Exceptional income-producing residential compound situated on almost 2 acres in the Redlands. This unique property offers multiple dwelling units with strong in-place cash flow and future upside. Current monthly income exceeds $14,000, making it ideal for investors, owner-occupants, or multi-generational living. The property consists of six primary residential units plus additional income-producing structures, including a detached 1-bedroom cottage and an RV with full hook-ups, both currently used as rentals. Features include two gated private entrances, well water, coin-operated laundry, mature fruit trees, nursery space, and a legal horse stable. The expansive lot provides ample space for additional RV pads, outdoor rental concepts, or construction of a custom primary residence (buyer to verify development options). Convenient Redlands location near Krome Ave, agricultural amenities, and major roadways. Rare opportunity to acquire a cash-flowing residential income property with land, privacy, and expansion potential.
For sale
$1,180,000
16020 SW 208th Ave, Miami, FL 33187
6beds
4baths
3,335sqft
Est.:
Triplex
Built in 2015
-- sqft lot
$1,150,500 Zestimate®
$354/sqft
$-- HOA
What's special
Legal horse stableMature fruit treesNursery spaceCoin-operated laundryExpansive lotTwo gated private entrances
- 11 hours |
- 33 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: 14 hours ago
Listed by:
Isabella Estrada-Sarske 305-417-2073,
Avenew Realty Corp,
Ander Egurrola 305-916-1194,
Avenew Realty Corp
Source: MIAMI,MLS#: A11930288
Originating MLS: A-Miami Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- Flooring: Tile
Interior area
- Total structure area: 77,537
- Total interior livable area: 3,335 sqft
Video & virtual tour
Property
Features
- Stories: 2
Lot
- Features: 1 To Less Than 2 Acre Lot
Details
- Parcel number: 3058280003930
- Zoning: 8900
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Triplex
Materials
- CBS Construction
- Roof: Shingle
Condition
- Year built: 2015
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $354/sqft
- Tax assessed value: $742,097
- Annual tax amount: $11,591
- Date on market: 12/14/2025
- Listing terms: All Cash,Conventional,Cryptocurrency,FHA-Va Approved
Estimated market value
$1,150,500
$1.09M - $1.21M
$2,176/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2025 | Listed for sale | $1,180,000-21.3%$354/sqft |
Source: | ||
| 8/12/2025 | Listing removed | $1,500,000$450/sqft |
Source: | ||
| 7/31/2025 | Listed for sale | $1,500,000$450/sqft |
Source: | ||
| 7/1/2025 | Pending sale | $1,500,000$450/sqft |
Source: | ||
| 2/10/2025 | Listed for sale | $1,500,000-25%$450/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,002 +4.4% | $614,219 +10% |
| 2023 | $10,534 +797.8% | $558,470 +917.5% |
| 2022 | $1,173 +29.7% | $54,885 +9.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,888/mo
Principal & interest
$5666
Property taxes
$1809
Home insurance
$413
Climate risks
Neighborhood: 33187
Nearby schools
GreatSchools rating
- 4/10Redland Elementary SchoolGrades: PK-5Distance: 7.1 mi
- 8/10Jorge Mas Canosa Middle SchoolGrades: 6-8Distance: 5.2 mi
- 3/10South Dade Senior High SchoolGrades: 9-12Distance: 9 mi
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