11497 SW 242nd St, Homestead, FL 33032 — MLS photo

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11497 SW 242nd St, Homestead, FL 33032

Active · SingleFamilyResidence

$599,000

11497 SW 242nd St, Homestead, FL 33032

Beds
4
Baths
3
Living area
2,437 sq ft
$ / sq ft
$246/sq ft
Year built
2013
Lot size
6,070 sq ft
HOA fee
$80 Monthly
Annual tax
$10,405

About this property

This property qualify for down payment assistance, buy this property with less than $10,000.00. Stunning 4-bedroom, 3-bathroom home built in 2013, perfectly positioned on a premium corner lot in Homestead near Exit 9 of the Florida Turnpike. The corner location offers exceptional backyard access—ideal for entertaining, parking, or future enhancements. Located in a beautiful and family-friendly community with an incredibly low HOA of just $80/month, residents enjoy resort-style amenities including a clubhouse, swimming pool, tennis courts, and basketball courts. Prime location just minutes from top schools, hospitals, restaurants, and shopping, with quick access to US-1 and the Turnpike for an easy commute. This is a rare opportunity to own a spacious, well-located home that combines comfort, convenience, and lifestyle. Perfect for families or savvy buyers looking for value and location.

Property location

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11497 SW 242nd St, Homestead, FL 33032

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
2,437 sq ft
Flooring
Other, Tile, Vinyl
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Breakfast Area, Dining Area, Separate Formal Dining Room, Living Dining Room, Other

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2013
Lot size
6,070 sq ft
Architectural style
Detached, Two Story
Roof
Other, Spanish Tile
Construction
Block, Other
Exterior features
Fence, Other
Pool
None
View
Garden

Parking

Garage spaces
2
Covered spaces
2
Parking features
Driveway

HOA, Community & Financials

Association fee
$80 Monthly
Pets allowed
Size Limit, Yes
Annual tax
$10,405
Subdivision
SILVER PALM EAST SEC FOUR
County
Miami-Dade
Days on market
216
MLS listing ID
A11986697
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

$1,295

Cap rate
8.3%
Net yield
8.3%
Cash-on-cash return
9.3%
Gross yield
12.1%
Mortgage payment
$2,840/mo
Down payment
$149,750
Loan amount
$449,250
Annual NOI
$49,609

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