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Waterfront · Single Family Residence
$354,900$300 / sqft
640 SE 22nd Ln, Homestead FL 33033
Listed
2
Bedrooms
2
Bathrooms
1,183 sqft
Interior
1989
Year built
$442 / mo
HOA
Single Family Residence
Type
About this home
A rare opportunity for lakefront living in the gated North Gate Village community at Keys Gate! This 2-bedroom, 2-bath single-family home offers 1,183 sq. ft. of living area, vaulted ceilings and a bright, welcoming layout. The kitchen features white cabinetry, generous counter space and a breakfast bar that opens to the main living area. A separate laundry room and garage add everyday convenience. The standout feature is the expansive screened patio overlooking the lake—an inviting place for morning coffee, outdoor dining or relaxing at the end of the day. Enjoy community amenities including a clubhouse, pool, fitness center and recreational facilities, with shopping, dining and major roads nearby. Lakefront homes like this don’t come along often. Schedule your showing and experience the view in person!
Features
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Atrium
- Utility Room/Laundry
- Lake
Leasing
- Minimum lease
- Not stated
- Ok To Lease
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 2-bed rentals across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.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.