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
3040 N Holiday Springs Blvd Unit 207 1 1 725 $57,900 $79 0 days
6113 NW 1st St 3 2 1,502 $300,000 $199 2 days
3140 N Holiday Springs Blvd Unit #9-112 2 2 958 $120,000 $125 1 day
7605 W Atlantic Blvd Unit #103 2 2 990 $80,000 $80 6 days
651 NW 76th Ter Unit 105 1 2 735 $74,999 $102 1 day
385 Clancy Cir 4 2 2,062 $445,000 $215 2 days
7397 Flores Way 3 3 1,844 $415,000 $225 3 days
655 Banks Rd Unit 655 2 2 1,118 $285,000 $254 2 days
5521 Lakeside Drive Unit #203 2 2 815 $165,000 $202 2 days
5405 NW 27th St Unit 5405 3 3 1,363 $360,000 $264 3 days
Average: 2.3 2.0 1,222 $256,814 $185 40 days
Viewing 1 - 10 of 221
Viewing 1 - 10 of 221
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6546 Nw 1st St 4 2 1,620 $385,000 $237 21 days
251 NW 76th Avenue Unit #204 1 1 670 $84,900 $126 7 days
3316 Confetti Ln Unit #85-9 2 3 1,110 $245,000 $220 5 days
6945 Nw 10th Ct 2 2 N/A $245,000 Unknown 3 days
7690 Nw 18th St Unit #401 2 2 1,000 $124,900 $124 11 days
6501 Winfield Boulevard Unit #A-24 1 1 720 $109,900 $152 13 days
1400 Nw 70th Ln 2 1 1,061 $239,900 $226 4 days
1025 Country Club Drive Unit #408 2 2 1,100 $128,500 $116 19 days
470 Princess Dr Unit #470 3 3 1,356 $295,000 $217 5 days
7624 Nw 18th St Unit #401 2 2 1,000 $119,900 $119 5 days
Average: 2.2 1.9 1,175 $214,633 $174 36 days
Viewing 1 - 10 of 65
Viewing 1 - 10 of 65
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
6850 Royal Palm Blvd Unit #309G 1 2 720 $69,000 $71,000 $98 2 days 9/15/21
5608 Coral Lake Drive 2 2 1,090 $134,900 $140,000 $128 44 days 9/14/21
3312 Cabaret Ln 2 2 1,190 $259,900 $235,000 $197 9 days 9/10/21
3370 N Pinewalk Dr N Unit #1212 2 2 1,027 $198,000 $200,000 $194 7 days 9/10/21
2885 Crestwood Terrace Unit #1104 3 3 1,954 $339,900 $327,500 $167 124 days 9/10/21
1200 Nw 80 Ave Unit #202A 2 2 N/A $150,000 $155,000 Unknown 28 days 9/9/21
7300 Lake Circle Dr Unit #204 1 2 960 $95,000 $95,000 $98 26 days 9/8/21
3241 Holiday Springs Boulevard Unit #405 2 2 1,105 $118,000 $111,000 $100 53 days 9/8/21
5540 Courtyard Dr Unit #5540 2 2 970 $199,900 $195,000 $201 39 days 9/8/21
6501 Winfield Boulevard Unit #A-35 1 2 720 $91,900 $95,000 $131 65 days 9/7/21
Average: 2.3 2.0 1,235 $231,416 $230,187 $176 40 days
Viewing 1 - 10 of 212
Viewing 1 - 10 of 212