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
5803 Coral Lake Dr Unit 103 2 2 1,090 $244,900 $224 1 day
4805 S South Hemingway Circle Circle S 2 3 1,199 $292,500 $243 0 days
1454 N State Road 7 N/A N/A N/A $6,246 Unknown 1 day
6740 NW 20th St 4 2 1,786 $575,000 $321 1 day
1613 Nw 58th Ave 3 2 1,067 $369,000 $345 2 days
2656 Nw 69th Ave 3 3 1,723 $560,000 $325 3 days
7690 NW 18th St Unit 306 2 2 1,000 $189,900 $189 3 days
6302 Southgate Blvd 4 2 1,374 $439,900 $320 3 days
1799 N State Road 7 Unit 5/6/7 N/A N/A N/A $1,500 Unknown 4 days
3019 Woodlands Drive 3 2 1,725 $535,000 $310 3 days
Average: 2.6 2.0 1,320 $326,837 $261 44 days
Viewing 1 - 10 of 120
Viewing 1 - 10 of 120
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
480 Princess Dr Unit 480 3 3 1,328 $375,000 $282 6 days
7296 SW 1st St 3 2 1,218 $375,000 $307 12 days
5520 Lakeside Dr Unit #207 2 2 815 $250,000 $306 14 days
357 N Rock Island Rd Unit 401 2 2 1,110 $195,000 $175 3 days
6473 Nw 20th St 3 2 1,704 $375,000 $220 6 days
6850 Royal Palm Blvd Unit #209G 1 2 720 $69,900 $97 9 days
224 NW 77th Ave 3 2 1,580 $475,000 $300 13 days
1650 NW 80th Ave Unit 103 2 2 1,000 $198,000 $198 12 days
7205 NW 5th Pl Unit 208 2 2 990 $110,000 $111 12 days
6805 NW 17 Court 2 2 1,257 $325,000 $258 12 days
Average: 2.4 2.0 1,307 $292,209 $220 29 days
Viewing 1 - 10 of 194
Viewing 1 - 10 of 194
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
6670 Royal Palm Blvd Unit #104K 2 2 970 $149,500 $149,500 $154 17 days 6/24/22
6540 Winfield Blvd Unit #103 1 1 560 $130,000 $130,000 $232 190 days 6/24/22
7528 Viscaya Cir 3 3 1,886 $480,000 $500,000 $265 8 days 6/23/22
3081 Holiday Springs Boulevard Unit #101 2 2 950 $189,900 $190,000 $200 49 days 6/23/22
1907 Nw 78th Ave 4 2 2,164 $629,900 $615,000 $284 30 days 6/23/22
5311 NW 30th Court 3 2 1,492 $450,000 $500,000 $335 57 days 6/22/22
3051 Holiday Springs Blvd Unit #104 1 2 750 $125,000 $130,000 $173 2 days 6/21/22
5535 N Lakewood Circle Unit #323 1 2 790 $149,000 $148,000 $187 55 days 6/21/22
6202 NW 15th Court 3 2 1,210 $399,000 $475,000 $392 51 days 6/20/22
783 Banks Road 2 2 1,038 $299,000 $305,750 $294 35 days 6/17/22
Average: 2.5 2.1 1,323 $313,507 $315,993 $222 39 days
Viewing 1 - 10 of 232
Viewing 1 - 10 of 232