What is the asking price and what does it include?

The list price for 24164 SW 118th Ave, Homestead FL 33032 is $590,000. The property is a Single Family Residence with 4 bedrooms, 3 bathrooms, approximately 1940 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 24164 SW 118th Ave, Homestead FL 33032 in Homestead, 33032. Coordinates are approximately 25.5427734, -80.3823892. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Homestead — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 590,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 24164 SW 118th Ave, Homestead FL 33032.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
Buying
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Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Single Family Residence
24164 SW 118th Ave, Homestead FL 33032 | Miami-Dade County | A12018319

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24164 SW 118th Ave, Homestead FL 33032 | Miami-Dade County | A12018319

24164 SW 118th Ave, Homestead FL 33032

Residential Active

$590,000

14 More

Type
Single Family Residence

4
Bedrooms

3
Bathrooms

2
Garages

1940 Square Feet
Area Size

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Residential Active

24164 SW 118th Ave, Homestead FL 33032 | Miami-Dade County | A12018319

24164 SW 118th Ave, Homestead FL 33032

$590,000

Description

Beautiful newer construction home in the highly desirable Silver Palms community by Lennar! Built in 2018 and freshly painted, this well-maintained property offers modern living in one of Homestead’s most sought-after neighborhoods. Enjoy spacious living areas, a functional layout, and a community with great amenities and convenient access to major roads, shopping, dining, and schools. Perfect for buyers looking for a place to call home or for investors seeking a strong opportunity in a growing market.

Homestead continues to experience growth and development, making this property an excellent long-term investment opportunity. The home is already tenant occupied until May 2027, offering immediate rental income potential for investors looking for a turnkey property.

Showings by appointment only and must be coordinated with tenant. Please do not disturb occupants.

Address

Open on Google Maps

Address: 118th Ave
City: Homestead
State/county: Miami-Dade County
Zip/Postal Code: 33032
Area: SILVER PALM SOUTHWEST

Details

Updated on May 30, 2026 at 4:28 am

Property ID A12018319
Price $590,000
Property Size 1940 Square Feet
Bedrooms 4
Bathrooms 3
Garages 2
Year Built 2018
Type Single Family Residence
Property Status Residential

Additional details

ArchitecturalStyle Attached, Detached, One Story
AssociationFee 81
AssociationFeeFrequency Monthly
BathroomsFull 3
BuildingAreaTotal 2390
BuildingAreaUnits Square Feet
BuildingName SILVER PALM SOUTHWEST
CommunityFeatures Clubhouse, Pool
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-05-13
Cooling Central Air, Electric
CoveredSpaces 2
DaysOnMarket 16
DirectionFaces East
ExpirationDate 2026-11-30
Flooring Tile
Heating Central, Electric
HighSchool Homestead
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-769-9138
ListingTerms All Cash, Conventional, FHA
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 5000
MLSAreaMajor Silver Palm Southwest
MajorChangeTimestamp May 18, 2026 at 05:04pm
MajorChangeType New
MiddleOrJuniorSchool Redland
MlsStatus Active
ModificationTimestamp May 29, 2026 at 03:30pm
OnMarketDate 2026-05-13
OriginalEntryTimestamp May 18, 2026 at 05:04pm
OriginalListPrice 590000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherEquipment Automatic Garage Door Opener
OtherExpense 0
ParcelNumber 30-69-24-003-0250
ParkingFeatures Driveway
PatioAndPorchFeatures Patio
PhotosChangeTimestamp May 18, 2026 at 05:06pm
PhotosCount 19
PostalCode 33032
PostalCodePlus4 3437
PriceChangeTimestamp May 13, 2026 at 03:22pm
PublicSurveyRange 69
PublicSurveySection 24
PublicSurveyTownship 69
Roof Barrel Roof
RoomsTotal 0
Sewer Public Sewer
ShowingInstructions Appointment Only, See Broker Remarks
SourceSystemKey 474967879
StateOrProvince FL
StatusChangeTimestamp May 18, 2026 at 05:04pm
StreetDirPrefix SW
StreetName 118th Ave
StreetNumber 24164
StreetNumberNumeric 24164
StructureType R30-No Pool/No Water, House
SyndicationRemarks Beautiful newer construction home in the highly desirable Silver Palms community by Lennar! Built in 2018 and freshly painted, this well-maintained property offers modern living in one of Homestead’s most sought-after neighborhoods. Enjoy spacious living areas, a functional layout, and a community with great amenities and convenient access to major roads, shopping, dining, and schools. Perfect for buyers looking for a place to call home or for investors seeking a strong opportunity in a growing market. Homestead continues to experience growth and development, making this property an excellent long-term investment opportunity. The home is already tenant occupied until May 2027, offering immediate rental income potential for investors looking for a turnkey property. Showings by appointment only and must be coordinated with tenant. Please do not disturb occupants.
TaxAnnualAmount 10444
TaxLegalDescription SILVER PALM SOUTHWEST PB 166-074 T-22643 LOT 7 BLK 3 LOT SIZE 5000 SQ FT FAU 30 6924 000 1746
TaxYear 2025
View Garden
WaterSource Municipal Water
YearBuiltDetails Effective Year Built
Zoning 0102