15715 SW 302nd Ter, Homestead, FL 33033

Value-Add Opportunity in Homestead, FL: Your Affordable Path to Homeownership!

Asking Price: $335,000

Here’s a fantastic chance to own a 3-bedroom, 1-bathroom single-family home at 15715 SW 302nd Ter, Homestead, FL 33033. Built in 1972, this 1,058 sqft residence offers an estimated refinance payment of $3,048/mo, positioning it as an accessible option in the South Florida market. This property holds significant potential for a buyer willing to invest in renovations to maximize its value.

Key Features:

• Affordable Entry Point: At $335,000, this home is priced below the overall median sold price for homes in Homestead ($471,050 in May 2025). While the median for 3-bedroom homes in Homestead saw a slight decrease of -1.2% year-over-year, this specific property’s price makes it a competitive option, particularly for its size.
• Functional Layout: With 3 bedrooms and 1 bathroom, the 1,058 sqft layout provides a practical living space.
• Established Construction: Built in 1972, this home has a solid foundation characteristic of its era.
• Homestead Market Dynamics (33033 Zip Code):
  • Buyer’s Market: Homestead and the 33033 zip code are currently a Buyer’s Housing Market. This means there’s more inventory and buyers generally have more negotiation power.
  • Negotiation Potential: Homes in Homestead sold for an average of 1.24% below asking price in May 2025, and in 33033, homes sold for 1.08% below asking. This suggests opportunities for buyers to secure a favorable deal.
  • Days on Market: Homes in 33033 spend an average of 68 days on the market, giving buyers ample time for due diligence.
• No HOA Fees: This property does not appear to be part of an HOA, which means no recurring HOA fees, providing more financial flexibility.
• Vibrant Homestead Community: Homestead is a growing city at the southern end of Miami-Dade County, offering a unique blend of suburban living and access to natural wonders.
  • Demographics: The 33033 zip code has a population of approximately 66,871. The community is diverse, with a significant Hispanic/Latino population (around 67.7% for Homestead city). The median household income in 33033 is around $66,662.
  • Nature & Recreation: Enjoy proximity to Everglades National Park and Biscayne National Park, offering unparalleled opportunities for outdoor activities, wildlife viewing, and water sports. The Florida Keys are also easily accessible.
  • Agriculture: Homestead is known for its agricultural roots, particularly tropical fruits and vegetables.
  • Shopping & Dining: The city offers various shopping centers and dining options.
  • Connectivity: While a bit further from downtown Miami, Homestead provides a more suburban feel with access to major roadways for commuting. The average commute time is around 37-40 minutes.
• Schools: The property is assigned to Miami-Dade County Public Schools. Nearby assigned schools include:
  • Campbell Drive K-8 Center (PK-8, 4/10 GreatSchools Rating, 0.4 miles away)
  • Redland Middle School (6-8, 4/10 GreatSchools Rating, 3.5 miles away)
  • Homestead Senior High School (9-12, 5/10 GreatSchools Rating, 2.7 miles away)
  • Note: There are also choice and private school options in the broader area.
• Crime Rate: While specific crime data for every street is unavailable, Homestead’s overall crime rate in 2018 was 1001.21 per 100,000 population. Recent trends show a 5% decrease in crime rates compared to last year in the Homestead area, with a “Safety Index” of 7/10. However, some sources indicate that the immediate neighborhood around this address might have 25% more crime than surrounding areas and that the highest violent crime rate in Homestead is in the southwest section of the city. Buyers are encouraged to research local crime statistics from official sources (e.g., local police department websites) for the most up-to-date and specific information relevant to the property’s location.

Important Considerations:

• Single Bathroom: The presence of only one bathroom for a 3-bedroom home is a key consideration. This would likely be a priority for renovation to enhance functionality and value.
• Renovation Potential: As a home built in 1972 at this price, it is highly likely that significant updates and renovations will be needed to modernize the interior and potentially the exterior. Buyers should factor these costs into their budget.
• Crime Rate Nuances: While the overall trend for Homestead is positive, the specific neighborhood’s crime statistics should be carefully reviewed by potential buyers to ensure comfort and safety.
• Flood Risk: As with any property in Florida, buyers should investigate flood zone designations and consider flood insurance.

This property at 15715 SW 302nd Ter offers an excellent opportunity to acquire a home in Homestead at a competitive price. For the buyer ready to invest some effort into renovation, it presents a strong chance to create a personalized living space and build equity in a growing South Florida community.

Priced at $335,000 – explore the potential of this Homestead home today! Schedule your private showing.