Condo in 7320 Lake Cir Drive 204, Margate, FL 33063 for sale with MLS# R11163007

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!!

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Days on the market

7320 Lake Cir Drive 204, Margate, FL 33063

Price
Price:
$115,000.00
Original List Price:
$130,000.00
List Price per Sq Ft (Calculated, Approx.):
$95.67
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Short Sale
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Price Reduced
Last Major Update on:
March 13, 2026 3:58 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
2
Full Bath:
2
Room Type:
Florida Room, Laundry, Kitchen, Living Room, Master Bedroom
Master Bedroom Bath:
Separate Shower
Dining Area:
Eat-in Kitchen, Kitchen Dining, Dining/Living Room
Measures
Living Area:
960 Sqft
Built-Up Area:
1,202 Sqft
Building Area Source:
Owner
Property Features
View from the Property:
Lake, Garden
Waterfront:
Yes
Waterfront Features:
Lake Front
Security:
Smoke Detector(s), Closed Circuit Camera(s), Security Patrol
Furnished:
Unfurnished
Accessibility:
Accessible Elevator Installed
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker, Water Heater, Range, Free-Standing Freezer
Interior:
Pantry, Walk-In Closet(s), Elevator
Windows:
Blinds, Plantation Shutters
Laundry:
Inside, Laundry Closet
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s)
Heating
Heating System:
Central
Property Entrance Faces:
Northeast
Storm Protection Impact Glass:
Complete
Construction
Year Built:
1979
Year Roof Installed:
2023
Levels:
Two
Construction Materials:
Block, Concrete
Flooring:
Laminate
Number of stories:
4
Structure Type:
Multi Family
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$1,875.00
Tax Year:
2025
Association Fee:
$694.13
Association Fee Frequency:
Monthly
Property Tax Details:
Homestead Exemption
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Assigned, Guest
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Cable Available, Sewer Available, Water Available
Water Source:
Public
Community
Association
Association Membership:
Mandatory
Application Required
Application Fee:
$150.00
Association Type:
Condominium
Pets Allowed?:
Size Limit (There are size restrictions on allowed pets), Yes, There is a limit on the number of pets allowed
Amenities Provided by the Homeowner's Association (HOA):
Pool, Clubhouse, Storage, Elevator(s), Shuffleboard Court, Parking, Street Lights
Building Name:
3
Subdivision Name:
PALM LAKES CONDO
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Pest Control, Common Areas, Hot Water, Elevator
Senior Community:
Yes
Development Name:
PALM LAKES
Association Phone:
954-451-0099
Association Minimum Credit Score:
650
Restrictions:
Buyer Approval Required
Terms
Listing Terms Considered by Seller:
Cash
Occupant Type:
Tenant Occupied
Buyer Possession:
Negotiable, Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
PALM LAKES CONDO UNIT 204 BLDG 3 AKA PHASE #2 PER CDO BK/PG: 8555/223
Real Estate Folio Number (Parcel Number):
484135g30440
Zoning:
Res
Listing History
Active on the market since:
February 12, 2026
Listing Agreement executed on:
February 12, 2026
Price change occurred on:
March 13, 2026 3:58 pm
Listing Status Last Changed On:
February 12, 2026 2:31 pm
Photos updated on:
March 16, 2026 4:19 pm
Last Modified:
June 18, 2026 9:36 am
Additional Information
Courtesy of:
The Keyes Company
Attribution:
Not provided
Location
Street Name:
Lake Cir
Street Number:
7320
Unit Number:
204
City:
Margate
State:
Florida
Zip Code:
33063
County:
Broward
Latitude:
N26° 14' 2.4''
Longitude:
W81° 46' 30.5''
Street Suffix:
Drive
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $62,930
Median Home Value $270,100
Median Rent $1,790/mo
Median Age 45
Population 55,539
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This listing can also be located in the MLS system as RX-11163007
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed by the MLS or the real estate broker. ©2026 BeachesMLS, Inc. The information provided is 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. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.