Somerset Plaza Homes for Sale

Somerset Plaza is a community in Lauderdale Lakes, Broward County, Florida. Active listings are priced from $450,000 to $715,000. Homes were built between 2022 and 2024. Pure Equity lists homes in Somerset Plaza and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Somerset Plaza 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 3 Somerset Plaza Lauderdale Lakes homes for sale as of October 2026. The median asking price is $530,000. Asking prices run from $518,000 to $765,000.

That is 349% above the Lauderdale Lakes median of $118,000. On a per-foot basis, homes here ask about $350 per square foot, compared with $132 across Lauderdale Lakes. So the median price buys roughly 1,500 square feet of living area.

Listings here have averaged 57 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 Somerset Plaza date from 2022 to 2024. That puts them between 2 and 4 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Somerset Plaza has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Rentals in Somerset Plaza have a median asking rent of $3,500 per month, across 1 active rental listing. For comparison, the Lauderdale Lakes median is $1,700, so rents here run 106% higher.

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

Here is what the median Somerset Plaza price means in Florida closing terms. At $530,000, a 20% down payment comes to about $106,000, leaving a loan near $424,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,484. Next, the intangible tax of 0.2% adds about $848. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Somerset Plaza median, that is about $3,710.

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 Somerset Plaza listings show assignments to Park Lakes (elementary), William E. Dandy (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.