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Buildings/Homestead/SHOMA CONDO AT KEYS COVE

Value

SHOMA CONDO AT KEYS COVE

2551 SE 16 TER, Homestead 33035

2006

Year Built

Units

For Sale

$230K

Avg Price

$188

Sale $/SF

For Rent

$1,875

Avg Rent

$1.82

Rent $/SF

+50.0%

YoY

For Sale

For Rent

Investor-Owned

85%

Avg HOA

$241/mo

Building Details

Address

2551 SE 16 TER, Homestead, 33035

Neighborhood

Homestead

Year Built

2006

Total Units

Avg Unit Sqft

1,052 SF

Tier

Value

Developer

Shoma Group

Avg $/SF

$188.17

Avg Rent

$1,875/mo

Rent $/SF

$1.82/SF

HOA Range

$241 – $241

Neighborhood Rank

Top 84%

Avg Unit Value

$182K

Total Sales (All-Time)

Investment Analysis

Yield Metrics

Rental Yield (annualized)12.0%

YoY Appreciation+50.0%

Total Yield63.7%

Liquidity & Demand

Closed Sales (120d)1

Days on Market113 days

Months of Inventory4.0

Sale-to-List Ratio0.9%

Price Reduction Rate100%

Investor-Owned85%

For Sale1

For Rent2

Top 84%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$188

Rental Price Trend ($/SF)

$1.77

-5.3%

Building Activity

Days on Market

113

Sales & Listings

Active Listings

For Sale (1)

$230K

3 bd2 ba1,182 sf

For Rent (2)

$2K

2 bd2 ba914 sf

$2K

Unit 202

3 bd2 ba1,182 sf

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Jan 16, 2026	$175K	$188.17	2/2	930
Feb 20, 2024	$215K	$235.23	2/2	914
Aug 2, 2022	$235K	$257.11	2/—	914
Jul 30, 2022	$235K	$257.11	2/2	914
Sep 17, 2021	$165K	$177.42	2/—	930
Sep 16, 2021	$165K	$177.42	2/2	930
Jul 28, 2021	$145K	$155.91	2/2	930
Jun 17, 2021	$168K	$144.08	3/2	1,166
Jun 8, 2021	$153K	$167.61	2/—	914
Jun 3, 2021	$153K	$167.61	2/2	914

Units & Ownership

Total Units

Avg Sqft

1,052 SF

Avg Assessed

$139K

Owner-Occupied

15%

Tax & Ownership

Investor-Owned

85%

Owner-Occupied

15%

Avg Assessed Value

$139K

Avg Taxable Value

$132K

Effective Year Built

2006

Zoning

9300

Unit Mix

2 BR8

Avg 922 SF

3 BR12

Avg 1,139 SF

Unit Directory

Showing 10 of 20 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
100	3	2	1,060	$145K	—	$97K	$92	Feb 2017
101	3	2	1,166	$112K	✓	$132K	$113	Sep 2019
102	3	2	1,166	$188K	—	$168K	$144	Jun 2021
103	2	2	914	$164K	—	$215K	$235	Feb 2024
104	2	2	914	$125K	—	$127K	$139	Aug 2020
105	2	2	914	$125K	—	$63K	$68	Apr 2013
106	2	2	914	$132K	✓	$153K	$168	Jun 2021
107	3	2	1,166	$143K	—	$50K	$43	Dec 2012
108	3	2	1,166	$127K	—	$40K	$34	Apr 2011
109	3	2	1,060	$135K	—	$34K	$32	Dec 2009

Brokerage	Agents	Sales	Volume
Avanti Way Realty	1	1	$215K
United Realty Group	1	1	$175K
Miami Life Realty	1	1	$175K

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SHOMA CONDO AT KEYS COVE

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Active Agents & Brokerages

Photos

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