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Single Family Residence
$3,000,000$1,093 / sqft
29415 SW 197th Ave, Homestead FL 33030
Listed
4
Bedrooms
3
Bathrooms
2,745 sqft
Interior
2013
Year built
None
HOA
Single Family Residence
Type
About this home
Discover this exceptional estate in Miami’s sought-after Redland area, offering privacy, space, and the perfect blend of luxury and South Florida living. Built in 2013, this residence features a desirable split-bedroom layout, clay tile roof, impact windows, porcelain flooring, granite countertops, wood cabinetry, and a gas stove. The outdoor setting is ideal for entertaining with a saltwater pool, tiki hut, outdoor grill, and expansive grounds. Equestrian amenities include five horse stables and a riding arena, while over 100 mature mamey trees add to the property’s unique agricultural character. Additional features include a carport, well water, and septic system. The property also offers potential for event/venue use and possible folio division, subject to zoning, permitting, and county approval. A unique Redland estate combining luxury living, equestrian amenities, agricultural appeal, and exceptional versatility.
Features
- First Floor Entry
- Separate Guest/In-Law Quarters
- Utility Room/Laundry
- Built-In Grill
- Fruit Trees
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 $3,900–$9,600.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.