North Margate Homes for Sale

North Margate is a waterfront community in Margate, Broward County, Florida. Active listings are priced from $360,000 to $565,000. Homes were built between 1959 and 1966. Pure Equity lists homes in North Margate 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 North Margate and the Margate 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 2 North Margate Margate homes for sale as of September 2026. The median asking price is $460,000. Asking prices run from $355,000 to $565,000.

That is 188% above the Margate median of $160,000. On a per-foot basis, homes here ask about $402 per square foot, compared with $171 across Margate. So the median price buys roughly 1,150 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 124 days on the market. That tracks the Margate average of 133 days, so pricing and terms follow the wider city market.

Homes listed in North Margate date from 1959 to 1966. That puts them between 60 and 67 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.

North Margate includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Rentals in North Margate have a median asking rent of $2,638 per month, across 6 active rental listings. For comparison, the Margate median is $1,900, so rents here run 39% higher.

You can browse current Margate rentals or ask us for a rent estimate on a specific North Margate home.

Here is what the median North Margate price means in Florida closing terms. At $460,000, a 20% down payment comes to about $92,000, leaving a loan near $368,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,288. Next, the intangible tax of 0.2% adds about $736. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the North Margate median, that is about $3,220.

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 North Margate listings show assignments to Margate (elementary), Margate (middle) and Coral Springs (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.