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

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