$160,000
Sold · October 7, 2025
7431 NW 1st Street 408
Explore the area: Margate homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $160,000
- Vs. list price
- 2.7% under
- Days on market
- 324
- Price per sq ft
- $144
This 2-bedroom condo in Palm Lakes Condo sold for $160,000 on October 7, 2025. That was 2.7% below its final list price of $164,500. It first came on the market at $215,000, so the price was adjusted before it sold. It spent 324 days on the market. At $144 per square foot, it closed 39.8% above the $103 median of the 6 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $160,000
- Sold On
- October 7, 2025
- Days on Site
- 324 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,110 sqft
- Year Built
- 1980
- Property Type
- Condo
- MLS #
- F10467911
- Property Tax
- $291 (2023)
- HOA Fees
- $672 / Monthly
- Subdivision
- PALM LAKES CONDO
- County
- Broward
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Excellent location in Palm Lakes, corner unit completely remodeled with spacious porch, 1100 sft of ample room to unwind and relax with amazing views of the golf course; parking space is right in front of lift for a quick access. This gem is close to highways/ restaurants/ shopping centers, etc.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1980
- Property Condition
- Resale
- Number of Stories
- 4
- Garage Spaces
- 0
- Parking
- Assigned / Guest
- Living Sq Ft
- 1,110
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Gas Range / Microwave / Oven / Refrigerator / Water Softener / Water Heater / Water Purifier / Washer
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Tile / Wood
- Fireplace
- Yes
- Interior Features
- Bedroom On Main Level / Breakfast Area / Dual Sinks / Entrance Foyer / Living Dining Room / Pantry
- Windows
- Blinds
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area / Porch
- Pool Features
- Association
- Patio & Porch
- Porch / Screened / Balcony
- Waterfront Features
- Lake Front / None
- View
- Golf Course / Garden / Lake
Community & HOA
- HOA Fee
- $672 / Monthly
- HOA Includes
- Common Areas / Insurance / Maintenance Grounds / Maintenance Structure / Pools / Roof / Sewer / Trash / Water
- Association Amenities
- Clubhouse / Fitness Center / Picnic Area / Pool / Parking / Storage / Elevators
- Security
- Other / Smoke Detectors
- Pets Allowed
- Cats Ok / Pet Fee
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 3633
About the Community
- Homes for Sale
- 17
- Under Contract
- 4
- Median List Price
- $145,000
- Median $/Sq Ft
- $134
- Avg Days on Market
- 123
Frequently Asked Questions
- How do I schedule a tour of 7431 NW 1st Street 408, Margate, FL 33063?
- Use the Tour button on this listing to request a showing of 7431 NW 1st Street 408, 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 408, Margate, FL 33063 still available?
- 7431 NW 1st Street 408, Margate, FL 33063 is currently listed as Sold, and has been on the market 324 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 408, Margate, FL 33063?
- With 20% down ($32,900) on the $164,500 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7431 NW 1st Street 408, Margate, FL 33063 is about $865/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 408, 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 408, 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 408, Margate, FL 33063 have an HOA fee?
- Yes: 7431 NW 1st Street 408, Margate, FL 33063 carries an HOA fee of about $672 monthly. 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 408, Margate, FL 33063?
- Often, yes. The right offer on 7431 NW 1st Street 408, 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 First Priority Realty, 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.
$160,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by Dorian Gomez-Henao, First Priority Realty, Inc
Map & Location
Featured Communities
Cities in Broward County
Zip Codes in Broward County
Property Types
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.
