11234 SW 244th Ter, Homestead, FL 33032

Exceptional Value or Investment Opportunity in Homestead!

This 3-bedroom, 2-bathroom single-family home at 11234 SW 244th Ter, built in 2002, offers a comfortable 1,264 sqft of living space on a generous 6,272 sqft lot. This is a truly remarkable outlier in a market where the median home price in Homestead is around $454,832 and the average price for 3-bedroom homes is also in a similar range. The property’s last recorded sale was for $295,000 in 2006, and with its current estimated value on some platforms being over $473,000, a savvy buyer could gain substantial, immediate equity. With the Homestead real estate market being a seller’s market and a high demand for rentals in the area (with a Rent Zestimate® of $3,008/month and other 3-bedroom homes renting for over $3,500), this home is an ideal choice for a homeowner seeking a well-priced residence or an investor looking for a strong cash-flow asset in a growing South Florida community.