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18950 SW 240th St, Homestead, FL, 33031

5beds
4baths
3,391sqft
$1,095,000
$323price/sqft
$7,787/moest. monthly cost
$311,480/yrincome needed

About This Home

PRESENTED FOR IMMEDIATE SALE! THIS RARE OPPORTUNITY IS NESTLED AMONGST THE OPEN AIR OF THE MIAMI DADE COUNTY REDLAND NEIGHBORHOOD. HERE WE HAVE AN EXCEPTIONAL PRIVATE COUNTRY ESTATE WHICH FEATURES A LARGE TWO STORY FIVE-BEDROOM 3.5 BATH HOME WITH A ONE CAR GARAGE. TWIN MASTER BEDROOMS (UPSTAIRS AND DOWNSTAIR RESPECTIVELY) AND TWO GROUND FLOOR LIVING ROOMS ON WOOD FLOORS THAT EXTEND THROUGH THE UPDATED KITCHEN INTO THE SEPARATE DINING ROOM. A MAGNIFICENT SECOND STORY BALCONY AMONGST THE TREE TOPS AND THE LOVELY BACK PORCH FRAMED BY FOLIAGE ARE RESPECTIVELY PERFECT FOR STARGAZING AND ENTERTAINING. COME FEEL THE PEACE AND TRANQUILITY OF THE MATURE LYCHEE GROVE THAT PROVIDES ANNUAL INCOME AND AGRICULTURAL PROPERTY TAX DISCOUNT. IT IS AN ISLAND OF PARADISE ON NEARLY AN ACRE OF LAND WITH SPACE-ENOUGH FOR BOAT, RV, HORSES, ETC. NO HOA TO HARASS YOU AND NO CDD ON YOUR TAX BILL! PROPERTY IS OCCUPIED. SHOWINGS ARE LIMITED TO SERIOUSLY INTERESTED BUYERS, ESCORTED BY LICENSED REALTOR, OR PROPERTY MANAGER. BUYERS MUST DEMONSTRATE MORTGAGE PRE-QUALIFICATION OR PROOF OF FUNDS PRIOR TO SCHEDULING APPOINTMENT FOR A TOUR OF THE PROPERTY. TEXT MICHAEL FOR MORE PHOTOS, VIDEO FOOTAGE, AND GREATER DETAILS.

Getting Around

8
WalkingCar-Dependent
0
TransitNo Nearby Transit
33
BikeSomewhat Bikeable

Schools

4/10
Redland Elementary SchoolGrades PK-53.0 mi
5/10
Redland Middle SchoolGrades 6-83.0 mi
3/10

Construction

Condition

  • Year built: 1962

Materials

  • Roof: Shingle
  • Construction materials: Concrete Block Construction,Frame,Other,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater,Microwave,Other,Electric Range,Refrigerator
  • Laundry features: In Garage,Washer/Dryer Hook-Up

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Closet Cabinetry,Other,Pantry,Split Bedroom,Walk-In Closet(s),Maid/In-Law Quarters
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,462
  • Total interior livable area: 3,391 sqft

Property

Details

  • Parcel number: 3068230000512
  • Zoning: 2300
  • Other equipment: Other

Features

  • Stories: 2
  • Entry location: First Floor Entry
  • Pool features: R30-No Pool/No Water
  • Patio & porch: Deck,Patio
  • Exterior features: Balcony
  • Fencing: Fenced
  • Has view: Yes
  • View description: Garden
  • Residential vegetation: Fruit Trees
  • Horses can be raised: Yes

Lot

  • Lot size: 0.97 Acres
  • Features: 3/4 To Less Than 1 Acre Lot

Parking

  • Total spaces: 1
  • Parking features: Additional Spaces Available,Driveway,Other,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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
  • Coastal Flooding
    Coastal FloodingModerate
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hurricane
Inland Flooding
Coastal Flooding
Drought
Heat Wave
Wildfire
Tsunami

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 $5,536$66,432
Home Insurance *$150$1,800
Property Taxes $1,760$21,120
Electricity $341$4,095
Total$7,787$93,444
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$266,982/yr
40% on housing$233,610/yr
45% on housing$207,653/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

$323This listing

vs Other Active Listings

Avg $/sqft

ZIP 33031$645
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
2026-05-09Listed for sale$1,095,000
2026-04-28Listed for rent$5,000
2025-09-19Listing removed$889,000
2025-09-08Listing removed$4,600
2025-08-20Price change$889,000
2025-08-09Price change$4,600
2025-08-07Price change$884,500
2025-07-25Listed for rent$4,800
2025-07-18Price change$879,500
2025-06-17Price change$899,995
2025-06-01Price change$925,000
2025-05-02Price change$939,000
2025-04-14Listed for sale$949,000
2024-12-26Listing removed$894,000
2024-10-25Price change$894,000
2024-09-30Price change$895,000
2024-06-18Listed for sale$950,000
2024-06-12Listing removed--
2024-04-12Price change$1,045,000
2024-03-19Price change$1,049,000
2024-02-15Price change$1,094,000
2023-11-01Listed for sale$1,095,000
2023-05-01Listing removed--
2015-03-09Sold$500,000
2001-07-03Sold$350,000

For Sale by Agent

AgentMichael Martin
BrokerageCW Real Estate

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