CENTURY 21 Edge
$470,000$550,000$3,518 /mo all-in ↓

213th PL SW 240th ST, Miami FL 33031, MIAMI, FL, 33031

Active395 days on marketListed Jul 16, 2025MLS #A11841680

Priced 47% below the MIAMI 33031 medianReduced $80KBonanza Villas Park

About this home

213th PL SW 240th ST, Miami FL 33031

Don't miss this opportunity to own a prime lot in the heart of the Redlands, next to Bonanza Ranch Estates Park! Perfect for a custom home, pool, stables, or gardens, with room to create your ideal retreat. Surrounded by nature yet close to Krome Ave, US 1, Schnebly's Winery, and the Everglades. Land values in this area have been rapidly increasing, making this not just a dream location but also a smart investment. Enjoy peace, privacy, and potential in one of South Florida's most desirable rural communities.

Facts & features

The home at a glance

1.25 ac

Lot size

None view

Inside

Outside & construction

ViewNone
FacesSouth

Community & fees

Taxes (2024)$4,600/yr

Utilities & systems

UtilitiesNo Utilities · None
WaterWell

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$3,518 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,767
FHA mortgage insurance (est.)$208
Property tax — 2024 actual bill$383
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $16,450Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $16,450
Interest rate6.00%
Loan term

Estimated payment

$3,518/mo

Principal & interest$2,767
FHA mortgage insurance (est.)$208
Property taxes (actual bill)$383
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Where it sits

Inside Miami

Map of 213th PL SW 240th ST, Miami FL 33031

Get to know Miami. See the full Miami guide →

MIAMI 33031 — neighborhood snapshot

Population

7,795

Median age

43.9

Median income

$107,460

Median home value

$467,100

Avg household

3.35

Households w/ children

1,001

For the school run

Dade County School District

HighSouth Dade Senior High School★★★★★
ElementaryRedland Elementary School★★★★★
MiddleRedland Middle School★★★★
Title I Migrant Education Program
Instructional Center System Wide
District Instructional Center (Dic)

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami market

Seller’s marketLeans buyer18.3 months of inventoryBuyer’s market

$508K$590K

Miami median sold, yr/yr

97.6%

Sale-to-list ratio (12 mo)

Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 47% below the MIAMI 33031 median. See the full Miami market guide →

Paper trail

This home's history

CurrentPrice reduced to $470,000 $80K
Jul 16, 2025Listed at $550,000 · 395 days on market since

Reality check

What actually sold near 213th PL SW 240th ST

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

20890 SW 240th St, Homestead FL 33031Sold · Dec ’25

$1,050,000

20890 SW 240th St, Homestead FL 33031

4 bd · 3 ba · 79 DOM

23550 SW 214th Pl, Homestead FL 33031Sold · May ’26

$790,000

23550 SW 214th Pl, Homestead FL 33031

2 bd · 1 ba · 928 sqft · $851/sqft · 3 DOM

20707 SW 240th St, Homestead FL 33031Sold · Oct ’25

$720,000

20707 SW 240th St, Homestead FL 33031

2 bd · 2 ba · 1,386 sqft · $519/sqft · 77 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Alek Cherrone

Your agent

Alek Cherrone

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 213th PL SW 240th ST — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 213th PL SW 240th ST — before you fall in love.

See it in person

Schedule a tour

Live availability from Alek's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

213th PL SW 240th ST FAQs

What would the monthly payment be for 213th PL SW 240th ST, Miami FL 33031?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,518/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 213th PL SW 240th ST, Miami FL 33031?+

The most recent tax bill on record (2024) was $4,600. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Miami?+

At $470,000, this home is listed about 23% below the Miami median of $610,000. The market section on this page shows how the area is trending.

Which schools are assigned to 213th PL SW 240th ST, Miami FL 33031?+

South Dade Senior High School (high), Redland Elementary School (elementary), Redland Middle School (middle), Title I Migrant Education Program (), Instructional Center System Wide (), District Instructional Center (Dic) () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Under the MIAMI 33031 market on paper

$470,000 is 47% below the MIAMI 33031 median of $894,450.

02None views

The none view is part of what you're buying — views hold value independently of the structure.

03Time on market is leverage

395 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $550,000, now $470,000 — a $80K cut. The full history is in the market section below.

Listing courtesy of United Real Estate Miami · Luis Mesa Ortegon. MLS #A11841680.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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213th PL SW 240th ST, Miami FL 33031, MIAMI, FL — $470,000 | CENTURY 21 Edge