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20975 SW 264th St, Homestead, FL, 33031

7beds
6baths
6,421sqft
$1,699,999
$265price/sqft
$12,158/moest. monthly cost
$486,320/yrincome needed

About This Home

Welcome to 20975 SW 264th Street in Homestead, Florida, a unique opportunity to own agriculturally zoned land just 50 minutes south of Miami. Set on nearly 5 acres, this versatile property offers the rare ability to live and earn from the land you own — ideal for farming, specialty crops, or a small produce operation. The property features a spacious primary residence with 3 bedrooms and 2 bathrooms, designed for comfortable everyday living. A separate guest house with pool provides exceptional flexibility and income-generating potential, offering up to 5 additional bedrooms for rental use, extended family, or vacation stays. Enjoy a lifestyle that blends residential comfort with entrepreneurial opportunity — relax poolside, cultivate your own produce, and host guests all in one setting. This is Homestead living at its best, combining space, flexibility, and long-term potential in one of South Florida’s most sought-after agricultural communities.

Getting Around

10
WalkingCar-Dependent
0
TransitNo Nearby Transit
30
BikeSomewhat Bikeable

Schools

4/10
Redland Elementary SchoolGrades PK-55.1 mi
5/10
Redland Middle SchoolGrades 6-85.1 mi
3/10

Construction

Condition

  • Year built: 1972

Materials

  • Roof: Aluminum,Shingle
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Washer

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Cottage
  • Flooring: Tile,Wood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,197
  • Total interior livable area: 6,421 sqft

Property

Details

  • Parcel number: 3068280002370
  • Zoning: 8900
  • Horse amenities: Barn &/Or Stalls

Features

  • Stories: 1
  • Entry location: First Floor Entry
  • Private pool: Yes
  • Pool features: In Ground,Pool Only
  • Patio & porch: Deck,Patio,Screened Porch
  • Has view: Yes
  • View description: Garden
  • Residential vegetation: Fruit Trees

Lot

  • Lot size: 4.58 Acres
  • Features: 4 To Less Than 5 Acre Lot

Parking

  • Total spaces: 7
  • Parking features: Additional Spaces Available,Driveway
  • Has garage: Yes
  • Attached garage spaces: 7
  • Covered spaces: 7
  • 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 $8,596$103,152
Home Insurance *$234$2,808
Property Taxes $2,682$32,184
Electricity $646$7,754
Total$12,158$145,896
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$416,845/yr
40% on housing$364,740/yr
45% on housing$324,213/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

$265This 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)

No zestimate history available

Price History

DateEventPrice
2026-01-28Listed for sale$1,750,000
2026-01-21Listing removed--
2025-12-23Price change$1,650,000
2025-09-22Listed for sale$1,800,000
2025-09-21Listing removed$1,800,000
2025-08-01Listed for sale$1,800,000
2025-08-01Listing removed$1,800,000
2025-05-07Price change$1,800,000
2025-03-22Listed for sale$1,750,000
2025-03-22Listing removed$1,750,000
2025-01-19Listed for sale$1,750,000
2025-01-18Listing removed--
2024-10-20Listed for sale$1,750,000
2023-07-08Listing removed--
2023-01-23Listing removed$1,499,000
2023-01-20Listed for sale$1,499,000
2022-08-08Listing removed--
2022-07-23Listed for sale$1,650,000
2022-06-30Listing removed--
2022-05-04Listed for sale$1,650,000
2022-04-30Listing removed--
2021-12-06Listed for sale$1,650,000
2013-09-13Sold$285,000
2012-10-23Sold$10,100
2005-06-16Sold$870,000
2001-08-14Sold$460,000

For Sale by Agent

AgentDaniel Dinov
BrokerageReal Broker LLC

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