7591 NW 1st Street 401, Margate, FL 33063

$87,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,110 Status: Closed
Current Price: $87,000 List Date: 11/18/2025 Last Modified: 8/17/2026

Overview

Description

Spacious 2 bedroom, 2 bath unit with elevator. Centrally located in 'Palm Lakes Condo' in the City of Margate. The unit is within walking distance of a Publix supermarket, restaurants, banks and more. There are two swimming pools, a tennis court and a gymnasium. This is a 55+ adult community.

Listing Details MLS# R11141611

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1110
Building Area Source
Appraiser
Living Area Main
1110
Year Built
1980
Gated Community YN
No
Senior Community YN
Yes
Stories Total
4
Direction Faces
West
Pool Private YN
No
Spa YN
No
Furnished
Unfurnished

Property Features

Electric: Three Phase Property Condition: Resale Appliances: Microwave; Washer Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Association Type: Condominium Heating: Central Interior Features: Storage; None Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible; Size Limit Possession: Close Of Escrow Restrictions: Buyer Approval Required Tax Information: Homestead Exemption Utilities: Water Available Water Access: None Water Source: Public Showing Requirements: Appointment Only; Text Listing Agent Contingencies: None Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
140000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7591
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Street
Unit Number
401
City Name
Margate
State Or Province
FL
Postal Code
33063
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
Special Assessment YN
Yes
Parcel Number
484135g33440
Zoning
R-3A
Directions
Atlantic ave to

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
764
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
826.22
Tax Year
2024
Tax Legal Description
PALM LAKES CONDO UNIT 401 BLDG 12 AKA PHASE #11 PER CDO BK/PG: 8555/223

Status Change Information

Major Change Timestamp
2026-03-06T21:23:10Z
Major Change Type
Status Change
Price Change Timestamp
2026-01-13T22:16:35Z
Status Change Date
2026-03-06
Under Contract Date
2026-01-27
Close Date
2026-03-05
Close Price
87000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Storm Protection

Panel Shutters
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
78.37
Original List Price To Close Price
1.6

Originating Details

Originating System Key
20251117202010146802000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level Remarks
Living Room 12.00 18.00 Main LR
Kitchen 8.00 10.00 Main Kit
Master Bedroom 12.00 12.00 Main MB
IDX
Listing Office: Marx Realty Group Inc
Source MLS Verified
Last Updated: August - 17 - 2026
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