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Single Family Residence
$2,195,000$921 / sqft
15150 SW 240th St, Homestead FL 33032
Listed
4
Bedrooms
2
Bathrooms
2,383 sqft
Interior
2017
Year built
None
HOA
Single Family Residence
Type
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
$11,099
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.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.