SHOMA CONDO AT KEYS COVE

2551 SE 16th Ter, Homestead FL 33035

3 beds · 2 baths · 1,060 ft²

Closed

$230,000

Est. Payment $1,224/mo

MLS Sheet Video

3

Bedrooms

2

Bathrooms

1,060

Sq. Ft.

2006

Year Built

8

Days on Market

Description

OVER 10% RETURN IN PERFECT CONDITION PROPERTY Excellent Investment Opportunity – High Yield Property in Keys Cove! Excelente location steps from Publix few blocks away from Turnpike and Outlet Mall Income-producing condominium generating $2,873 per month with a serious, stable long-term tenant in place. Strong return with immediate cash flow from day one. Unit is in excellent condition featuring stainless steel appliances and well-maintained interiors. Located in the desirable Keys Cove community with gated access and amenities. Perfect for investors seeking solid ROI and stable income. DO NOT DISTURB TENANT. DO NOT SHOW INSIDE. Interior inspection will be granted only after a fully executed contract. Tenant rights must be respected. Serious inquiries only.

Facts

MLS#
A11971314
Subdivision
SHOMA CONDO AT KEYS COVE
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
2006
Lot Size
0 sqft
Sq. Ft.
1,060 ft²
Sq. Mt.
98 m²
Price per sq. ft.
$217/ft²
Price per sq. mt.
$2,347/m²
Stories
Garage
Pool
Days on Market
8 days
Listed
Feb 24, 2026
Last Updated
Apr 15, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Homestead

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

54

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

4/15/2026Sold$230,000
2/24/2026Listed for sale$230,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

2551 SE 16th Ter, Homestead FL 33035Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$1,566/mo

Principal & Interest

$1,224

Property Tax

$192

Insurance

$150

HOA

$0

20% ($46,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.

Updated within 24 hours

Similar listings nearby

More homes in Homestead around $230,000.

Call NowWhatsApp