588 SW 16 TER, Homestead, FL 33030

588 SW 16 TER, Homestead, FL 33030 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1977 with 2,675 square feet of living space on a 9,262 square foot lot. The property is currently owned by EDWARD LAINAS, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-12-30 for $435,000, when JOSE A BARRERA sold to EDWARD LAINAS. The property has appreciated $385,000 (770%) since the prior sale of $50,000 on 2014-01-14. There are 3 recorded sales for this property.

The 2025 assessed value is $451,484 with a market value of $511,571. This breaks down to $192,763 for the land and $318,808 for the building. The assessed value increased 3% from $438,760 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required.

The median household income in this area is $55,588, and the median home value is $292,500. The population density is 5,322 people per square mile. There are active mortgage liens totaling $66,367 recorded against this property.

588 SW 16 TER, Homestead, FL 33030 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2014 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 104% of the most recent sale price. Based on the most recent sale, this property traded at $163 per square foot — a key metric for comparing value across Homestead's real estate market..