Royal Palm Acres

It's a small, established waterfront neighborhood in central Broward where every current listing sits on a canal or lake. Families often weigh it for the Nova school feeder, including Nova Middle School and Nova Dwight D. Eisenhower Elementary. The scale is intimate — just 9 homes on the market right now.

It runs above the broader Lauderdale Lakes average, largely because the inventory is waterfront. The median list price is $660,000, with active homes ranging from $570,000 to $750,000, and pricing works out to about $483 per square foot. You can compare it against nearby Oakland Estates to see where the value sits.

Active listings carry a median list price of $660,000 for a median home size around 1,377 square feet. Over the past 12 months, 7 homes sold at a median of $457,000 — a reminder that closing prices have come in well below current asking. Renters see a median around $4,200 per month.

It's a slow, low-volume market with room for buyers. Homes take a median of 57 days to sell, only 7 closed in the past year, and sellers are getting about 94% of their asking price on average. That gap between list and sold means you can make a case for a lower number.

There's no reported HOA figure for this neighborhood, so budget for the tax side carefully. The median property tax runs about $11,388 per year, which is a meaningful line item at these price points. Confirm the exact assessment on any home you tour, since waterfront lots can vary.