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Waterfront · Single Family Residence
$619,900$223 / sqft
1611 SE 16th St, Homestead FL 33035
Listed
5
Bedrooms
4
Bathrooms
2,786 sqft
Interior
2003
Year built
$280 / mo
HOA
Single Family Residence
Type
About this home
Enjoy lakefront living in this move-in-ready home offering 5 bedrooms, 4 full bathrooms, and a 2-car garage. A first-floor bedroom and full bath provide flexibility for guests or a home office. Located in a gated Homestead community with NO CDD and no HOA approval required for new owners. The kitchen, remodeled in 2022, features quartz countertops, stainless steel appliances, additional custom cabinetry, and two pantries. Formal living and dining areas, a custom built-in cabinet with wine cooler, crown molding, and tile and laminate flooring complement the spacious layout. Ceiling fans, blinds, and abundant storage add everyday comfort. The A/C unit was replaced in 2021. The primary suite offers two walk-in closets, while two secondary bedrooms share a Jack-and-Jill bathroom. Relax or entertain in the expansive screened enclosure with a private hot tub spa and tranquil lake views. Additional highlights include a spacious laundry room with custom cabinetry and a utility sink, water softener, generator hookup, well-fed sprinkler system, gutters, and an extended driveway. Two gated community entrances provide convenient access. HOA fees include alarm monitoring, cable, internet, security, tennis and racquetball courts, and common-area maintenance. Optional clubhouse membership is available at Royal Palm North Gate. Conveniently located near shopping, dining, schools, parks, hospitals, major highways, Homestead Air Reserve Base, and routes to the Florida Keys. Easy to show!
Features
- First Floor Entry
- Cooking Island
- Laundry Tub
- Pantry
- Walk-In Closet(s)
- Family Room
- Florida Room
- Utility Room/Laundry
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.