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Palm Lakes Condominiums

Palm Lakes Condominiums

Palm Lakes Condominiums
Condominium Building Complex
The Costar Building Rating

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7320 Lake Circle Dr,
Margate, FL 33063-4895
448 Units
4 Stories
1980 Year Built
$124K - $208K Value Range

Available Units

For Sale
For Rent

Highlights

  • Lake Front
  • Fitness Center
  • Senior Community
  • Clubhouse
  • Garden View
  • Sauna

A serene 55+ community in the heart of South Florida

Palm Lakes Condominiums, completed in 1980, is a four-story residential complex located in the Oriole Gardens neighborhood of Margate, Florida. This 55+ community comprises 448 units, offering a tranquil living environment for active adults. The building's design, while functional, blends seamlessly with the lush subtropical landscape, providing residents with a peaceful retreat in the bustling South Florida region.

Spacious units with lake views and modern amenities

Palm Lakes offers a variety of floor plans to suit different lifestyles, ranging from one to three-bedroom layouts. One-bedroom units span approximately 1,000 square feet and feature two bathrooms, providing ample space for singles or couples. Two-bedroom units, the most common, range from 960 to 1,110 square feet, also with two bathrooms. These units are currently priced between $155,000 and $259,000. For those requiring more space, three-bedroom units are available, measuring 1,100 to 1,110 square feet with two bathrooms. Many units boast picturesque lake views and lush landscaping, visible from spacious screened balconies or enclosed Florida rooms. Interiors typically feature tiled floors throughout, with some units offering updated kitchens complete with European-style cabinetry, wrap-around counters, and pass-through windows. Large master bedrooms often include walk-in closets, while second bedrooms provide flexibility for guest accommodations or home offices. Kitchens are equipped with essential appliances, including refrigerators, ranges, dishwashers, and microwaves. In-unit washer and dryer hookups are standard, with many units already featuring these appliances. Additional comforts include ceiling fans and ample storage space, with some units offering extra storage lockers near the elevators. Monthly HOA fees range from $500 to $700, covering amenities, common areas, cable TV, structural maintenance, parking, pest control, roof upkeep, trash removal, and water services.

Resort-inspired amenities for an active lifestyle

Palm Lakes Condominiums offers an array of amenities designed to enhance the lifestyle of its residents. The centerpiece is a resort-style clubhouse, serving as the community's social hub. Here, residents can enjoy a state-of-the-art fitness center, perfect for maintaining an active lifestyle without leaving the premises. For relaxation and recreation, the property features multiple heated pools, including a hotel-style pool ideal for lap swimming or leisurely dips. A hot tub provides a soothing retreat for unwinding after a workout or simply enjoying the Florida sunshine. Tennis enthusiasts can take advantage of the on-site tennis court, while those looking for indoor activities can visit the billiards room or the community auditorium, which hosts various events and gatherings. The property also includes a sauna for those seeking a spa-like experience, and barbecue areas for outdoor cooking and socializing. These communal spaces foster a sense of community among residents, encouraging social interaction and shared experiences. Palm Lakes is a pet-friendly community, allowing residents to keep up to two pets weighing under 20 pounds each, subject to mild restrictions. This policy enables animal lovers to enjoy companionship without compromising the comfort of other residents. While specific details about parking arrangements are not provided, the inclusion of parking in the HOA fees suggests that residents have access to parking within the complex.

Convenient suburban living with easy access to urban amenities

Palm Lakes Condominiums is situated in the Oriole Gardens neighborhood of Margate, offering residents a blend of suburban tranquility and urban convenience. The area provides a comfortable living environment for its residents. Shopping enthusiasts will appreciate the proximity to Coral Square Mall, just a short drive away. This retail hub features over 120 stores and 15 eateries, catering to a wide range of shopping and dining preferences. For everyday necessities, Palm Lakes Plaza, located within the neighborhood, houses a Publix Supermarket (currently undergoing renovations) and various local businesses. Nature lovers can explore several nearby parks. Veterans Memorial Park, a short walk from the complex, offers boating and fishing opportunities along the Stranahan River, as well as picnic areas and restrooms. Oriole Park, also within walking distance, provides sports facilities including baseball fields and soccer pitches. For those seeking outdoor recreation, the Cypress Creek Greenway Bicycle trail runs along the river, offering miles of scenic paths for cycling and walking. Golf enthusiasts can enjoy the semi-private Oriole Golf Club, which welcomes public players and hosts regular games throughout the week. Dining options in the area cater to various tastes and budgets. Local favorites include Spanky's Cheesesteak & Wings Factory, known for its comfort food, and La Parrilla Rotisserie & Grill, offering Latin American cuisine. For those preferring to cook at home, Sedano's Supermarket, a chain with Cuban roots, is within walking distance and provides a wide selection of groceries and produce. The neighborhood is served by the Broward County Public School District. Nearby schools include Morrow Elementary School and Silver Lakes Middle School, both within a short drive. Coconut Creek High School, slightly further away, offers additional educational programs including a partnership with Atlantic Technical College for career-oriented studies. Community events are a regular feature of life in the area. The city of Margate hosts various celebrations throughout the year, including the popular Sounds at Sundown concert series, featuring live music and food trucks.

Car-centric area with some public transit options

While Palm Lakes Condominiums is primarily situated in a car-dependent area, there are some public transportation options available for residents. The nearest bus stop, Atlantic B & NW 76 A, is a short five-minute walk from the complex. This stop is served by the Atlantic Blv Local bus line, providing connections to other parts of the city and beyond. For those who prefer to drive, the community's location offers easy access to major thoroughfares. Atlantic Boulevard serves as the main artery, connecting residents to nearby amenities and other parts of the city. The proximity to these roads also facilitates quick trips to neighboring towns and cities. Cyclists will find the area accommodating, with bike-friendly streets and paths in the vicinity. The nearby Cypress Creek Greenway Bicycle trail offers a scenic route for both recreational riders and those using bikes for transportation. For longer-distance travel, Fort Lauderdale/Hollywood International Airport is approximately an 18-mile drive, typically reachable in about 30 minutes, depending on traffic conditions. This proximity provides convenient access for residents who frequently travel or receive out-of-town guests. While the area's transit infrastructure may not be as extensive as in more urban settings, the combination of local bus service, bike-friendly streets, and easy car access ensures that residents of Palm Lakes Condominiums can navigate the region effectively, whether for daily errands or leisure activities.

Available Units

Building Details

Views

  • Lake
  • Garden

Recreation

  • Billiard Room
  • Outdoor Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Outdoor Features

  • Lake Front
  • Picnic Area

Amenities

  • Sauna
  • Clubhouse
  • Theater or Screening Room
  • Bike Room
  • Community Storage Space
  • Security Guard

Parking

  • 1 Car Parking Space
  • Guest Parking
  • Assigned Parking

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Condo Association

  • Senior Community
  • $698 Monthly HOA Fees
  • Monthly HOA Fees Range from $613 - $772
  • Association fees include amenities, common areas, cable TV, hot water, maintenance structure, pest control, pool(s), reserve fund, roof, sewer, trash, water
  • Palm Lakes Condo
  • Palm Lakes Condo Subdivision

Building Design

  • Low-Rise Condominium
  • Elevator

Unit Information By Building

Unit
301
Beds
2 Beds
Baths
2 Baths
Sq Ft
1,110
Price
$229,000
Price / Sq Ft
$206 / Sq Ft
List Date
01/06/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
960 - 1,202
Est. Values
$124,484 - $163,507
2 Bedroom Units
Sq Ft Range
960 - 1,140
Est. Values
$125,756 - $207,522
3 Bedroom Units
Sq Ft Range
1,100 - 1,110
Est. Values
$156,387 - $178,101
All Units
Sq Ft Range
960 - 1,202
Est. Values
$124,484 - $207,522

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

75 / 100

Somewhat Walkable

Walk Score®

59 / 100

Minimal Transit

Transit Score®

24 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

74 / 100

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Air Pollution®

N/A / 10

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Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$40K - $175K
Range of Taxes in Building
$373 - $4,576
Range of Taxes per Sq Ft
$0.39 - $4.12

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.