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Waterfront · Condominium
$177,000$258 / sqft

1280 S Franklin Ave # 1280G, Homestead FL 33034

1
Bedrooms
1
Bathrooms
685 sqft
Interior
1986
Year built
$320 / mo
HOA
Condominium
Type

About this home

Welcome home to this charming 1-bedroom, 1-bathroom condo offering peaceful lakefront living in the heart of Homestead. This Lakeshoe community condo is conveniently located on the Ground Floor with straight access to the Lake from your screened in patio. Boasting 685 sq. ft. of bright and open living space, this unit provides the perfect blend of comfort and convenience in a secure, gated community. Step out your back door to enjoy relaxing, unobstructed water views perfect for your morning coffee or unwinding after a long day. Equipped with washer and dryer connections inside the unit. Conveniently located with easy access to major highways , BJS, New Publix, Gateway K-8 Environmental Schoool. New shopping centers, and dining. Minutes to several massive mixed use projects approved by the city of Homestead. Priced for a quick sale.

Features

  • First Floor Entry
  • Screened Balcony
  • Lake
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$1,215

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$895
HOA
$320 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Real Estate TeamMates LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.