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+34 photosWaterfront home — 7471 SW 1st Street · Oriole-Margate · Margate
South Florida Luxury Living
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Open property magazine$499,900
7471 SW 1st Street, Margate, FL 33068
Margate, FL, 33068
3 bd · 2 ba · 1,428 sqft
Listed by LPT Realty, LLC
7471 SW 1st Street, Margate, FL 33068
Listed by LPT Realty, LLC
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Estimated monthly payment
$3,888/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 $3,888/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: AH · verify insurance quotes before buying.
About this home
Find similar homesPrice to sell!!!Don’t miss the chance to own this beautifully maintained home in the heart of Margate, offering a rare backyard setting with both a peaceful greenway and canal view - creating added privacy and a relaxing outdoor atmosphere.The spacious fenced yard is perfect for entertaining family and friends, having pets, or future outdoor enhancements - even a pool! And, it includes a convenient storage shed. Inside this home, buyers will appreciate impact windows, updated bathrooms, custom-built closets and abundant storage throughout.Enjoy seamless indoor-outdoor living with a screened patio accessible from both the main living area and the primary bedroom - an ideal spot for morning coffee or unwinding in the evenings. The sprinkler system is connected to the canal, helping maintain the yard efficiently at no additional cost.Located in a flood-free zone and close to shopping, dining, parks, and major roadways, this property offers comfort, convenience, and long-term value.Homes with this kind of lot size, backyard and location are hard to find - schedule your private showing with me today!
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
200 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.
Property Details
Your costs (est.)
≈ $3,888/mo
7471 SW 1st Street, Margate, FL 33068 · Margate
Location
7471 SW 1st Street, Margate, FL 33068
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 7471 SW 1st Street, Margate, FL 33068?+
Property tax (after sale): $940/month est.; homeowners insurance: $354/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,294/month est. Principal and interest: $2,594/month; PMI: $0/month. Total for the payment scenario shown: $3,888/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 7471 SW 1st 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 7471 SW 1st 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 7471 SW 1st 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.
What extra costs come with the waterfront at 7471 SW 1st Street, Margate, FL 33068?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 7471 SW 1st Street, Margate, FL 33068?+
This listing has been on the market 200 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 · 0.3 mi from this home · 408 Sw 76Th Ter, North Lauderdale
Silver Lakes Middle School
Middle school · 1.1 mi from this home · 7600 Tam Oshanter Blvd, North Lauderdale
Coconut Creek High School
High school · 2.9 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
Zimmerman School House Dba Lion Star Academy
Pre-K & Kindergarten · Private · Grades 3–12 · Coral Springs
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
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?
$499,900 · MLS A12008389
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