$105,000
7220 Lake Cir Drive 301
Explore the area: Margate homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $105,000
- Price per sq ft
- $95
- Vs. nearby sales
- 7.8% below
- Days on market
- 71
This 2-bedroom condo in Palm Lakes Condo went under contract with an asking price of $105,000, or $95 per square foot. The asking price has come down 11.6% from its original $118,770. It spent 71 days on the market before going under contract. The 6 most recent condo sales in the closings shown below sold at a median of $103 per square foot, so the asking price was 7.8% below what comparable homes here actually sold for.
Estimated monthly payment
$552 /mo
Principal and interest only, based on $21,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $105,000
- Days on Site
- 71 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,110 sqft
- Total Sq Ft
- 1,110 sqft
- Year Built
- 1980
- Property Type
- Condo
- MLS #
- A12051076
- Property Tax
- $3,628 (2024)
- HOA Fees
- $2,293 / Quarterly
- Subdivision
- PALM LAKES CONDO
- County
- Broward
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
BRING ALL OFFERS! Enjoy serene lake views from this beautifully maintained 3rd-floor corner unit with over 1,100 sq. ft. Enjoy a panoramic lake view from the large screened balcony with added privacy from surrounding greenery. Features include a large walk-in closet in the master, in-unit washer/dryer, and extra storage. Inside you'll find painted with large bedrooms and plenty of closets. Pet-friendly (2 pets under 20 lbs). Assigned parking plus guest spaces. Resort-style 55+ community with heated pools, tennis, gym, clubhouse, and on-site management. Conveniently located near Publix, Walgreens, restaurants, shopping, public transit, Sawgrass Expwy & FL Turnpike. Leasing allowed after 1 year. 650+ credit score required.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1980
- Property Condition
- Resale
- Number of Stories
- 4
- Garage Spaces
- 0
- Parking
- Assigned / Guest
- Direction Faces
- North
- Living Sq Ft
- 1,110
- Total Sq Ft
- 1,110
Interior Features
- Appliances
- Dishwasher / Electric Range / Disposal / Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Carpet / Tile / Vinyl
- Interior Features
- Bedroom On Main Level / Bathtub / Custom Mirrors / Main Level Primary / Soaking Tub / Separate Shower / Stacked Bedrooms / Walk In Closets
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Heated
- Patio & Porch
- Screened / Balcony
- Waterfront Features
- Lake Front / None
- View
- Lake
Community & HOA
- HOA Fee
- $2,293 / Quarterly
- HOA Includes
- Common Areas / Cable Tv / Maintenance Grounds
- Association Amenities
- Clubhouse / Fitness Center / Maintenance Grounds / Pool / Sauna / Storage / Tennis Courts / Trash / Elevators
- Security
- None
- Pets Allowed
- Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Lease2nd Year Owned / No Rv
- MLS Area
- 3633
This home's HOA fee works out to $764 a month, in line with the $758 median across 16 homes for sale in Palm Lakes Condo. See Palm Lakes Condo HOA fees
Schools
- Elementary School
- Morrow
- Middle School
- Silver Lakes
- High School
- Coconut Creek
About the Community
- Homes for Sale
- 16
- Under Contract
- 4
- Median List Price
- $141,500
- Median $/Sq Ft
- $133
- Avg Days on Market
- 126
Frequently Asked Questions
- How do I schedule a tour of 7220 Lake Cir Drive 301, Margate, FL 33063?
- Use the Tour button on this listing to request a showing of 7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, Margate, FL 33063 still available?
- 7220 Lake Cir Drive 301, Margate, FL 33063 is currently listed as Under Contract, and has been on the market 71 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 7220 Lake Cir Drive 301, Margate, FL 33063?
- With 20% down ($21,000) on the $105,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7220 Lake Cir Drive 301, Margate, FL 33063 is about $552/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 7220 Lake Cir Drive 301, Margate, FL 33063?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7220 Lake Cir Drive 301, Margate, FL 33063. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 7220 Lake Cir Drive 301, Margate, FL 33063 have an HOA fee?
- Yes: 7220 Lake Cir Drive 301, Margate, FL 33063 carries an HOA fee of about $2,293 quarterly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 7220 Lake Cir Drive 301, Margate, FL 33063?
- 7220 Lake Cir Drive 301, Margate, FL 33063 is zoned for Morrow (elementary), Silver Lakes (middle), Coconut Creek (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 7220 Lake Cir Drive 301, Margate, FL 33063?
- Often, yes. The right offer on 7220 Lake Cir Drive 301, 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 Current Capital Realty
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 July 19, 2026.
$105,000
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Listed by Steven Rafailovite, Current Capital Realty
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Recent Sales
Recently sold homes in Palm Lakes Condo
These are the last 6 recorded closings in Palm Lakes Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $109 per square foot. The most recent closed on July 13, 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$105,000
Sold · July 13, 2026
7300 Lake Cir Drive 404
1 bed · 2 bath · 960 sqft · $109/sqft
$9,900 under the asking price
Sold$106,500
Sold · June 8, 2026
7210 Lake Circle Drive 401
2 bed · 2 bath · 1,110 sqft · $96/sqft
$8,400 under the asking price
Sold$92,000
Sold · June 8, 2026
7210 Lake Circle Drive 106
2 bed · 2 bath · 1,100 sqft · $84/sqft
$8,000 under the asking price
Sold$135,000
Sold · April 17, 2026
7431 NW 1st Street 407
2 bed · 2 bath · 1,100 sqft · $123/sqft
$5,000 under the asking price
Sold$90,000
Sold · April 17, 2026
480 NW 76th Avenue 306
2 bed · 2 bath · 1,100 sqft · $82/sqft
$9,999 under the asking price
Sold$147,700
Sold · April 14, 2026
7300 Lake Cir Drive 301
2 bed · 2 bath · 1,110 sqft · $133/sqft
$1,300 under the asking price
See every recorded sale in Palm Lakes Condo or find out what your Palm Lakes Condo home is worth.
