$115,000
Sold · February 10, 2026
7431 NW 1st Street 401
Explore the area: Margate homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $115,000
- Vs. list price
- 4.2% under
- Days on market
- 128
- Price per sq ft
- $104
This 2-bedroom condo in Palm Lakes sold for $115,000 on February 10, 2026. That was 4.2% below its final list price of $120,000. It first came on the market at $134,000, so the price was adjusted before it sold. It spent 128 days on the market. At $104 per square foot, it closed in line with the $103 median of the 6 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $115,000
- Sold On
- February 10, 2026
- Days on Site
- 128 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,110 sqft
- Year Built
- 1980
- Property Type
- Condo
- MLS #
- F10527019
- Property Tax
- $882 (2024)
- HOA Fees
- $2,296 / Quarterly
- Subdivision
- PALM LAKES
- County
- Broward
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
LOCATION! LOCATION! LOCATION! AMAZING WATER VIEWS FROM THIS 4TH FLOOR CORNER UNIT! LARGE TILED PATIO WITH ROLL-UPS. NORTH/SOUTH EXPOSURE! THIS 2 BEDROOM 2 BATH CONDO IS SPACIOUS & BRIGHT WITH THE EXTRA WINDOWS! EAT IN KITCHEN. WASHER AND DRYER IN THE UNIT. WALK IN CLOSET IN MASTER BEDROOM. HURRICANE WINDOWS! PET FRIENDLY COMMUNITY ALLOWS 2 PETS UNDER 20 LBS EACH. NEW FRONT DOOR TO BE INSTALLED BY ASSOCIATION. EXTRA STORAGE UNIT. WALKING DISTANCE TO POOL/TENNIS. CLOSE TO NEW PUBLIX, SHOPPING, WALGREENS, RESTAURANTS, & TRANSPORTATION! ASSOCIATION STATES 55+ COMMUNITY, $40,000 INCOME AND 650+ CREDIT SCORE.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1980
- Property Condition
- Resale
- Number of Stories
- 4
- Garage Spaces
- 0
- Parking
- Assigned / Guest
- Direction Faces
- South
- Living Sq Ft
- 1,110
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level / Eat In Kitchen / Living Dining Room / Walk In Closets
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Furnished
- Negotiable
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area / Porch
- Pool Features
- Association
- Patio & Porch
- Porch / Screened / Balcony
- Waterfront Features
- Lake Front / None
- View
- Lake
Community & HOA
- HOA Fee
- $2,296 / Quarterly
- HOA Includes
- Maintenance Structure / Pest Control / Recreation Facilities / Trash / Water
- Association Amenities
- Billiard Room / Clubhouse / Community Kitchen / Car Wash Area / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Sauna / Spa Hot Tub / Storage / Trash
- Security
- None
- Utilities
- Cable Available
- Pets Allowed
- Breed Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 3631
About the Community
- Homes for Sale
- 18
- Under Contract
- 4
- Median List Price
- $148,450
- Median $/Sq Ft
- $144
- Avg Days on Market
- 154
Frequently Asked Questions
- How do I schedule a tour of 7431 NW 1st Street 401, Margate, FL 33063?
- Use the Tour button on this listing to request a showing of 7431 NW 1st Street 401, 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 7431 NW 1st Street 401, Margate, FL 33063 still available?
- 7431 NW 1st Street 401, Margate, FL 33063 is currently listed as Sold, and has been on the market 128 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 7431 NW 1st Street 401, Margate, FL 33063?
- With 20% down ($24,000) on the $120,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7431 NW 1st Street 401, Margate, FL 33063 is about $631/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 7431 NW 1st Street 401, Margate, FL 33063?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7431 NW 1st Street 401, Margate, FL 33063. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 7431 NW 1st Street 401, Margate, FL 33063 have an HOA fee?
- Yes: 7431 NW 1st Street 401, Margate, FL 33063 carries an HOA fee of about $2,296 quarterly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 7431 NW 1st Street 401, Margate, FL 33063?
- Often, yes. The right offer on 7431 NW 1st Street 401, 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 Real Estate II Inc
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 1, 2026.
$115,000
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Listed by Linda M Perfetto, Real Estate II Inc
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Recent Sales
Recently sold homes in Palm Lakes
These are the last 6 recorded closings in Palm Lakes, 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 or find out what your Palm Lakes home is worth.
