8240 NW 120th Way, Parkland FL 33076, PARKLAND, FL, 33076
Active67 days on marketListed Jun 11, 2026MLS #B26039819
About this home
8240 NW 120th Way, Parkland FL 33076
Beautifully turn key updated 3BD/2BA lakefront home in Somerset at Heron Bay featuring a flex room, versatile floor plan for dining room, office/den (possible 4th BR) This well-maintained home offers a 2-car garage and upgrades including a Generac full house generator, new A/C (2025), impact front door/windows, crown molding, plantation shutters, custom closets, and wood floors in bedrooms. Kitchen features granite island, Carrara marble backsplash, newer appliances (2024-2025), plus natural gas cooktop, tankless water heater, and gas dryer. Family room with stone accent wall and impact French doors. Enjoy a screened patio (22x24), lake views, and added features like WiFi garage opener and built-in storage.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,904
Sqft
0.16 ac
Lot size
2
Garage
2013
Year built
1
Levels
$446
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$6,183 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$6,183/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−4.7%
$/sqft vs Parkland actives
$446 vs $391
Days on market
67 vs 37 typical
Where $446/sqft sits among the 177 Parkland actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The investor lens
Two ways this home pays
This home sits inside Somerset, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$6,750/mo median
Live Parkland rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Somerset
Somerset is a short-term-rental community. See the full guide →
PARKLAND 33076 — neighborhood snapshot
Population
44,263
Median age
38.6
Median income
$174,560
Median home value
$745,400
Avg household
3.3
Households w/ children
6,514
For the school run
Broward County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Parkland market
$1.1M → $1.4M
Parkland median sold, yr/yr
96.8%
Sale-to-list ratio (12 mo)
21 of 177
Parkland actives have cut their price
Median sold price, Parkland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 6% below the PARKLAND 33076 median. See the full Parkland market guide →
Paper trail
This home's history
Reality check
What actually sold near 8240 NW 120th Way
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$697,000
12471 NW 78th Mnr, Parkland FL 33076
3 bd · 2 ba · 1,913 sqft · $364/sqft · 96 DOM
Sold · Nov ’25$595,000
7277 NW 108 Way # 7277, Parkland FL 33076
4 bd · 2.5 ba · 1,874 sqft · $318/sqft · 15 DOM
Sold · Dec ’25$600,000
7242 NW 108th Way, Parkland FL 33076
4 bd · 2.5 ba · 1,839 sqft · $326/sqft · 16 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 8240 NW 120th Way — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 8240 NW 120th Way — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
8240 NW 120th Way FAQs
What would the monthly payment be for 8240 NW 120th Way, Parkland FL 33076?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,183/mo — principal and interest, the actual property-tax bill, the $334/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 8240 NW 120th Way, Parkland FL 33076?+
The association fee works out to $334 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 8240 NW 120th Way, Parkland FL 33076?+
The most recent tax bill on record (2025) was $9,469. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 8240 NW 120th Way, Parkland FL 33076 be rented short-term?+
Yes — this home sits inside Somerset, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at 8240 NW 120th Way, Parkland FL 33076?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Parkland?+
At $849,000, this home is listed about 32% below the Parkland median of $1,250,000. The market section on this page shows how the area is trending.
Which schools are assigned to 8240 NW 120th Way, Parkland FL 33076?+
Marjory Stoneman Douglas High School (high), Park Trails Elementary School (elementary), Westglades Middle School (middle) — Broward County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the PARKLAND 33076 market on paper
$849,000 is 6% below the PARKLAND 33076 median of $899,000.
02Zoned for nightly rentals
Somerset is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
04Strong assigned schools
Marjory Stoneman Douglas High School, Park Trails Elementary School, Westglades Middle School — Marjory Stoneman Douglas High School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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