Waterfront home — 7551 SW 42nd Place · Everglade Land Sales Co · Davie
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7551 SW 42nd Place, Davie, FL 33314
Davie, FL, 33314
Listed by Non-MLS Member
7551 SW 42nd Place, Davie, FL 33314
Listed by Non-MLS Member
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Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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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
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $3,086/mo
- Property tax (after sale) est.
- $503/mo
- Homeowners insurance est.
- $488/mo
- HOA
- $13/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
7551 SW 42nd Place, Davie, FL 33314
Estimated cash to close est.
$136,926.07
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $475,800.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$136,926.07
- Down payment est.
- $118,950.00
- Mortgage note documentary stamps est.
- $1,665.30
- Mortgage intangible tax est.
- $951.60
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $3,049.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $1,006.67
- Insurance escrow (2 months) est.
- $975.50
- First-year insurance premium est.
- $5,853.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone X 0.2 Percent Annual Chance Flood HazardNot federally required
- Homeowners insurance est.
- $488 / month
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: X
Moderate mapped flood risk; flooding is still possible.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
- Roof type
- Shingle
- Roof year
- Not provided —
- Impact windows / doors
- Not provided —
- Shutters
- Not provided —
- Window features
- Plantation Shutters
- Year built
- 1976
Homeowners insurance: $488 / month est.
- Annual premium est.
- $5,548
- Fees & taxes est.
- $305
- Annual total est.
- $5,853
- Likely range est.
- $4,975–$7,023
- Dwelling coverage est.
- $402,000
- Other structures est.
- $8,040
- Personal property est.
- $80,400
- Loss of use est.
- $40,200
- Hurricane deductible (2%) est.
- $8,040
Based on the listing: 1,608 sq ft · built 1976 · one story.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · coastal rating band · roof 6–15 years old · gable roof · standard finish · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
Zone X. Flood insurance is not federally required, but it is strongly recommended and usually available at lower rates.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesVirtually Staged. * NEW ROOF COMING SOON * NEW WATER HEATER OCT 2025 * NEW AC 2023 * WATERFRONT HOME * OVER-SIZED LOT * LOW $150 ANNUAL LAKE FEE * NO HOA * Ideally located in sought-after Lakeshore Ranches, less than 2 miles from Nova Southeastern University & HCA Florida University Hospital. Spacious 3-bed 2-bath Waterfront Home on peaceful dead-end street. Relaxed South Florida lifestyle with water views, and convenient access to beaches, shopping, dining, entertainment, downtown Davie, cruise ports, 2 Intl Airports, Hard Rock Stadium, and major transport routes. ALL for a LOW $150 annual lake fee. Split floor plan includes 3 beds 2 baths, with kitchen and family room conveniently separated from living room and formal dining room. Access the waterfront backyard via sliding doors from 3 areas of the home: dining/living rm, kitchen/family rm, and primary suite. Plantation Shutters plus all kitchen appliances and washer dryer, are included. Daily fishing, kayaking, swimming, paddle-boarding and personal waterfront views from the covered lanai. LOW $150 annual lake fee gives you the waterfront lifestyle with minimal expense. Tri-Rail and Brightline stations 20 mins away. Easy access to Florida’s Turnpike and I-595 makes commuting and travel simple. Home offers amazing space, privacy, outdoor living, and location. A great opportunity for first-time buyers, families, snowbirds, and investors seeking a South Florida home with no HOA and an affordable annual lake fee. ** BEAUTIFUL WATERFRONT HOME ** OVER-SIZED LOT ** FRUIT TREES ** LOW LOW LOW $150 ANNUAL HOA ** Location location location. Live Close to Fabulous Beaches, TWO International Airports, Downtown Davie, Stores, Restaurants, Cruise Ports, Hard Rock Stadium (home of the Miami Dolphins and the Miami Open Tennis Tournament), AND less than 2 miles to Nova Southeastern University (NSU) and HCA Florida University Hospital. This perfectly located Waterfront Home, in sought-after LAKESHORE RANCHES in Davie, South Florida, is a Hidden Gem. An outstanding spacious Home, situated on a dead-end street. Split-plan with 3 bedrooms and 2 bathrooms, and the Kitchen and Family room thoughtfully separated from the Living Room and Formal Dining Room. All kitchen Whirlpool Energy Star appliances are included, PLUS Maytag Washer and Dryer, AND Plantation Shutters in the Living Room. AC NEW 2023. Come Home and relax or entertain in your own beautiful backyard retreat, with easy-care landscaping, palm trees and fruit trees. You will access your Landscaped Backyard and Waterfront Oasis THREE different Ways. Via Sliding doors from your Dining/Living Room, via Sliding doors from your Kitchen/Family Room, AND also via Sliding doors from your PRIMARY SUITE. Step into your Backyard and enjoy Personal Water Views, Banana Trees, Palm Trees, all while Relaxing on your Lanai/Covered Porch. This House gives you the Gift of DAILY Fishing, Kayaking, Paddle-boarding, Swimming, etc. (non-motorized activities are welcome). There are also 2 Swim-Platforms for you to utilize. The LOW LOW LOW $150 annual fee to the Lake Association, covers the cost of treatment & general upkeep of the Lake. The House comes complete with electronic surveillance cameras and an FPL power saver system box. The proximity of this Wonderful Home to ALL that Florida has to offer, makes this an AMAZING OPPORTUNITY for First-time buyers, Families, Snowbirds and Investors alike. Just 15 Minutes to Fort Lauderdale-Hollywood International Airport (FLL), for non-stop domestic and International flights, PLUS the ADDITIONAL option of Miami International Airport just 20 miles away. You can drive to the Tri-Rail Train Station in approx 15 minutes, and the Brightline Train Station Ft Lauderdale in approx 20 minutes, offering you direct and simple travel to Orlando. There are additional access links via Floridas Turnpike and I-595.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
156 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
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7551 SW 42nd Place, Davie, FL 33314 · Davie
Location
7551 SW 42nd Place, Davie, FL 33314
What buyers ask about this home
What are the estimated monthly carrying costs at 7551 SW 42nd Place, Davie, FL 33314?+
Property tax (after sale): $503/month est.; homeowners insurance: $488/month est.; HOA: $13/month. Fixed ownership costs before a mortgage: $1,004/month est. Principal and interest: $3,086/month; PMI: $0/month. Total for the payment scenario shown: $4,090/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 7551 SW 42nd Place, Davie, FL 33314?+
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 7551 SW 42nd Place, Davie, FL 33314 need flood insurance, and what drives the premium?+
Most of Davie 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 7551 SW 42nd Place, Davie, FL 33314?+
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 7551 SW 42nd Place, Davie, FL 33314?+
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 7551 SW 42nd Place, Davie, FL 33314?+
This listing has been on the market 156 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 Davie, 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
Zone boundaries published by Broward County Public Schools.
Other options for this address
Know-It-All Preparatory School And Tutoring Center
Pre-K & Kindergarten · Private · Grades K–12 · Davie
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.
Simon Gedz
Realtor® since 1995
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