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Single Family Residence
$3,150,000$910 / sqft
20740 SW 248th St, Homestead FL 33031
Listed
5
Bedrooms
4
Bathrooms
3,460 sqft
Interior
1938
Year built
None
HOA
Single Family Residence
Type
About this home
UNIQUE REDLAND ESTATE! Built in the late 1920s, this rare Neo-Classical estate has a storied past as a clandestine gambling and entertainment house frequented by Al Capone. Grand proportions, tiered porches & tropical design define this piece of Old Redland history. Stunning 5BR/4BA two-story home offering privacy, character & endless amenities. Elegant interiors feature wood/tile floors, gold accents, chandeliers, crown molding, fireplaces, shades & blinds. Gourmet kitchen boasts granite counters, white cabinetry w/glass doors, island, gas range, new refrigerator/dishwasher, 2 pantries, wine cooler, marble floor & eat-at counter. Family room & Florida room offer abundant windows, chandeliers, split A/C, fans & pool access. Primary suite features decorative fireplace, walk-in closets, built-ins & luxurious bath with dual sinks, shower, automatic-flush toilet & pool access. Upstairs offers add'l bedrooms, bath, balcony, storage & hobby spaces. Resort-style outdoor living includes pool, gazebo, outdoor kitchen, pizza oven, full bar, 2 BBQs, smoker, shower, basketball court, BBQ pit, dog kennels, chicken coop, 2 stalls & 4 turnouts. Separate 1980 studio/entertainment building includes loft, wet bar & full bath. 12-car garage w/6 automatic doors, 36-camera security system, 50 floodlights, pump house & 1992 barn. Approx. 350–400 mango trees generate ~$12,000 annual income. Plans for additional home valued at $35K convey. Rare Redland offering with room to live, entertain & expand.
Features
- First Floor Entry
- French Doors
- Pantry
- 3 Bedroom Split
- Volume Ceilings
- Walk-In Closet(s)
- Attic
- Family Room
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $4,999–$19,750.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.