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Unique Homestead Property with Development Potential

Spacious 5-bedroom, 3-bath home in Homestead offering development and commercial zoning potential. Great for visionary buyers.

$539,900

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MLS #A11681739

Listing Updated: 2026-07-12 18:28:58

Listed By: Compass Realty Group

Overview

Located in the heart of Homestead, this spacious 5-bedroom, 3-bath residence sits on a versatile lot zoned for both residential and commercial uses. The two-story building, in need of extensive repairs, offers a unique opportunity for redevelopment or conversion into rental units. The property’s zoning permits duplexes, multifamily units, and commercial ventures, presenting numerous possibilities for buyers with a vision. Situated in a convenient area of Homestead, it allows for easy access to local amenities and community features, making it a prime spot for those interested in blending living space with potential business uses.

Property Highlights

5 bedrooms, 3 bathrooms, 2349 sqft, mixed-use zoning, two-story structure, potential for duplex or multifamily, built-in grill, fruit trees, room for pool, no garage.

Property Details

City: Homestead

State: FL

Zip Code: 33030

Address:

Year Built: 1956

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: Compass Realty Group

County: Miami-Dade County

Garage Spaces: 0

Parking Features: Driveway, Other, On Street

Interior Features: First Floor Entry, Second Floor Entry, Other

Exterior Features: Built-In Grill, Fruit Trees, Room For Pool

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $4,783

Days On Market: 592 Days

Original Listing Description

Unique development oportunity in the heart of Homestead. This property have a single unit of 3 bedrooms and two bath. The two story building is empty and in need of extensive repairs.Have the potential to be converted or build in two apartments for rental purposes.. The land is zoning for residential and comercial property with a duplex and multifamily units. In addition, a commercial .bussiness and structure is allow on the premises as per Homestead city. A lot of potential for a visionary person. Actual units in the land are empty and in need of extensive repairs. Sold As-is.Bring your prospects. Owner motivated. Some owner financing may be available with the right termns

Property Location

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

About This Neighborhood

Situated in Homestead, this property benefits from a neighborhood that balances small-town charm with city conveniences. The area offers a mix of residential and commercial activity enhancing its dynamic feel. Residents enjoy proximity to local shops, eateries, and community services. The neighborhood atmosphere supports families and individuals who appreciate accessibility to daily essentials while experiencing a welcoming, community-oriented environment.

Walkability & Lifestyle

This property’s location in Homestead allows residents to enjoy convenient access to nearby restaurants, shops, and essential services. Though it’s an established neighborhood, local convenience supports a lifestyle that balances relaxation with urban amenities. Outdoor activities are accessible nearby, providing a wholesome Floridian living experience that blends practical walkability with recreational options.

Things To Do Nearby

Homestead boasts opportunities for waterfront recreation, parks, and local dining spots that residents will find appealing. Nature lovers can explore nearby parks and outdoor venues, while those seeking entertainment will appreciate the mix of casual eateries and cultural attractions. The community’s lifestyle encourages engaging with local events and exploring the diverse offerings of the surrounding area.

Nearby Schools

Families will appreciate the access to educational opportunities within Homestead’s school system, offering local schools within reach for daily convenience. The area supports a family-friendly environment with nearby schools contributing to community stability. This accessibility enhances the living experience, allowing children to attend schools conveniently while keeping the property well-positioned for buyers focusing on family needs.

Why Buyers Like This Area

Buyers interested in this Homestead property are drawn to its adaptive potential and prime location. The combination of residential space and flexible zoning for commercial or multifamily use opens doors to various development paths. Additionally, the neighborhood lifestyle and access to amenities make this property attractive to families, entrepreneurs, and investors who appreciate a mix of practicality and opportunity in Florida’s growing real estate market.

Investment Potential

This Homestead property offers a rare chance for buyers interested in both residential living and commercial opportunities. With zoning that allows for duplex, multifamily, and commercial structures, it presents flexibility for redevelopment. While the existing building requires significant repairs, the lot’s potential to create multiple units or a commercial space is appealing for those seeking a project in a growing Florida city. The property’s location supports varied uses, which could attract a broad range of tenants or business clients once improvements are complete.

Market Trends

The Homestead real estate market shows steady interest in properties that combine flexibility and location. Mixed-use zoning parcels are increasingly sought after by buyers who want to leverage both residential and commercial uses. This property aligns with those market trends, especially given its location in a growing city with diverse development options. Buyers should keep an eye on how restored or repurposed properties perform as Homestead continues to develop.

Rental Income Potential

With zoning that supports multifamily units and potential duplex conversion, this Homestead property has promising rental appeal. The city’s evolving demographics and economic growth contribute to steady demand for rental housing. Seasonal rental possibilities also exist given Florida’s popularity with travelers and temporary residents. While the current structure needs extensive repairs, its location and zoning provide a foundation for creating appealing rental units that could attract a variety of tenants.