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15150 SW 240th St, Homestead FL 33032
About this home
Welcome to Avocado Estate, a rare opportunity to own 5 acres of prime land in the heart of Miami’s Redlands.This expansive property offers endless development potential and the freedom to create a truly custom lifestyle estate. Ideal for equestrian enthusiasts, agricultural use, or a private family compound, the land provides ample space for stables, riding arenas, guest homes, padel or tennis courts, and lush, resort-style gardens. Surrounded by open skies and mature greenery, Avocado Estate delivers privacy, tranquility, and a connection to nature—while still being within convenient reach of Miami’s urban core. Whether you envision a luxury countryside retreat, a multi-generational compound, or a unique recreational estate, this property serves as a blank canvas for your vision. With its generous acreage, versatile zoning, and iconic Redlands setting, Avocado Estate is a rare offering where lifestyle, land, and long-term value converge.
Features
- First Floor Entry
- Other
- Lighting
- Fruit Trees
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $11,099
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.