7431 NW 1st Street 401, Margate, FL 33063

$115,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,110 Status: Closed
Current Price: $115,000 List Date: 9/17/2025 Last Modified: 8/17/2026

Overview

Description

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.

Listing Details MLS# F10527019

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area Main
1110
Year Built
1980
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4
Direction Faces
South
Furnished
Negotiable
LP/Assessed Value
0.69

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Maintenance Structure; Pest Control; Recreation Facility; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen Flooring: Tile Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air; Electric Heating: Central; Electric Interior Features: Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Close Of Escrow Restrictions: Other Restrictions Security Features: None Special Information: Sold As-Is Tax Information: Homestead Exemption Unit Description: Corner/End Unit; Penthouse Utilities: Cable Available Water Access: None Water View: Lake Waterfront Features: Lake Front Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Screened Porch Details: Porch - Screened Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
134000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7431
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Street
Unit Number
401
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
7532
Postal Zip
33063
Subdivision Name
PALM LAKES
Area
3631
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number
484135G32810
Directions
ROCK ISLAND ROAD SOUTH OF ATLANTIC BLVD. TO 1ST STREET. TURN RIGHT TO BLDG. #10 ON RIGHT HAND SIDE.
Building Name
10

Financial Information

Association YN
Yes
Association Fee
2296
Association Fee Frequency
Quarterly
Application Required YN
Yes
Association Phone
954-971-1719
Membership Fee Required YN
No
Tax Annual Amount
882
Tax Year
2024
Tax Assessed/SOH Value
174620
Tax Legal Description
PALM LAKES CONDO UNIT 401 BLDG 10 AKA PHASE #9 PER CDO BK/PG: 8555/223
Assessor Market Value
174620

Status Change Information

Major Change Timestamp
2026-02-10T18:58:04Z
Major Change Type
Status Change
Price Change Timestamp
2025-11-13T22:05:15Z
Status Change Date
2026-02-10
Under Contract Date
2026-01-23
Close Date
2026-02-10
Close Price
115000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Qualifying Requirements

Minimum Credit Score YN
Yes
Minimum Credit Score
650

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
103.6
Original List Price To Close Price
0.85

Section Details

Parcel Number MLX
2810

Originating Details

Originating System Key
604030105
Originating System ID
M00000170
IDX
Listing Office: Real Estate II Inc
Source MLS Verified
Last Updated: August - 17 - 2026
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