Bulk Condominium Townhome
For Sale
$2,200,000
1925 E Palm Dr, Homestead, FL 33035
Twelve-unit bulk condominium offering with modernized townhome-style layouts in secured, amenity-rich gated communities.
Property Size17,086 SF
Days on Market50
Property Features for 1925 E Palm Dr
General Information
Standard status
Active
Size
17,086 SF
Property subtype
Multifamily
Additional Details
Cap Rate
6%
Multifamily Units
12
Amenities
12 Individual Condominiums in two gated communities
10 of 12 condominiums are two-story townhomes
2003 and 2006 concrete block construction
100% two-, three-, and four-bedroom floor plans with 1,424 overall average rentable square footage per unit
All units nicely renovated throughout by current owners
Fully amenitized communities with clubhouses and pools
Great proximity to shopping, employment, and schools
Offered for sale at less than past individual sale prices, All utilities paid for by the current in place renters
Building Details
Building Size
17,086 SF
Year Built
2006
Units
12
Listing Agency:
Fort Lauderdale Office
(954) 245-3459
Listed By:
Evan Kristol · License #License(s): FL: SL640466
(954) 245-3459
Source:
Marcusmillichap
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 10 at 2:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Lauderdale Office
Investment Insights
Based on property information with market context.
The offering consists of 12 bulk condominium units, structured as two separate condominiums within larger condominium associations: 2 units in Caribbean Isles Villas Condominium Association and 10 units in Towngate Condominium Association. The property was constructed in 2003 and 2006 using concrete block with exterior painted stucco. Unit mix includes three two-bedroom units, eight three-bedroom units, and one four-bedroom unit, with all units averaging over 1,400 rentable square feet and featuring two full bathrooms. Ten of the twelve units are two-story, townhome style and include an additional half bathroom. Many units have been renovated with features such as European cabinetry, granite countertops and backsplashes, black and stainless-steel appliances with built-in microwaves, and updated flooring, lighting, and fixtures. Caribbean Isles units include a private balcony or patio, while Towngate units include a private backyard.
The two communities are located within a few minutes’ drive of one another within the Keys Gate neighborhood in Homestead, Florida. Keys Gate is described as an urban neighborhood with medium to large single-family homes and townhomes, and most residences are newer, built in 2000 or more recently. The area is approximately 30 minutes from the Florida Keys and about five minutes from the Florida Turnpike.
This configuration can support an operator or buyer seeking a bulk condominium structure with a clear residential product mix across both communities. Parking is allocated through assigned spaces, with Caribbean Isles Villas providing 1 assigned space per unit and Towngate providing 2 assigned spaces for all units except certain models that include a private garage and receive 1 assigned space. Residents also have access to extensive on-site amenities, including 24/7 gated entry and clubhouse facilities, along with multiple recreational and social spaces in both communities.
The two communities are located within a few minutes’ drive of one another within the Keys Gate neighborhood in Homestead, Florida. Keys Gate is described as an urban neighborhood with medium to large single-family homes and townhomes, and most residences are newer, built in 2000 or more recently. The area is approximately 30 minutes from the Florida Keys and about five minutes from the Florida Turnpike.
This configuration can support an operator or buyer seeking a bulk condominium structure with a clear residential product mix across both communities. Parking is allocated through assigned spaces, with Caribbean Isles Villas providing 1 assigned space per unit and Towngate providing 2 assigned spaces for all units except certain models that include a private garage and receive 1 assigned space. Residents also have access to extensive on-site amenities, including 24/7 gated entry and clubhouse facilities, along with multiple recreational and social spaces in both communities.
Key Highlights
- 12‑unit bulk condominium offering in Homestead, FL: 2 condos (252 total units) in Caribbean Isles Villas and 10 townhomes (325 total units) in Towngate.
- Construction dates: 2003 and 2006; concrete block with painted stucco.
- Unit mix: 3 two‑bedroom, 8 three‑bedroom, and 1 four‑bedroom; all units have two full bathrooms.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 33035, FL
18,065
Population
6,711
Households
2.7
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
612
Density / Sq Mi
$67,601
Median Household Income
$37,785
Median Earnings
$1,855
Median Rent
$310,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit bulk condominium offering with modernized townhome-style layouts in secured, amenity-rich gated communities.
Where is this apartment building located?
The property is located at 1925 E Palm Dr Homestead, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12‑unit bulk condominium offering in Homestead, FL: 2 condos (252 total units) in Caribbean Isles Villas and 10 townhomes (325 total units) in Towngate.; Construction dates: 2003 and 2006; concrete block with painted stucco.; Unit mix: 3 two‑bedroom, 8 three‑bedroom, and 1 four‑bedroom; all units have two full bathrooms.
