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Single Family Residence
$799,000$170 / sqft
24080 SW 212th Ave, Homestead FL 33031
Listed
5
Bedrooms
6
Bathrooms
4,695 sqft
Interior
2024
Year built
None
HOA
Single Family Residence
Type
About this home
RARE BUILDER OPPORTUNITY! Exceptional 1.25-acre lot in desirable Bonanza Ranches, featuring approved Miami-Dade permits and architectural plans for a luxury estate with 5 bedrooms, 6 full bathrooms, with 4,695 Sq Ft of A/C living space and 7,434 of total Sq Ft. Major groundwork is complete, including the concrete slab, underground plumbing, and electrical infrastructure. Purchased impact windows and doors are included in the sale. Newly constructed homes in the area are priced around $2.5 million and up, presenting an attractive opportunity for builders and investors. Conveniently located near Miami International Airport, major highways, and routes toward the Florida Keys and Key West.
Features
- First Floor Entry
- Other
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,040
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,040
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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 $5,000–$20,000.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.