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Waterfront · Condominium
$177,000$258 / sqft
1280 S Franklin Ave # 1280G, Homestead FL 33034
Listed
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
Leasing
- Minimum lease
- Not stated
- Leases permitted per year
- 1
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $1,950–$3,495.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.