7320 Lake Cir Drive # 204, Margate FL 33063, MARGATE, FL, 33063
Active187 days on marketListed Feb 12, 2026MLS #R11163007
About this home
7320 Lake Cir Drive # 204, Margate FL 33063
Welcome to Palm Lakes, a sought after 55+ community offering comfort, convenience, and an active lifestyle. This beautifully renovated and spacious 1 bedroom, 2 bathroom condo is truly move in ready. Thoughtfully updated in 2024, the home features a hurricane impact front door and impact windows for enhanced security, energy efficiency, and peace of mind. A newly enclosed 28 x 10 patio with impact windows adds exceptional bonus living space, perfect for relaxing, entertaining, or creating a bright home office retreat. Stylish new water resistant laminate flooring throughout gives the entire residence a clean, modern feel. The updated kitchen showcases stainless steel appliances and granite countertops, blending functionality with timeless design. Plantation shutters and elegant zebra blinds add both privacy and sophistication. The AC unit was replaced in 2018, providing reliable year round comfort. Ideally positioned right off the elevator for easy access, this unit also includes convenient outside storage. Minimum credit score requirement is 650. Enjoy low maintenance living in a well maintained community, close to shopping, dining, and everything you need. This is the perfect opportunity to enjoy a stylish, updated home in one of Palm Lakes' desirable 55+ settings. ***No special assessments!!
Facts & features
The home at a glance
1
Bedrooms
2
Bathrooms
960
Sqft
0 ac
Lot size
1979
Year built
$120
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.
$1,738 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$1,738/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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
−19.2%
$/sqft vs Margate actives
$120 vs $175
Days on market
187 vs 76 typical
Where $120/sqft sits among the 400 Margate 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.
Where it sits
Inside Oriole Gardens
Get to know Margate. See the full Margate guide →
Oriole Gardens — neighborhood snapshot
Population
6,330
Median age
51
Median income
$61,978
Median home value
$261,263
Avg household
2
Households w/ children
422
For the school run
Broward County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Margate market
$465K → $338K
Margate median sold, yr/yr
98.8%
Sale-to-list ratio (12 mo)
36 of 400
Margate actives have cut their price
Median sold price, Margate, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 7% below the MARGATE 33063 median. See the full Margate market guide →
Paper trail
This home's history
Reality check
What actually sold near 7320 Lake Cir Drive # 204
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$128,000
7210 Lake Cir Dr # 205, Margate FL 33063 · same community
2 bd · 2 ba · 1,100 sqft · $116/sqft · 302 DOM
Sold · Nov ’25$95,000
601 S State Road 7 # 2H, Margate FL 33068
2 bd · 2 ba · 960 sqft · $99/sqft · 27 DOM
Sold · Jul ’26$105,000
7300 Lake Cir Drive # 404, Margate FL 33063
1 bd · 2 ba · 960 sqft · $109/sqft · 72 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 7320 Lake Cir Drive # 204 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7320 Lake Cir Drive # 204 — 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
7320 Lake Cir Drive # 204 FAQs
What would the monthly payment be for 7320 Lake Cir Drive # 204, Margate FL 33063?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,738/mo — principal and interest, the actual property-tax bill, the $694/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 7320 Lake Cir Drive # 204, Margate FL 33063?+
The association fee works out to $694 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7320 Lake Cir Drive # 204, Margate FL 33063?+
The most recent tax bill on record (2025) was $1,875. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 7320 Lake Cir Drive # 204, Margate FL 33063?+
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 Margate?+
At $115,000, this home is listed about 30% below the Margate median of $165,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7320 Lake Cir Drive # 204, Margate FL 33063?+
Morrow Elementary School (elementary), Silver Lakes Middle School (middle), Coconut Creek High School (high) — Broward County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Under the MARGATE 33063 market on paper
$115,000 is 7% below the MARGATE 33063 median of $123,950, and at $120/sqft it sits under the Margate average of $238.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $694/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
187 days on market against a Margate median of 76 — sellers in this position are usually ready to negotiate.
05The price has already moved
Listed at $130,000, now $115,000 — a $15K cut. The full history is in the market section below.
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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