Home » Properties » 21340 SW 238th ST, Homestead FL 33031

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1.25 Acre Vacant Land in Homestead with Approved Permits

Rare 1.25-acre vacant lot in Homestead’s Redlands with permits for a 4,000 sqft home near parks and trails.

$470,000

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MLS #A11771302

Listing Updated: 2026-07-15 18:36:55

Listed By: United Real Estate Miami

Overview

This 1.25-acre vacant land parcel in Homestead's Redlands offers a unique opportunity to build a custom 4,000 square foot luxury estate. Approved permits are already in place, streamlining the building process for your dream home. The lot is ideally located within walking distance of Bonanza Ranch Estates Park, providing direct access to scenic trails, equestrian paths, and open green spaces for outdoor enjoyment.The property benefits from a peaceful setting while maintaining convenient access to major roads including Krome Avenue and US-1. Nearby attractions such as Schnebly Redland's Winery and Everglades National Park enhance the lifestyle appeal. This spacious lot allows for flexible design options including a pool or equestrian facilities, making it a versatile canvas for your residential vision.

Property Highlights

1.25-acre vacant lot with approved permits for 4,000 sqft home; walking distance to Bonanza Ranch Estates Park; access to trails and equestrian paths; near Krome Ave, US-1; close to Schnebly Redland's Winery and Everglades National Park.

Property Details

City: Homestead

State: FL

Zip Code: 33031

Address: 21340 SW 238th ST, Homestead FL 33031

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: United Real Estate Miami

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $5,321

Days On Market: 435 Days

Original Listing Description

1.25 acre vacant land lot in the Redlands - Approved for 4000 sq ft Home. Rare opportunity to own a 1.25-acre vacant lot in The Redlands with approved permits for a 4,000 sq. ft. luxury estate. Located within walking distance of Bonanza Ranch Estates Park, enjoy direct access to scenic trails, equestrian paths, and open green spaces. This spacious lot offers endless possibilities for a custom home, pool, or equestrian facilities. Nestled in a peaceful yet convenient location, with easy access to Krome Ave, US-1, and top attractions like Schnebly Redland's Winery and Everglades National Park. Don't miss this chance to build your dream home in a prime setting.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

21340 SW 238th ST, Homestead FL 33031

About This Neighborhood

The Redlands neighborhood in Homestead is known for its blend of rural charm and convenient access to urban amenities. Residents enjoy nearby parks such as Bonanza Ranch Estates Park, which offers scenic trails and equestrian paths. The area is characterized by open green spaces and a peaceful atmosphere, making it attractive for those seeking a quiet lifestyle within reach of major roads like Krome Avenue and US-1. Local wineries and natural attractions contribute to the community’s unique appeal.

Walkability & Lifestyle

This property’s location near Bonanza Ranch Estates Park enhances its walkability for outdoor enthusiasts. Residents can enjoy walking or horseback riding on nearby trails and open green spaces. Although the lot is in a semi-rural setting, essential amenities and recreational spots are accessible by a short drive. The proximity to Krome Avenue and US-1 ensures convenient travel to shopping, dining, and entertainment options in Homestead and surrounding communities.

Things To Do Nearby

Nearby attractions include Schnebly Redland's Winery, offering unique local wine tasting experiences. Outdoor activities abound with access to Everglades National Park, ideal for hiking, birdwatching, and boating. The area’s equestrian paths and parks provide opportunities for horseback riding and nature walks. Homestead also features cultural venues, dining, and shopping, making it a well-rounded location for lifestyle and leisure pursuits.

Nearby Schools

The Homestead area offers access to a variety of educational institutions suitable for families. While specific schools are not listed for this property, the neighborhood’s residential nature typically provides convenient routes to public and private schools within reasonable commuting distance. Families benefit from the balance of a quiet environment and access to educational resources in the broader Miami-Dade County area.

Why Buyers Like This Area

Buyers are drawn to this property for its rare combination of size, approved building permits, and location within The Redlands. The opportunity to build a large custom home in a peaceful setting with easy access to parks and trails is highly attractive. The convenience of nearby major roads and local attractions adds to its appeal for those seeking both privacy and connectivity. This lot offers flexibility for various residential designs, making it suitable for diverse buyer needs.

Investment Potential

This 1.25-acre parcel in Homestead’s Redlands offers strong potential for buyers seeking a spacious lot with approved building permits. The ability to construct a large custom home adds significant appeal for those looking to create a personalized residence. Its proximity to parks, trails, and key roadways enhances its desirability, attracting interest from buyers who value both tranquility and accessibility. While the property is primarily suited for residential development, its location near popular attractions may also support seasonal rental opportunities, appealing to tenants interested in outdoor and recreational lifestyles.

Market Trends

The Homestead real estate market in The Redlands area has shown steady interest due to its spacious lots and proximity to natural attractions. Properties with approved permits for custom homes are particularly sought after, as they reduce development timelines. The balance of rural and suburban living attracts a diverse group of buyers, including families and retirees. Inventory in this segment remains limited, supporting consistent demand for land parcels that offer flexibility and lifestyle benefits.

Rental Income Potential

While primarily a residential land parcel, the location near popular outdoor destinations and parks may attract tenants interested in seasonal rentals. The property's size and approved permits for a large home provide options for future owners to design rental-friendly features. Demand for rentals in peaceful, accessible areas like The Redlands can be influenced by seasonal tourism and local events, which may support occasional tenant interest without guaranteeing steady rental income.