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20791 SW 240th St, Homestead, FL, 33031

4beds
3baths
5,158sqft
$1,280,000
$248price/sqft
$9,048/moest. monthly cost
$361,920/yrincome needed

About This Home

Beautiful ranch-style home in Bonanza Ranch Estates. Main house is 4/2 with an enclosed a/c garage and two formal dining and living areas with a huge master-bedroom, a custom walk-in closet, and his and her shower and vanities. Hurricane shutters on every window and impact doors.guardian gas generator. tankless water heater. washer & dryer. wood cabinets with cordian tops and stainless steel appliances. Terrace outside of master bedroom with jacuzzi.Water softener and sprinkler system. alarm and cameras.Two separate in-law quarters that are being rented for extra income in the rear of the property for a combined of $2500.00 per month. The roof was replaced 8 years ago. pool with jacuzzi. must see to appreciate. The owner is very motivated. This beauty wouldn't last.

Getting Around

6
WalkingCar-Dependent
0
TransitNo Nearby Transit
27
BikeSomewhat Bikeable

Schools

4/10
Redland Elementary SchoolGrades PK-54.8 mi
5/10
Redland Middle SchoolGrades 6-84.8 mi
3/10
South Dade Senior High SchoolGrades PK,9-125.2 mi

Construction

Condition

  • Year built: 1982

Materials

  • Roof: Composition Roll,Shingle
  • Construction materials: Concrete Block Construction,CBS Construction

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bottled Gas,Disposal,Dryer,Electric Range,Electric Water Heater,Microwave,Refrigerator,Self Cleaning Oven,Trash Compactor,Oven,Washer,Water Softener Owned
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Closet Cabinetry,Split Bedroom,Walk-In Closet(s),Separate Guest/In-Law Quarters,Storage
  • Window features: Hurricane Shutters
  • Flooring: Ceramic Tile,Concrete,Marble,Tile
  • Fireplace features: Decorative
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 5,966
  • Total interior livable area: 5,158 sqft

Property

Details

  • Parcel number: 3068210001250
  • Zoning: 8900

Features

  • Stories: 1
  • Entry location: First Floor Entry
  • Private pool: Yes
  • Pool features: Concrete,Equipment Stays,Pool/Spa Combo,Pool Only
  • Patio & porch: Awning(s),Patio
  • Exterior features: Lighting
  • Fencing: Fenced
  • Has view: Yes
  • View description: Garden,Pool
  • Residential vegetation: Fruit Trees
  • Horses can be raised: Yes

Lot

  • Lot size: 1.25 Acres
  • Features: 1 To Less Than 2 Acre Lot

Parking

  • Total spaces: 2
  • Parking features: Covered,Driveway,Rv/Boat Parking,Converted Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Hurricane
    HurricaneVery High
  • Inland Flooding
    Inland FloodingVery High
  • Drought
    DroughtRelatively High
  • Wildfire
    WildfireRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Inland Flooding
Drought
Wildfire
Coastal Flooding
Hail
Heat Wave
Lightning
Tornado

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,472$77,664
Home Insurance *$176$2,112
Property Taxes $1,881$22,572
Electricity $519$6,229
Total$9,048$108,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$310,217/yr
40% on housing$271,440/yr
45% on housing$241,280/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$248This listing

vs Other Active Listings

Avg $/sqft

ZIP 33031$647
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33031$443
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Price change$1,240,000
2026-06-28Listed for sale$1,280,000
2024-03-22Sold$970,000
2024-02-11Contingent$1,099,000
2024-02-10Price change$1,099,000
2024-02-03Price change$1,149,000
2024-01-13Price change$1,150,000
2024-01-10Price change$1,268,000
2024-01-08Price change$1,269,000
2024-01-02Price change$1,270,000
2023-11-02Price change$1,275,000
2023-10-24Listed for sale$1,350,000

For Sale by Agent

AgentLuis Fonte
BrokerageFonte Realty & Investments LLC

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