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Townhouse
$249,000$238 / sqft
1017 NE 42nd Pl, Homestead FL 33033
Listed
2
Bedrooms
2
Bathrooms
1,046 sqft
Interior
2006
Year built
$157 / mo
HOA
Townhouse
Type
About this home
Short Sale Opportunity! Welcome to this beautifully maintained one-story corner townhome located in the desirable gated community of Marbella Bay at Waterstone in Homestead. This bright and spacious 2-bedroom, 2-bathroom home features a desirable split-bedroom floor plan, abundant natural light, tile flooring throughout, stainless steel appliances, a large washer and dryer, and hurricane accordion shutters for added peace of mind. Enjoy a private fenced backyard with no rear neighbors, offering additional privacy and a relaxing outdoor space. The corner location provides enhanced curb appeal and extra green space. The property includes two assigned parking spaces and is conveniently located near multiple Florida Turnpike entrances, shopping centers, restaurants, parks, and top-rated charter schools. Residents enjoy access to Waterstone's amenities, including a community pool, fitness center, playgrounds, walking paths, and beautifully maintained common areas. Property is being sold as a Short Sale. Sale, Subject to lender approval. Don't miss this opportunity to own a home in one of Homestead's most sought-after gated communities.
Features
- First Floor Entry
- Other View
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- Okay To Lease 1st Year
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.
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 2-bed rentals across Miami-Dade, from 179 active listings; the middle half ask $2,300–$3,000.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.