24164 SW 118th Ave, Homestead FL 33032 | Miami-Dade County | A12018319
- $595,000
- Single Family Residence
- 4
- 3
- 2
- 1940 Sq Ft
- $595,000
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.
Showings by appointment only.
Property Overview
This is a 4-bedroom, 3-bath home of about 1940 square feet at 24164 SW 118th Ave, Homestead FL 33032 (Homestead 33032), listed at $590,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $81.
The tax of record is $10,444 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $11,800/yr (≈ $983/mo); with the homestead exemption on a primary residence, about $10,800/yr (≈ $900/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 24164 SW 118th Ave is $590,000. Built-in appliances and fixtures generally convey with the property, but the MLS record does not state if the home is furnished; you must confirm which specific items stay.
Distinguish these physical assets from shared community amenities, which are available upon request. Contact Christopher Lazaro, Homestead Real Estate Broker, to verify the final inventory.
Where exactly is it, and what should I know about the location?
This property is located at 24164 SW 118th Ave, Homestead FL 33032, situated within the coastal corridor. The home is listed at $590,000 and features 4 bedrooms and 3 bathrooms across approximately 1940 sqft.
Contact Christopher Lazaro, Homestead Real Estate Broker, to verify these location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $81. This payment covers water, sewer, trash and common-area upkeep.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances. Contact Christopher Lazaro, Homestead Real Estate Broker, to verify the full schedule.
What are the property taxes and homestead implications?
The tax of record is $10,444 (2025). As an ESTIMATE ONLY, Florida reassesses at sale; at this price and a Miami-Dade rate near 2.0%, the ESTIMATE is about $11,800/yr (≈ $983/mo) without homestead, or about $10,800/yr (≈ $900/mo) with the homestead exemption. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Homestead Real Estate Broker, to verify these details.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk for flooding, as defined by FEMA definitions. Lenders often require flood insurance if a property sits in a high-risk zone. View the FEMA flood map for this address to see the specific designation for 24164 SW 118th Ave.
Contact Christopher Lazaro, Homestead Real Estate Broker, to verify these details.
Are pets allowed?
This is a single-family home. No HOA board dictates a pet policy, so pets are at the owner's discretion and subject to city or county ordinances and any existing lease. Documented service animals and ESAs carry separate federal protections.
Contact Christopher Lazaro, Homestead Real Estate Broker, to verify details.
How is the price set and is there room to negotiate?
Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract (MIAMI REALTORS®, May 2026). The $590,000 list price for this 4bd/3ba property is derived from a CMA.
I provide a Homestead-specific CMA to ensure your offer reflects current local data. Contact Christopher Lazaro, Homestead Real Estate Broker, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval before touring 24164 SW 118th Ave to establish your buying power for this $590,000 property. You should speak with a Florida-licensed MLO to confirm your budget.
Contact Christopher Lazaro, Homestead Real Estate Broker, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $81 / month |
| Total Monthly Fees | $81 / month |
- Membership Required: No
Have a question about this Homestead listing?
Talk directly with Christopher Lazaro, your Homestead real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 118th Ave
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City: Homestead
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State/county: Miami-Dade County
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Zip/Postal Code: 33032
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Area: SILVER PALM SOUTHWEST
Details
Updated on September 28, 2026 at 11:40 pm-
Property ID A12018319
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Price $595,000
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Property Size 1940 Sq Ft
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Bedrooms 4
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Room 0
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Bathrooms 3
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Garages 2
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Year Built 2018
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Type Single Family Residence
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Property Status Active, Residential
Additional details
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View Garden
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Cooling Central Air, Electric
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Heating Central, Electric
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Tax Year 2025
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Flooring Tile
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High School Homestead
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Building SILVER PALM SOUTHWEST
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Garage Spaces 2
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Listing Terms All Cash, Conventional, FHA
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Area Silver Palm Southwest
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Waterfront No
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Association Yes
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Full Bathrooms 3
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Covered Spaces 2
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Style R30-No Pool/No Water
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Private Pool No
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Structure Type R30-No Pool/No Water, House
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Association Fee 81
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Parking Driveway
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Subdivision SILVER PALM SOUTHWEST
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Annual Tax 10444
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Year Built Details Effective Year Built
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Building Area 2390
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Lot Size (Sq Ft) 5000
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Flood Zone AE
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New Construction No
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Bedroom Features At Least 1 Bedroom Ground Level, Entry Level
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Restrictions Assoc Approval Required
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Middle School Redland
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Construction Concrete Block Construction
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Patio / Porch Patio
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Association Fee Frequency Monthly
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Association Type Homeowners
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Membership Purchase Required No
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