23905 SW 167th Avenue Homestead, FL 33031

$1,849,900
8
Beds
6
Baths
2.00
Acres
7,212
SQFT
257
$/SQFT
$1,849,900
8
Beds
6
Baths
7,212   sf
$257 / sf
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This spectacular estate sits on 2 acres of land in the Redlands and is perfect for a large family or someone looking for a tremendous income producing opportunity. Main home is a 3,279 sf remodeled 3BR+Den/3BA pool home with 2 car garage, 2 AC units, impact windows, brand new master bath and more. Cottage 1 is a renovated 3BR/1BA which has consistently generated $30k in AirBnB income each year since 2022. Cottage 2 is a renovated 2BR/2BA which was just finished and is now ready for bookings. 40x20 pole barn has been converted into a 3rd cottage for more income generating potential. Separate Workshop is powered and features a brand new mini split AC. Agriculture Exemption with over 100 fruit trees that generate $20-30k per year. No flood zone. Pro forma $185k+ yearly with a 8.5% CAP rate.

This spectacular estate sits on 2 acres of land in the Redlands and is perfect for a large family or someone looking for a tremendous income producing opportunity. Main home is a 3,279 sf remodeled 3BR+Den/3BA pool home with 2 car garage, 2 AC units, impact windows, brand new master bath and more. Cottage 1 is a renovated 3BR/1BA which has consistently generated $30k in AirBnB income each year since 2022. Cottage 2 is a renovated 2BR/2BA which was just finished and is now ready for bookings. 40x20 pole barn has been converted into a 3rd cottage for more income generating potential. Separate Workshop is powered and features a brand new mini split AC. Agriculture Exemption with over 100 fruit trees that generate $20-30k per year. No flood zone. Pro forma $185k+ yearly with a 8.5% CAP rate.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Miami-Dade County
  • Area
    Redlands
  • Tax Amount
    $5,164
  • Status
    Active
  • Listing #
    A11612004
  • Built
    1940
  • Lot Size
    2.00
  • Listed on site
    141 days
  • Co-Listing Agent
    3099264
  • Listing Agent Id
    3236332
  • Co Listing Agent Id
    3099264
  • Listing Agent Phone
    305-989-7101

Listed by:
LoKation

Source:
MIAMI MLS

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Property details

Community Features

  • No HOA

Property History

DateDays AgoEventNew Price
Oct 15, 20241 mo agoPrice decreased100,000 (5%)$1,849,900
Sep 4, 20242 mos agoPrice decreased50,000 (3%)$1,949,900
Jun 26, 20245 mos agoNew on market$1,999,900
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