7320 Lake Circle Drive 407, Margate, FL 33063

$119,400

Virtual Tour

https://www.propertypanorama.com/7320-Lake-Circle-Dr-Unit-407-Margate-FL-33063/unbranded

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Active

Current Price: $119,400 List Date: 6/15/2026 Last Modified: 7/18/2026

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# F10482704

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: 7
Stories: 4
Direction Faces: East
Furnished: Negotiable
LP/Assessed Value: 0.81
Lot Size Area: 0

Property Features

Application Information: 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 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 Heating: Central; Electric Interior Features: Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Negotiable Restrictions: Other Restrictions Security Features: None Special Information: Sold As-Is Structure Type: Multi Family Tax Information: No Homestead Unit Description: Penthouse Utilities: Cable Available Water Access: None Water View: Lake Waterfront Features: Lake Front Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 174900
Occupant Type: Owner

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 7320
Street Name: Lake Circle
Street Suffix: Drive
Unit Number: 407
City Name: Margate
State Or Province: FL
Postal Code: 33063
Postal Code +4: 4821
Postal Zip: 33063
Subdivision Name: PALM LAKES
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: 484135g30630
Directions: ROCK ISLAND RD. JUST SOUTH OF ATLANTIC BLVD. JUST PAST PUBLIX. MAKE A RIGHT AND FOLLOW TO BLDG. #3
Building Name: 3

Financial Information

Association YN: Yes
Association Fee: 2279
Association Fee Frequency: Quarterly
Application Required YN: Yes
Association Phone: 954-971-1719
Estimated Monthly Assoc Recurring Fee: 760
Membership Fee Required YN: No
Tax Annual Amount: 3054
Tax Year: 2023
Tax Assessed/SOH Value: 147520
Tax Legal Description: PALM LAKES CONDO UNIT 407 BLDG 3 AKA PHASE #2 PER CDO BK/PG: 8555/223
Assessor Market Value: 147520

Status Change Information

Major Change Timestamp: 2026-06-15T18:42:55Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-15T18:42:55Z
Status Change Date: 2026-06-15
Back on Market Date: 2026-06-15

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Co-Ownership

Property Management YN: No

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Qualifying Requirements

Minimum Credit Score YN: Yes
Minimum Credit Score: 650

Price Calculations

Current Price To SqFt: 108.54

Section Details

Parcel Number MLX: 0630

Originating Details

Originating System Key: 592918658
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Information

Personal Interview Required: Yes

Amenities

Billiard Room: Yes
Car Wash Area: Yes
Clubhouse: Yes
Community Room: Yes
Fitness Center: Yes
Pool: Yes
Sauna: Yes
Shuffleboard Court: Yes
Spa/Hot Tub: Yes
Storage: Yes
Trash Chute: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Maintenance Structure: Yes
Pest Control: Yes
Recreation Facility: Yes
Roof Repairs: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes
Eat-In Kitchen: Yes

Exterior Features

Other: Yes

Flooring

Laminate: Yes
Tile: Yes

Parking Features

Assigned: Yes
Guest: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Possession

Negotiable: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Electric: Yes

Unit Description

Penthouse: Yes

Water Access

None: Yes

Water View

Lake: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Construction Materials

CBS: Yes

Interior Features

Walk-In Closet(s): Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

None: Yes

Waterfront Features

Lake Front: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Breed Restrictions: Yes

Restrictions

Other Restrictions: Yes

Tax Information

No Homestead: Yes

Room Types

Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Listing Office: Real Estate II Inc

Last Updated: July - 18 - 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.

7320 Lake Circle Drive 407, Margate, FL 33063 (MLS# F10482704)