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Welcome to 20975 SW 264th Street, a rare income-producing estate set on nearly 5 acres of agriculturally zoned land in Homestead, just 50 minutes south of Miami. This versatile property offers the unique ability to live, host, farm, and generate income from the land you own. The spacious primary residence features 3 bedrooms and 2 bathrooms, while the separate guest house with pool offers up to 5 additional bedrooms, creating exceptional flexibility for extended family, rental income, vacation stays, retreats, or hospitality use. The acreage supports a wide range of possibilities, including farming, specialty crops, produce operations, agritourism, private events, wellness retreats, farm-to-table experiences, seasonal markets, and short-term rental concepts. With open land, agricultural potential, multiple living areas, and strong demand for outdoor experiential venues in the Homestead/Redland market, this property offers both immediate usability and long-term upside. Enjoy a lifestyle that blends residential comfort with entrepreneurial opportunity — relax poolside, cultivate your own produce, host guests, or build out a larger income-producing vision over time. A rare South Florida asset combining space, flexibility, agriculture, hospitality, and long-term land value in one of the area’s most sought-after agricultural communities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,699,950
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,359,960 | $1,359,960 | $1,359,960 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | $859 | $859 | $859 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,045 | $8,263 | $11,476 |
| Total Monthly Payment | $9,029 | $9,247 | $12,460 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.