7431 NW 1st Street 407, Margate, FL 33063

$135,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $135,000 List Date: 1/05/2026 Last Modified: 8/28/2026

Overview

Description

AMAZING DEAL & FINANCE AS LOW AS 3% DOWN IF QUALIFIED! Passed Milestone, new roof slated assessment paid by seller! Spacious top floor Condo w/beautiful water views in 55+ community! Situated in one of the best buildings, NS exposure, next to pool/tennis. Featuring BRAND NEW AC BOTH UNITS & Water Heater, front impact windows, tile throughout, large primary w/walk-in closet, ample storage, updated bathrooms & kitchen & the largest patio in town! Community offers clubhouse, tennis, 2 pools, billiards, gym & library. Walk to great shopping plaza, brand-new Publix opening soon! Washer/dryer in unit, pet friendly up to 2 pets<20lbs 650 TransUnion score for ALL buyers, 40k+income. Can finance under 25% also VA. 1 assigned parking spot & Ample guest parking!

Listing Details MLS# A11797336

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1100
Living Area Main
1100
Adjusted Area Main
1100
Year Built
1980
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4

Property Features

Application Information: 3-4 Weeks Approval; Association Approval Required Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pest Control; Reserve Funds; Roof Repairs; Sewer; Trash; Water Flooring: Tile Parking Features: Guest Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: Block Cooling: Ceiling Fan(s); Central Air Association Type: Condominium Heating: Central Interior Features: Elevator; Pantry Listing Terms: Cash; Conventional; VA Loan Pets Allowed YN: Yes Possession: Negotiable Restrictions: Parking - No Motorcycle; Parking - No RV; Parking - No Trailer; Parking - No Truck Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Security Features: None Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Penthouse Utilities: Cable Available View: Water Water Access: Other Waterfront Features: Pond Showing Requirements: Showing Service Outdoor Living Spaces: Patio Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
154900
Occupant Type
Owner

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
407
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
7533
Postal Zip
33063
Subdivision Name
PALM LAKES CONDO
Area
3633
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Morrow
Middle Or Junior School
Silver Lakes
High School
Coconut Creek
Parcel Number
484135G32870
Flood Zone
X
Directions
SOUTHWEST CORNER OF ATLANTIC BLVD. & ROCK ISLAND RD.

Financial Information

Association YN
Yes
Association Fee
758
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
758
Membership Fee Required YN
No
Tax Annual Amount
3521
Tax Year
2025
Tax Legal Description
PALM LAKES CONDO UNIT 407 BLDG 10 AKA PHASE #9 PER CDO BK/PG: 8555/223

Status Change Information

Major Change Timestamp
2026-04-17T04:00:00Z
Major Change Type
Status Change
Price Change Timestamp
2025-10-07T10:41:51Z
Status Change Date
2026-04-18
Under Contract Date
2026-04-13
Close Date
2026-04-17
Close Price
135000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Storm Protection

Impact Glass
Partial

Buyer Details

Intended Use
Primary Residence

Concessions

Seller Concessions
Yes
Seller Concessions Amount
2500

Section Details

Parcel Number MLX
2870

Originating Details

Originating System Key
411069320
Originating System ID
M00000151
IDX
Listing Office: Realty 100
Source MLS Verified
Last Updated: August - 28 - 2026
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