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+6 photosLuxury condo — 116 Lake Emerald Drive 202 · Lake Emerald Condominium · Oakland Park
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Open property magazine$163,000
116 Lake Emerald Drive 202, Oakland Park, FL 33309
Oakland Park, FL, 33309
2 bd · 2 ba · 920 sqft
Listed by Bestway Realty Sales, LLC
116 Lake Emerald Drive 202, Oakland Park, FL 33309
Listed by Bestway Realty Sales, LLC
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Estimated monthly payment
$1,950/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 $1,950/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: AE · verify insurance quotes before buying.
About this home
Find similar homesWelcome to Lake Emerald Waterfront Community, where beautiful lake views, resort-style amenities, and an unbeatable location come together.Enjoy unobstructed lake views and spectacular sunsets from your private screened balcony. This updated unit offers a wonderful waterfront lifestyle with access to a variety of activities, including windsurfing, paddleboarding, kayaking, and more.The community is pet-friendly and secured by a 24/7 manned guard gate. Residents enjoy an impressive selection of resort-style amenities, including:3 heated swimming poolsTennis and pickleball courtsJogging pathBasketball court24/7 fitness centerActive clubhouse with café, restaurant, and barBeautiful waterfront surroundings and recreational activitiesThe HOA fee includes premium cable TV and high-speed internet, adding even more value and convenience.Ideally located near I-95, beautiful beaches, Las Olas, and Fort Lauderdale-Hollywood International Airport, this property offers easy access to dining, entertainment, shopping, and transportation.The building's 40-year inspection has been completed and passed, and the unit is fully compliant. The building is currently completing a new roof and exterior capital improvements, further enhancing the property's long-term value.Association requirements: Minimum 700 credit score and a personal interview are required for HOA approval.
Building health
- Building
- LAKE EMERALD CONDOMINIUM· MLS
- Year built
- 1985· MLS
- Stories
- 4· 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
- Yes· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $822 / 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
Dogs
Welcome here
Cats
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Your costs (est.)
≈ $1,950/mo
116 Lake Emerald Drive 202, Oakland Park, FL 33309 · Oakland Park
Location
116 Lake Emerald Drive 202, Oakland Park, FL 33309
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 116 Lake Emerald Drive 202, Oakland Park, FL 33309?+
Property tax (after sale): $282/month est.; homeowners insurance: $0/month est.; HOA: $822/month. Fixed ownership costs before a mortgage: $1,104/month est. Principal and interest: $846/month; PMI: $0/month. Total for the payment scenario shown: $1,950/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 116 Lake Emerald Drive 202, Oakland Park, FL 33309?+
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 116 Lake Emerald Drive 202, Oakland Park, FL 33309 need flood insurance, and what drives the premium?+
Most of Oakland Park 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 116 Lake Emerald Drive 202, Oakland Park, FL 33309?+
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 116 Lake Emerald Drive 202, Oakland Park, FL 33309 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Oakland Park 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 116 Lake Emerald Drive 202, Oakland Park, FL 33309?+
This listing has been on the market 63 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 Oakland Park, 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
Oriole Elementary School
Elementary · 0.5 mi from this home · 3081 Nw 39Th St, Lauderdale Lakes
Lauderdale Lakes Middle School
Middle school · 0.4 mi from this home · 3911 Nw 30Th Ave, Lauderdale Lakes
Boyd H. Anderson High School
High school · 0.5 mi from this home · 3050 Nw 41St St, Lauderdale Lakes
Zone boundaries published by Broward County Public Schools.
Other options for this address
ST. Helen Roman Catholic Church
Elementary · Private · Catholic · Grades PK–8 · Fort Lauderdale
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
Fort Lauderdale Preparatory School
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Rhema Word Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Fort Lauderdale
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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A closer look at this home and its lifestyle — dedicated to you and your family.
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Simon Gedz
Realtor® since 1995
Interested in this property?
$163,000 · MLS A12086224
$163,000
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