Condominium · Margate, FL
Palm Lakes Margate, FL Homes For Sale & Real Estate
Palm Lakes, Margate, FL, is a community in Broward County with 16 homes for sale right now. Construction dates to 1979 through 1980.
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Palm Lakes Market at a Glance
Live MLS · Updated Oct 13, 2026
- Active Inventory
- 16
- New Listings (30d)
- 2
- Pending Sales
- 4
- Median List Price
- $141,500
- Months of Inventory
- 11.3
- Avg Days on Market
- 126
Residential MLS data for Palm Lakes, updated nightly. View full market reports →
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Market Overview
Palm Lakes real estate market
There are 16 active listings for sale in Palm Lakes right now. The median list price is $141,500, or about $133 per square foot. Listings span $95,000 to $179,000, so there is inventory across most budgets. Homes are averaging 126 days on market. These figures update from the MLS as the market moves.
Palm Lakes Market Stats
MLS data updated October 11, 2026- Active Listings
- 16
- Median List Price
- $141,500
- Median $/Sq Ft
- $133
- Avg Days on Market
- 126
- Price Range
- $95,000 to $179,000
Frequently Asked Questions
- How many homes are for sale in Palm Lakes?
- There are 16 active listings for sale in Palm Lakes right now, and these counts update from the MLS as homes come on the market and go under contract. Prices cluster fairly closely, with the top of the market about 1.9 times the entry level. Ask us to set up a search alert and you will see new Palm Lakes listings the day they reach the market.
- What is the median home price in Palm Lakes?
- The median list price in Palm Lakes is $141,500, or roughly $133 per square foot. The median is the midpoint of what is currently listed, so about half of Palm Lakes homes ask more and half ask less, within a broader range of $95,000 to $179,000. The median sits near the middle of that range, so Palm Lakes inventory is spread fairly evenly rather than bunched at one end. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in Palm Lakes cover?
- Homes for sale in Palm Lakes currently range from about $95,000 at the entry level to $179,000 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $141,500. The spread is tight, which usually points to a consistent housing stock rather than a mix of sizes and eras. Tell us your budget and must-haves and we will send the Palm Lakes listings that actually fit.
- How long do homes take to sell in Palm Lakes?
- Homes in Palm Lakes are averaging 126 days on market, measured from the day a listing goes live to the day it goes under contract. That is a slow pace, so sellers here should expect to price carefully and buyers often have time to compare before committing. Days on market in Palm Lakes also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
- Are there lakefront homes in Palm Lakes?
- Yes. Many Palm Lakes homes back onto community lakes, and lake-view lots are common in current listings. The water here is inland lake frontage rather than Intracoastal or ocean access, so do not expect navigable water or boat dockage.
About Palm Lakes
Palm Lakes, Margate, FL, is a community in Broward County with 16 homes for sale right now. Construction dates to 1979 through 1980. Listings update from the MLS nightly.
Homes & Architecture
Homes for sale in Palm Lakes
Homes for sale in Palm Lakes offer 1 to 2 bedrooms and 2 baths. Living areas run from about 960 to 1,110 square feet. The mix here includes condo homes. Current prices run from $95,000 to $179,000. The homes on the market were built between 1979 and 1982.
Schools
Schools near Palm Lakes
Homes for sale in Palm Lakes are typically zoned for the Margate public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Broward County school district before you buy.
- Elementary School
- Morrow
- Middle School
- Silver Lakes
- High School
- Coconut Creek
Map
Where Palm Lakes is in Margate
Centred on the homes listed and recently sold in Palm Lakes.
HOA
Palm Lakes HOA fees
- Median HOA fee
- $758/mo
- Typical range
- $743 to $760
- Lowest to highest
- $678 to $773
- Listings with a fee
- 16 of 16
Across the 16 homes for sale in Palm Lakes that list an HOA fee, the median is $758 a month. Half of them fall between $743 and $760. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
The fee most often covers water, common areas, trash pickup, cable TV, grounds maintenance and sewer. Coverage differs from one building or section to the next, so read what a specific listing includes before comparing it with another.
Listings here most often mention clubhouse, pool, elevators, parking, fitness center and billiard room.
13 of the 16 listings that state a pet policy allow pets, often with limits.
From current MLS listings in Palm Lakes; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
Recent Sales
Recently sold homes in Palm Lakes
These are the last 21 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 $116 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
| Address | Closed | Sold for | Beds / baths | Sq ft | $/sq ft |
|---|---|---|---|---|---|
| 7591 NW 1st Street 303 | April 3, 2026 | $128,000 | 2 / 2 | 1,100 | $116 |
| 480 NW 76th Avenue 407 | April 2, 2026 | $140,000 | 2 / 2 | 1,100 | $127 |
| 7591 NW 1st Street 401 | March 5, 2026 | $87,000 | 2 / 2 | 1,110 | $78 |
| 7210 Lake Circle Drive 404 | February 17, 2026 | $97,500 | 1 / 1.5 | 960 | $102 |
| 7431 NW 1st Street 401 | February 10, 2026 | $115,000 | 2 / 2 | 1,110 | $104 |
| 7300 Lake Cir Drive 303 | February 6, 2026 | $145,000 | 2 / 2 | 1,100 | $132 |
| 7220 Lake Cir Drive 106 | December 1, 2025 | $148,000 | 2 / 2 | 1,100 | $135 |
| 7431 NW 1st Street 103 | November 21, 2025 | $105,000 | 2 / 2 | 1,100 | $95 |
| 370 NW 76th Avenue 307 | October 22, 2025 | $170,000 | 2 / 2 | 1,100 | $155 |
| 7431 NW 1st Street 408 | October 7, 2025 | $160,000 | 2 / 2 | 1,110 | $144 |
| 7591 NW 1st Street 108 | October 2, 2025 | $142,500 | 2 / 2 | 1,110 | $128 |
| 363 N Rock Island Road 403 | September 19, 2025 | $125,000 | 2 / 2 | 1,100 | $114 |
| 7210 Lake Cir Drive 205 | August 18, 2025 | $128,000 | 2 / 2 | 1,100 | $116 |
| 370 NW 76th Avenue 102 | August 1, 2025 | $155,000 | 2 / 2 | 1,100 | $141 |
| 7301 NW 1st Street 204 | July 11, 2025 | $132,500 | 1 / 2 | 960 | $138 |
See every recorded sale in Palm Lakes or find out what your Palm Lakes home is worth.
Market & Value
Palm Lakes market and home values
Values in Palm Lakes track the community's own sales more closely than any broad regional number. The median list price in Palm Lakes is around $141,500, or roughly $133 per square foot. That sits about 64% below the Broward County median, which shows where Palm Lakes lands in the local market. Recent asking prices have run from $95,000 to $179,000, so the home you choose within Palm Lakes matters as much as the community average. Homes here have recently taken about 126 days to go under contract, a useful gauge of how quickly the Palm Lakes market is moving. For pricing an offer or a listing, comparable sales within Palm Lakes carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in Palm Lakes so you work from real numbers, not an estimate.
How It Compares
Palm Lakes compared to nearby Margate communities
Palm Lakes sits 2 of 7 on median price among these Margate communities. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Paradise Gardens | 17 | $340,000 | $234 | 90 |
| Palm Lakes this page | 16 | $141,500 | $133 | 126 |
| Holiday Springs | 19 | $120,000 | $130 | 205 |
| Oriole Golf Tennis Club | 56 | $117,250 | $127 | 127 |
| Oriole Gardens | 56 | $111,500 | $118 | 157 |
| Royal Park Gardens | 27 | $105,000 | $133 | 120 |
| Holiday Springs Village | 38 | $99,400 | $125 | 167 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is Palm Lakes right for you?
A quick read on who fits Palm Lakes saves time before you visit. Palm Lakes suits a range of buyers, from first-time owners to move-up families, who want a home in Margate with the everyday conveniences of the area close by. A lake view is a common ask here, since many Palm Lakes lots back onto water without the flood exposure of a coastal address. On price, Palm Lakes sits toward the more attainable end of the market, which draws first-time buyers, downsizers, and investors. Whether Palm Lakes is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in Palm Lakes
Many homesites in Palm Lakes back onto community lakes, so lake views and water frontage are common here even though the community sits inland.
Location
Palm Lakes location
Palm Lakes is located in Margate, part of Broward County, Florida. Residents are close to the shopping, dining, schools, and parks of the Margate area, with the wider job centers, beaches, and airports of the region within driving distance.
Buying in Palm Lakes
Buying a home in Palm Lakes
Buying in Palm Lakes follows the same path as the rest of Broward County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Broward County is about $3,610. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Margate means you see new listings in Palm Lakes the day they reach the market.
Selling in Palm Lakes
Selling a home in Palm Lakes
A successful sale in Palm Lakes comes down to pricing, presentation, and marketing. List prices in Palm Lakes currently center around $141,500, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Palm Lakes owners in Margate, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Palm Lakes home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in Palm Lakes.
Listing agents and seller representation in Palm Lakes
Thinking about selling in Palm Lakes? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Buyers currently hold leverage in Palm Lakes, so pricing and presentation carry more weight than they would in a hot market. Homes that are prepared properly and priced against real closed sales still sell; the ones testing an optimistic number are the ones that sit. Homes here are averaging about 126 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving Palm Lakes. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Margate · how listing agent commission works · selling a home in a 55 and over community
Realtors and real estate agents serving Palm Lakes
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in Palm Lakes is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: home value after a renovation: what actually adds · how waterfront homes are valued · Florida seller disclosures and inspections
Buyer's agents in Palm Lakes
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in Palm Lakes, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Broward County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · what you actually walk away with · seller concessions, and when to offer them
Buying Instead?
Search Palm Lakes with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in Palm Lakes?
Ask any listing agent you interview two questions. Which homes have they closed near Palm Lakes, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $141,500 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Broward County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in Palm Lakes?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in Palm Lakes, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in Palm Lakes?
You are not legally required to use one, but most buyers in Palm Lakes do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Broward County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up Palm Lakes property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Broward County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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