Margate, FL Market Report

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The City of Margate is located in Broward County and is part of the Miami-Fort Lauderdale-Pompano Beach Metropolitan Statistical Area. With a population of 59,116 (Bureau of Economic and Business Research, 2019 Estimates), Margate is the 14th largest of the 31 cities in Broward County.

Margate encompasses a nine-square-mile area of tree-lined streets and 30 miles of canals. The City of Margate is only 7.5 miles from the Atlantic Ocean and approximately 20 minutes from the Fort Lauderdale[1]Hollywood International Airport and Port Everglades.

The City of Margate was created as a municipal corporation in 1955 known as the Town of Margate. In 1961, the Town of Margate was incorporated as a City. “Margate” is said to have derived its name from the first three letters of the founder’s last name, Jack Marqusee, and the first four letters of gateway, since it was considered a “gateway” to western Broward County. CRA 1903

Margate is widely known for its exceptional hometown quality of life and delivery of excellent municipal services. The City provides a wide range of services, including police and fire protection/emergency medical services (which includes all fire services by contract to the neighboring City of Coconut Creek), water and wastewater services, storm water services, recreation, public improvements, streets, planning and zoning, and general administrative services.

The City boasts 19 parks and recreational facilities, including the Calypso Cove Aquatics Facility. In addition to an award-winning police department and an ISO Class I Fire Department, other recognitions and awards include Playful City, USA; Tree City, USA; the National Association of Town Watch’s “National Night Out” Award; the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting; the GFOA's Distinguished Budget Presentation Award for FY 2020; and the 2019 Granicus Digital Efficiency Award. In addition, the City has earned the Better Buildings Goal Achiever Award from the Department of Energy for reducing the City's overall energy use intensity by 21.3%.

In 2019, the City of Margate was named the 37th Best City to Start a Small Business by Go.Verizon.com, and the National Council for Home Safety and Security ranked the City as one of the top 50 Safest Cities in Florida.

The City is pursuing long-term economic growth through attracting new businesses, supporting improvements to existing businesses, providing exceptional recreational/cultural opportunities, and building a positive image for the community where people can live, work, shop, and enjoy entertainment in one central location. Major employers include Northwest Medical Center, the City of Margate, JM Lexus, Arrigo Dodge, and Broward County Schools. The City is financially accountable for two blended component units, consisting of the Northwest Focal Point Senior Center (Senior Center) and the Community Redevelopment Agency (CRA).

The Senior Center is a special district located in Margate that provides support services (including special services for those with physical and/or cognitive impairments) to adults age 60 and older residing within the City and Broward County. Some of the programs and services provided by the Senior Center include transportation, eldercare advocate program, individual and group counseling, Emergency Home Energy Assistance for the Elderly Program (EHEAP), the Serving Health Insurance Needs of Elders (SHINE) program, and nutritional meals. The wide array of activities available include arts and crafts, live musical entertainment, fitness classes, bingo, discussion groups, day trips, and much more. The Senior Center funds its operations through grants from various governmental and charitable agencies and in-kind services from the City.

Margate Map

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1703 N State Road 7 N/A N/A N/A $2,962,000 Unknown 0 days
6750 Royal Palm Blvd Unit 308E 2 2 970 $103,000 $106 1 day
6231 Island Way 4 2 1,447 $388,100 $268 1 day
3361 Cabaret Lane Unit 3361 2 3 1,110 $278,000 $250 1 day
345 W Laurel Drive Unit 4-M 2 2 1,019 $95,000 $93 1 day
406 Lakeside Dr Unit #109 2 1 630 $149,900 $237 2 days
3120 Bayberry Way 3 2 1,581 $410,000 $259 1 day
6650 Royal Palm Blvd Unit #309C 1 2 720 $80,000 $111 2 days
5520 Lakeside Dr Unit 102 2 2 815 $199,000 $244 3 days
7605 Nw 4th Pl Unit #206 2 2 990 $142,000 $143 3 days
Average: 2.3 2.0 1,234 $285,473 $199 47 days
Viewing 1 - 10 of 207
Viewing 1 - 10 of 207
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6623 Saltaire Ter 3 2 1,769 $460,000 $260 17 days
6295 Ocean Drive 4 3 2,434 $549,990 $225 4 days
3050 Holiday Springs Blvd Unit #303 1 1 720 $67,000 $93 9 days
5456 Nw 27th Ct 3 3 1,394 $379,900 $272 8 days
6875 Nw 1st Ct 3 2 1,306 $398,000 $304 5 days
5240 Jubilee Way Unit #324 2 2 1,110 $285,000 $256 1 day
3471 Greenview Terrace 3 2 2,093 $428,900 $204 6 days
2860 Nw 68th Ln 3 2 1,482 $448,000 $302 23 days
7400 Nw 21st Court 4 2 2,050 $457,300 $223 7 days
1633 Nw 80th Ave Unit #D 3 3 1,684 $310,000 $184 21 days
Average: 2.2 2.0 1,281 $226,103 $167 36 days
Viewing 1 - 10 of 47
Viewing 1 - 10 of 47
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5134 NW 32nd Court 2 2 1,382 $379,900 $353,533 $255 52 days 12/3/21
7797 Golf Circle Dr Unit #308 1 2 775 $69,000 $69,000 $89 50 days 12/3/21
5310 Sw 8th Ct 3 2 1,837 $429,900 $405,000 $220 7 days 12/2/21
7688 Nw 18th St Unit #108 2 2 1,000 $135,000 $135,000 $135 2 days 11/30/21
1030 Country Club Dr Unit #103 2 2 930 $115,000 $115,000 $123 6 days 11/30/21
2954 Crestwood Unit #8104 3 2 1,210 $284,300 $290,000 $239 20 days 11/30/21
363 Sw 65th Ave 3 2 1,520 $375,000 $395,000 $259 21 days 11/30/21
601 Nw 80th Ave Unit #208 2 2 990 $84,900 $84,900 $85 9 days 11/30/21
6524 NW 24 Court Unit #E-W N/A N/A 2,640 $519,900 $525,000 $198 86 days 11/30/21
2630 NW 51st Terrace 3 2 1,769 $499,900 $485,000 $274 45 days 11/29/21
Average: 2.4 2.0 1,271 $255,087 $254,689 $192 29 days
Viewing 1 - 10 of 217
Viewing 1 - 10 of 217