a window
a living room with furniture a dining table and a large window
a bedroom with a bed and a dresser
a bedroom with a bed and wooden floor
a bathroom with a granite countertop sink and a mirror
a bathroom with a toilet and a sink
a bedroom with furniture and a chair
a bedroom with a bed and a desk
a bathroom with a sink toilet and shower
a bedroom with a bed and a lamp on dresser
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a backyard of a house with table and chairs
a kitchen with granite countertop lots of counter top space and stainless steel appliances
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a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a bathroom with a sink toilet and shower
a view of backyard of the house
a view of a chairs and table in the patio
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Description

Unique opportunity to own a 1.25-acre property in the desirable Redlands area. The main home offers 4
bedrooms, 2 bathrooms, and even includes a bunker for when there is a strong hurricane. In addition, there is a separate 2-bedroom, 1-bath house which could be an in-law's quarters; a manufactured home with 4 bedrooms and 2 bathrooms; plus 2 trailers on site. This property is currently generating monthly income with the potential to increase further. Perfect for an investor seeking strong cash flow...Unique opportunity to own a 1.25-acre property in the desirable Redlands area. The main home offers 4
bedrooms, 2 bathrooms, and even includes a bunker for when there is a strong hurricane. In addition, there is a separate 2-bedroom, 1-bath house which could be an in-law's quarters; a manufactured home with 4 bedrooms and 2 bathrooms; plus 2 trailers on site. This property is currently generating monthly income with the potential to increase further. Perfect for an investor seeking strong cash flow or an end-user who wants to enjoy the peaceful lifestyle of the Redlands while benefiting from an income-producing property. Ample space for parking, outdoor living, and future improvements such as a pool, etc. A rare find combining rural charm, multiple residences, and consistent income potential. Must see! Please call listing agent for showing.
  1. Listed by Elizabeth Molina • The Keyes Company
    P: (305)-443-7423 C: (305)-586-2121 elizabethmolinarealtor@gmail.com

Property Details for 20851 Southwest 242nd Street

Subdivision
Bonanza Ranchos
Style
R30-No Pool/No Water
Waterfront
No
View
Garden View
Furnished
Unfurnished
Area
68
Num Stories
1
Sq Ft Total
2042
LISTING UPDATED: 01/09/2026 05:19 PM

Property Details for 20851 Southwest 242nd Street

StatusActive
MLS #A11921299
Days on Market236
Taxes$4,315 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeSingle Family / Single
Year Built1990
Lot Size1.25 AC / 54,450 SF
CountyMiami-Dade County
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Location

Listing Courtesy of The Keyes Company
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Building Information for 20851 Southwest 242nd Street

Stories1Year Built1990Building Size-Lot Size1.25 AC / 54,450 SF

Payment Calculator

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$5,294 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,934

Property Taxes

$360

HOA Dues

$0

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Property Information for 20851 Southwest 242nd Street

Location Information
Schools
  • Elementary School: Redland
  • Middle School: Redland
  • Senior High School: South Dade
Location Information
  • Parcel Number Free Text: 30-68-21-000-3990
  • Parcel Number MLX: 3990
  • MLS Area: 68
  • Municipal Code: 30
  • Township Range: 68
  • Section: 21
  • Subdivision Number: 0
  • Subdivision Complex Bldg: Bonanza Ranchos
  • Zoning Information: 8900
  • Development Name: Bonanza Ranchos
  • Manufactured Home Size: 4/2
General Information
Parking
  • Num Garage Spaces: 0
  • Num Carport Spaces: 4
  • Carport Description: Detached
  • Carport Spaces: 4
  • Parking Description: Additional Spaces Available, Other Parking, Unpaved Road
General Information
  • Front Exposure: South
  • Housing Older Persons Act: No HOPA
  • Property Sq Ft: 54450
  • Lot Description: 1 To Less Than 2 Acre Lot
  • Pool: No
  • Design: Detached
  • Design Description: One Story, Ranch
  • Construction: Concrete Block Construction, CBS Construction
  • Construction Type: Concrete Block Construction, CBS Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: Mapquest, Google Maps, Apple Maps
  • Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11921299
Room Information
Room Information
  • Rooms Description: Cottage, Family Room, Separate Guest/In-Law Quarters, Guest House, Other, Storage Room, Workshop
  • Bedroom Description: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub, Primary Bedroom Ground Level
  • Master Bathroom Description: Tub Only
  • Master Bath Features: Tub Only
  • Dining Description: Eat-In Kitchen, Family/Dining Combination, Kitchen Dining, Snack Bar/Counter
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Ceiling Fans, Central Cooling, Electric Cooling
  • Water Description: Well Water
  • Sewer Description: Septic Tank
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: None
  • Guest Accommodations: Yes
  • Guest House Description: 1 Bath, 2 Bedrooms, Kitchen, Living Room, Patio
  • Num Ceiling Fans: 1
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: First Floor Entry, Built-Ins, Other Interior Features, Chandelier To Be Replaced, Split Bedroom, Walk-In Closets
  • Equipment Appliances: Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Gas Range, Refrigerator, Washer
  • Exterior Features: Exterior Lighting, Extra Building/Shed, Fence, Fruit Trees, Hurricane Shutters, Patio, Room For Pool
  • Subdivision Information: No Subdiv/Park Info
  • Storm Protection: Complete Panel Shutters/Awnings
  • Green Energy Efficient: Appliances
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: AH
  • Tax Year: 2025
  • Tax Information: Tax Reflects Homestead Exemption
  • Special Information: As Is

Property History for 20851 Southwest 242nd Street

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

MiamiRE #A11921299

$979,900—
Nov 13, 2025

Cancelled

MiamiRE #A11880737

—
Sep 17, 2025

Price Change

MiamiRE #A11880737

$1,000,000—
DateEvent & SourcePrice
12/01/2025

Listed (Active)

MiamiRE #A11921299

$979,900
11/13/2025

Cancelled

MiamiRE #A11880737

—
09/17/2025

Price Change

MiamiRE #A11880737

$1,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20851 Southwest 242nd Street

Taxable ValueLand-Additions-Total-
Tax Record2025$4,315 ($360 / month)
Home Facts
Beds3Total Finished SqFt1,754 SqFtAbove Grade Finished SqFt1,754 SqFtStories1Lot Size54,450 SqFtStyleSingle Family ResidenceYear Built1990ZoningINTERIM-AWAITCountyMIAMI-DADEAPN30-6821-000-3990

Schools near 20851 Southwest 242nd Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Redland Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Redland Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Redland Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Redland Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 20851 Southwest 242nd Street, Homestead, FL 33031

20851 Southwest 242nd Street is a single family home for sale in Homestead, FL 33031. This property was listed for sale on September 17, 2025 by The Keyes Company, it's currently listed at $979,900. It has been on the market for a total of 236 days and was last sold on May 3, 2001. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Redland Elementary School, Air Base K-8 Center for International Education and Redland Middle School. 20851 Southwest 242nd Street is a 4-bed, 2-bath, 2,010 sqft single family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Keyes Company

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.