15150 SW 240th St, Homestead, FL 33032 — MLS photo

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15150 SW 240th St, Homestead, FL 33032

Active · SingleFamilyResidence

$2,195,000

15150 SW 240th St, Homestead, FL 33032

Beds
4
Baths
2
Living area
2,383 sq ft
$ / sq ft
$921/sq ft
Year built
2017
Lot size
217,800 sq ft
HOA fee
—
Annual tax
$6,518

About this property

Welcome to Avocado Estate, a rare opportunity to own 5 acres of prime land in the heart of Miami’s Redlands.This expansive property offers endless development potential and the freedom to create a truly custom lifestyle estate. Ideal for equestrian enthusiasts, agricultural use, or a private family compound, the land provides ample space for stables, riding arenas, guest homes, padel or tennis courts, and lush, resort-style gardens. Surrounded by open skies and mature greenery, Avocado Estate delivers privacy, tranquility, and a connection to nature—while still being within convenient reach of Miami’s urban core. Whether you envision a luxury countryside retreat, a multi-generational compound, or a unique recreational estate, this property serves as a blank canvas for your vision. With its generous acreage, versatile zoning, and iconic Redlands setting, Avocado Estate is a rare offering where lifestyle, land, and long-term value converge.

Property location

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15150 SW 240th St, Homestead, FL 33032

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Facts & features

Interior

Bedrooms
4
Bathrooms
2
Living area
2,383 sq ft
Flooring
Other
Appliances
Dryer, Dishwasher, Disposal, Microwave, Other, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2017
Lot size
217,800 sq ft
Architectural style
Detached, Ranch, One Story
Roof
Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Fruit Trees, Lighting, Patio
Pool
In Ground, Pool
View
None

Parking

Garage spaces
2
Covered spaces
2
Parking features
Driveway

HOA, Community & Financials

Annual tax
$6,518
Subdivision
Silver Palm
County
Miami-Dade
Days on market
277
MLS listing ID
A11945849
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,936

Cap rate
4.1%
Net yield
4.1%
Cash-on-cash return
-5.7%
Gross yield
5.6%
Mortgage payment
$10,405/mo
Down payment
$548,750
Loan amount
$1,646,250
Annual NOI
$89,638

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.