7431 Nw 1st St Unit 407

7431 Nw 1st St Unit 407, Margate, FL, 33063 |Palm Lakes

Description

7431 NW 1st St Unit 407 sits in Margate, Florida, near the intersection of Southgate Boulevard and Rock Island Road. This mid-rise building has a total of 4 stories and offers waterfront views of the Southgate Linear Canal. Residents here enjoy a pleasant neighborhood atmosphere while being part of the Palm Lakes community. The building includes 8 condominium units, with sizes ranging from 960 to 1,110 square feet. Each unit has one or two bedrooms, providing enough space for individuals and small families. Construction of the property finished in 1980, giving it a solid and established feel in the area. Pricing for the units varies, with recent prices between $170,000 and $189,000. The lowest sold price in the last year was around $105,000. The average closed price stands at $105,000. Units typically remain on the market for about 134 days, offering a good reflection of market activity. Residents have access to several amenities that enhance daily living. The heated pool and spa provide great relaxation options. The clubhouse and community room host social gatherings. For fitness needs, there is an exercise room and access to tennis courts. A barbecue area and library offer additional recreational choices. Living in this building means enjoying features like spacious condos and large balconies. The community caters to a 55+ demographic, promoting an active lifestyle among its members. While some units offer enclosed patios and tiled living areas, the overall atmosphere remains welcoming and comfortable. Nearby dining options include Golden Jade Inc Restaurant, Creole Bistro, and Pasta Bowl. The location balances a calm residential vibe with access to local convenience. This property serves as an appealing choice for those looking for waterfront living in a vibrant community.