Colonies Homes for Sale

Colonies is a residential community in Lauderdale Lakes, Florida.

Pure Equity Realty covers Colonies and the Lauderdale Lakes area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 6 Colonies Lauderdale Lakes homes for sale as of October 2026. The median asking price is $240,000. Asking prices run from $225,000 to $275,000.

That is 102% above the Lauderdale Lakes median of $119,000. On a per-foot basis, homes here ask about $149 per square foot, compared with $132 across Lauderdale Lakes. So the median price buys roughly 1,600 square feet of living area.

Listings here have averaged 97 days on the market. That is faster than the Lauderdale Lakes average of 170 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Colonies date from 1972, so they are about 54 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Colonies have a median asking rent of $2,500 per month, across 3 active rental listings. For comparison, the Lauderdale Lakes median is $1,700, so rents here run 47% higher.

For investors, those medians imply a gross yield near 12.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Lauderdale Lakes rentals or ask us for a rent estimate on a specific Colonies home.

Here is what the median Colonies price means in Florida closing terms. At $240,000, a 20% down payment comes to about $48,000, leaving a loan near $192,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $672. Next, the intangible tax of 0.2% adds about $384. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Colonies median, that is about $1,680.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Colonies listings show assignments to Castle Hill (elementary), Lauderhill 6-12 (middle) and Boyd H. Anderson (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.