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+25 photosLuxury condo — 1001 Colony Point Circle 503 · Colony Point 5 Condo · Pembroke Pines
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Open property magazine$110,000
1001 Colony Point Circle 503, Pembroke Pines, FL 33026
Pembroke Pines, FL, 33026
2 bd · 2 ba · 1,021 sqft
Listed by Compass Florida, LLC
1001 Colony Point Circle 503, Pembroke Pines, FL 33026
Listed by Compass Florida, LLC
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Estimated monthly payment
$1,623/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $1,623/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: X · verify insurance quotes before buying.
About this home
Find similar homesDiscover this 2-bedroom, 2-bath condo in Pembroke Pines located in the desirable Colony Point 55+ gated community. Situated on the 5th floor, this spacious residence offers 1,021 square feet of living space with a functional split-bedroom floor plan, bright living and dining areas, and plenty of potential to customize to your taste. This is an excellent opportunity for buyers seeking an affordable home in a Pembroke Pines active adult community with outstanding amenities and a central location. Colony Point is known for its resort-style clubhouse and impressive features, including a community pool, fitness center, theater, billiard room, library, card rooms, saunas, spas, tennis courts, racquetball courts, shuffleboard, walking/jogging path, fitness trail, docks, beaches, BBQ areas, tiki hut pavilions, and community bus service. This manned gated community also offers added peace of mind with 24-hour security and overnight patrol. Conveniently located near shopping, restaurants, medical offices, hospitals, parks, and major highways, this condo is ideal for buyers looking for low-maintenance South Florida living in a well-established 55 and older community in Pembroke Pines. Per association, at least one resident must be 55+, no rentals are permitted, and pets are not allowed. Great opportunity to own in one of Pembroke Pines’ most amenity-rich adult communities.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 31%
The seller has come down from $159,000 to $110,000 — a $49,000 reduction since it came on the market.
212 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Building health
- Building
- COLONY POINT 5 CONDO· MLS
- Year built
- 1980· MLS
- Stories
- 5· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- No· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $912 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Your costs (est.)
≈ $1,623/mo
1001 Colony Point Circle 503, Pembroke Pines, FL 33026 · Pembroke Pines
Location
1001 Colony Point Circle 503, Pembroke Pines, FL 33026
What buyers ask about this home
What are the estimated monthly carrying costs at 1001 Colony Point Circle 503, Pembroke Pines, FL 33026?+
Property tax (after sale): $140/month est.; homeowners insurance: $0/month est.; HOA: $912/month. Fixed ownership costs before a mortgage: $1,052/month est. Principal and interest: $571/month; PMI: $0/month. Total for the payment scenario shown: $1,623/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1001 Colony Point Circle 503, Pembroke Pines, FL 33026?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1001 Colony Point Circle 503, Pembroke Pines, FL 33026 need flood insurance, and what drives the premium?+
Most of Pembroke Pines sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 1001 Colony Point Circle 503, Pembroke Pines, FL 33026?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 1001 Colony Point Circle 503, Pembroke Pines, FL 33026 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Pembroke Pines luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 1001 Colony Point Circle 503, Pembroke Pines, FL 33026?+
This listing has been on the market 212 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Pembroke Pines, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Pembroke Lakes Elementary School
Elementary · 0.6 mi from this home · 11251 Taft St, Pembroke Pines
Walter C. Young Middle School
Middle school · 1.3 mi from this home · 901 Nw 129Th Ave, Pembroke Pines
Charles W Flanagan High School
High school · 1.4 mi from this home · 12800 Taft St, Pembroke Pines
Zone boundaries published by Broward County Public Schools.
Other options for this address
Renaissance Charter Middle School At Pines
Elementary · Charter · Grades PK–8 · Pembroke Pines
Somerset Academy Charter High School Miramar Campus
High school · Charter · Grades 9–12 · Miramar
Cooper City Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Cooper City
David Posnack Jewish Day School
Pre-K & Kindergarten · Private · Jewish · Grades PK–12 · Davie
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$110,000 · MLS A12001320
$110,000
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