7320 LAKE CIR Drive 407, Margate, FL 33063 (MLS# B26074261)

7320 LAKE CIR Drive 407, Margate, FL 33063

New Listing
$118,900
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Active
Current Price: $118,900 List Date: 9/09/2026 Last Modified: 9/09/2026

Overview

Description

MOTIVATED SELLER! 4TH FLOOR PENTHOUSE! GREAT WATER VIEWS FROM YOUR LARGE PATIO. 2 BEDROOM 2 BATH WITH TILE AND LAMINATE FLOORING. HURRICANE SHUTTERS AND WROL-UPS. WASHER AND DRYER IN UNIT. WALK IN CLOSET IN MASTER BEDROOM. NEWER APPLIANCES. EXTRA STORAGE. PET FRIENDLY COMMUNITY ALLOWING 2 PETS EACH UNDER 20 LBS. ASSOCIATION STATE 55+ COMMUNITY, 650 CREDIT SCORE AND $40K YEARLY COMBINED INCOME. WALKING DISTANCE TO TRANSPORTATION, RESTAURANTS, WALGREENS, BANKS AND A NEW PUBLIX WITH ESTIMATED COMPLETION BY MID MARCH. CLUBHOUSE FEATURES 2 POOLS, TENNIS, EXERCISE ROOMS, SAUNA, BILLIARDS AND MORE. CALL CO-LISTING AGENT TO SHOW.

Listing Details MLS# B26074261

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1100
Building Area Source
Assessor
Living Area Main
1100
Living Area Source
Assessor
Adjusted Area Main
1100
Accessibility Features YN
No
Year Built
1979
Parking Total
Yes
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4
Stories
4
Direction Faces
East
Fireplace YN
No
Pool Private YN
No
Furnished
Negotiable
Washer/Dryer Allowed YN
Yes
LP/Assessed Value
0.89

Property Features

Application Information: 3-4 Weeks Approval; Association Approval Required; Personal Interview Required Association Amenities: Maintenance Association Fee Includes: Maintenance Structure; Pest Control; Recreation Facility; Roof Repairs; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen Exterior Features: Other Flooring: Laminate; Tile Leasing Permitted Details: Okay To Lease With Restrictions Parking Features: Assigned; Guest Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air; Electric Association Type: Condominium Heating: Central; Electric Interior Features: Walk-In Closet(s) Laundry Features: In Kitchen Levels: One Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Negotiable Restrictions: Other Restrictions Other Leasing Restrictions: Leasing Prohibited 1st Year Roof: Flat; Other Security Features: None Sewer: Public Sewer Special Information: Sold As-Is Structure Type: Multi Family Tax Information: No Homestead Unit Description: Penthouse Utilities: Cable Available; Electricity Connected View: Water Water Access: None Water Source: Public Water View: Lake Waterfront Features: Lake Front Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
118900
Negotiable Seller Concessions YN
No
Listing Service
Full Service
Seller Represented YN
No

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7320
Street Name
LAKE CIR
Street Suffix
Drive
Unit Number
407
City Name
Margate
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33063
Postal Code +4
4821
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
484135g30630
Zoning
R-3A
Flood Zone
X
Building Name
3

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2279
Association Fee Frequency
Quarterly
Association Membership
Voluntary
Application Required YN
Yes
Association Name
PALM LAKES
Association Phone
954-971-1719
Association Email
palmlakes@nextgen.com
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
760
Membership Fee Required YN
No
Tax Annual Amount
3484.31
Tax Year
2025
Tax Assessed/SOH Value
133300
Tax Legal Description
PALM LAKES CONDO UNIT 407 BLDG 3 AKA PHASE #2 PER CDO BK/PG: 8555/223
Assessor Market Value
133300

Status Change Information

Major Change Timestamp
2026-09-09T20:44:53Z
Major Change Type
New Listing
Status Change Date
2026-09-09

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Capital Contributions

Capital Contributions YN
No

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Pet Details

Pet Fee YN
No

Qualifying Requirements

Minimum Credit Score YN
Yes
Minimum Credit Score
650

Price Calculations

Current Price To SqFt
108.09

Originating Details

Originating System Key
20260909192104867302000000
Originating System ID
M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom
IDX
Listing Office: Real Estate II Inc
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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