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+9 photosLuxury estate — 6810 SW 7th Street · Margate
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Open property magazine$11,500,000
6810 SW 7th Street, Margate, FL 33068
Margate, FL, 33068
— bd · 0 ba · 27,408 sqft
Listed by Stoic Estates, LLC.
6810 SW 7th Street, Margate, FL 33068
Listed by Stoic Estates, LLC.
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Estimated monthly payment
$89,551/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 $89,551/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 homesOutstanding investment or owner-user opportunity in the heart of Margate. This free-standing commercial property is purpose-built and fully licensed for 111 beds assisted living, offering a rare combination of scale, functionality, and location. Set on a 1.3855-acre lot and boasting 23,382 sq. ft. of living space, this well-maintained facility is thoughtfully designed to provide comfort, safety, and operational efficiency, spacious common areas, shared, private, and semi-private rooms, and commercial-grade kitchen facilities. The property’s size and layout allow for a substantial resident capacity while maintaining an intimate, home-like atmosphere. Located near medical centers and community amenities, it offers both convenience and accessibility for families and healthcare providers.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 8%
The seller has come down from $12,500,000 to $11,500,000 — a $1,000,000 reduction since it came on the market.
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.
Property Details
Your costs (est.)
≈ $89,551/mo
6810 SW 7th Street, Margate, FL 33068 · Margate
Location
6810 SW 7th Street, Margate, FL 33068
What buyers ask about this home
What are the estimated monthly carrying costs at 6810 SW 7th Street, Margate, FL 33068?+
Property tax (after sale): $21,632/month est.; homeowners insurance: $8,248/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $29,880/month est. Principal and interest: $59,671/month; PMI: $0/month. Total for the payment scenario shown: $89,551/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 6810 SW 7th Street, Margate, FL 33068?+
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 6810 SW 7th Street, Margate, FL 33068 need flood insurance, and what drives the premium?+
Most of Margate 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 an inspection focus on for a home like 6810 SW 7th Street, Margate, FL 33068?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 6810 SW 7th Street, Margate, FL 33068?+
This listing has been on the market 41 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 Margate, 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
Morrow Elementary School
Elementary · 0.6 mi from this home · 408 Sw 76Th Ter, North Lauderdale
Silver Lakes Middle School
Middle school · 0.8 mi from this home · 7600 Tam Oshanter Blvd, North Lauderdale
Coconut Creek High School
High school · 2.8 mi from this home · 1400 Nw 44Th Ave, Coconut Creek
Zone boundaries published by Broward County Public Schools.
Other options for this address
Somerset Preparatory Academy Charter School At North Lauder
Elementary · Charter · Grades PK–8 · North Lauderdale
Imagine Charter School At North Lauderdale Elementary
Elementary · Charter · Grades PK–5 · North Lauderdale
North Broward Academy Of Excellence Middle
Middle school · Charter · Grades 6–8 · North Lauderdale
Somerset Academy Riverside Charter Middle School
Middle school · Charter · Grades 6–8 · Coral Springs
Somerset Preparatory Academy Charter High At North Lauderda
High school · Charter · Grades 9–12 · North Lauderdale
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
Rhema Word Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Fort Lauderdale
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
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Simon Gedz
Realtor® since 1995
Interested in this property?
$11,500,000 · MLS A12098306
$11,500,000
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