$355,000
3116 Merrick Terrace 3116
Explore the area: Margate homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $355,000
- Price per sq ft
- $232
- Original price
- $360,000
- Days on market
- 201
This 3-bedroom condo in Merrick Preserve is listed at $355,000, or $232 per square foot. The asking price has come down 1.4% from its original $360,000. It has been on the market for 201 days.
Estimated monthly payment
$1,866 /mo
Principal and interest only, based on $71,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $466/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $355,000
- Days on Site
- 201 Days
- Bedrooms
- 3
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 1,527 sqft
- Year Built
- 2005
- Property Type
- Condo
- MLS #
- F10556558
- Property Tax
- $6,813 (2023)
- HOA Fees
- $466 / Monthly
- Subdivision
- MERRICK PRESERVE
- County
- Broward
- Status
- Active
About This Property
This townhouse in Merrick Preserve, Margate, FL, offers an appealing blend of comfort, safety, and convenience, ideal for families. With 3 bedrooms and 3 bathrooms, it provides ample space in a well-maintained, gated community, ensuring privacy and security. Its environment with its proximity to good schools, makes it a great choice for children. Additionally, its location in Margate places residents near shopping centers, dining, parks, and major highways, allowing for easy commutes and access to amenities. This property would be a great community-oriented neighborhood with convenient local amenities.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2005
- Property Condition
- Resale
- Number of Stories
- 2
- Parking
- Guest
- Lot Size (Acres)
- 0
- Living Sq Ft
- 1,527
- Structure Type
- Multi Family
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Ceramic Tile / Wood
- Interior Features
- Main Level Primary / Upper Level Primary
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
Exterior Features
- Construction
- Stucco
- Exterior Features
- Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Patio
- View
- Garden
Community & HOA
- HOA Fee
- $466 / Monthly
- HOA Includes
- Common Areas / Maintenance Grounds / Pools
- Association Amenities
- Maintenance Grounds / Pool / Parking
- Community Features
- Gated
- Security
- Gated Community / Key Card Entry / Phone Entry
- Pets Allowed
- Number Limit / Size Limit / Yes
- Financing Terms
- Cash / Conventional
- MLS Area
- 3522
This home's HOA fee works out to $466 a month, 6% above the $441 median across 3 homes for sale in Merrick Preserve. See Merrick Preserve HOA fees
Schools
- Elementary School
- Liberty (Broward)
- Middle School
- Margate
- High School
- Monarch
About the Community
- Homes for Sale
- 3
- Median List Price
- $349,000
- Median $/Sq Ft
- $232
- Avg Days on Market
- 141
Frequently Asked Questions
- How do I schedule a tour of 3116 Merrick Terrace 3116, Margate, FL 33063?
- Use the Tour button on this listing to request a showing of 3116 Merrick Terrace 3116, Margate, FL 33063. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 3116 Merrick Terrace 3116, Margate, FL 33063 still available?
- 3116 Merrick Terrace 3116, Margate, FL 33063 is currently listed as Active, and has been on the market 201 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 3116 Merrick Terrace 3116, Margate, FL 33063?
- With 20% down ($71,000) on the $355,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3116 Merrick Terrace 3116, Margate, FL 33063 is about $1,866/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3116 Merrick Terrace 3116, Margate, FL 33063?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3116 Merrick Terrace 3116, Margate, FL 33063. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 3116 Merrick Terrace 3116, Margate, FL 33063 have an HOA fee?
- Yes: 3116 Merrick Terrace 3116, Margate, FL 33063 carries an HOA fee of about $466 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 3116 Merrick Terrace 3116, Margate, FL 33063?
- 3116 Merrick Terrace 3116, Margate, FL 33063 is zoned for Liberty (Broward) (elementary), Margate (middle), Monarch (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 3116 Merrick Terrace 3116, Margate, FL 33063?
- Often, yes. The right offer on 3116 Merrick Terrace 3116, Margate, FL 33063 depends on how it's priced against comparable condo sales in Margate, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of GP MYREALTOR GROUP, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$355,000
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Listed by German Pizarro, GP MYREALTOR GROUP, LLC
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Recent Sales
Recently sold homes in Merrick Preserve
These are the last 3 recorded closings in Merrick Preserve, with the price each home actually sold for rather than what it was listed at. They closed at a median of $218 per square foot. The most recent closed on August 26, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$385,000
Sold · August 26, 2026
3469 Merrick Lane 402
3 bed · 2.5 bath · 1,536 sqft · $251/sqft
$5,001 over the asking price
Sold$332,500
Sold · March 12, 2026
3307 Merrick Lane 1004
3 bed · 3 bath · 1,527 sqft · $218/sqft
$7,500 under the asking price
Sold$332,500
Sold · March 11, 2026
3303 Merrick Lane 1002
3 bed · 2.5 bath · 1,536 sqft · $216/sqft
$17,500 under the asking price
See every recorded sale in Merrick Preserve or find out what your Merrick Preserve home is worth.
