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Built in 1980 - 448 units in total - 5 floors

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Building Information

Palm Lakes (14 blocks)

Number of units: 448
Active listings for rent: 7
Active listings for sale: 27
Building inventory for sale: 6%
Number of sales over the last 12 months: 25
Number of sales over the last 6 months: 14
Number of sales over the last 3 months: 7
Avg. time to close over last 12 months: 92 days

Address

7301 NW 1 St, Margate, Broward, FL, 33063

Palm Lakes Managed by
OCEAN BREEZE COMMUNITY MANAGEMENT, LLC
1967 10th Ave N,
Lake Worth, FL 33461
Office: 561-770-1052
Fax: 561-770-1914

Link: https://www.palmlakecondos.com/home/

Recent Sales

Unit # Size Closing Date Sale Price PPSF
401 1,110 sq ft Mar 2026 $87,000 $78
401 1,110 sq ft Mar 2026 $87,000 $78
404 960 sq ft Feb 2026 $97,500 $102
401 1,110 sq ft Feb 2026 $115,000 $104
401 1,110 sq ft Feb 2026 $115,000 $104
303 1,100 sq ft Feb 2026 $145,000 $132

Market Information

Building vs Area

Palm Lakes (14 blocks): $90/sq. ft.
Margate: $163/sq. ft.

Area vs City

Margate $163/sq. ft.
Broward $304/sq. ft.

Inventory for sale

Margate: 5%
Broward: 6%

Avg. time to close over last 12 months

Palm Lakes (14 blocks) 92 days
Margate: 81 days
Broward: 89 days