Southgate Second Add Homes for Sale

Southgate Second Add is a residential community in Margate, Florida. Active listings are currently priced from $525K–$525K.

Pure Equity Realty covers Southgate Second Add 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 a single listing for Southgate Second Add Margate homes for sale as of October 2026. The median asking price is $525,000.

That is 230% above the Margate median of $159,000. On a per-foot basis, homes here ask about $283 per square foot, compared with $165 across Margate. So the median price buys roughly 1,850 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 47 days on the market. That is faster than the Margate average of 131 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Southgate Second Add date from 1960 to 1962. That puts them between 64 and 66 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.

Here is what the median Southgate Second Add price means in Florida closing terms. At $525,000, a 20% down payment comes to about $105,000, leaving a loan near $420,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,470. Next, the intangible tax of 0.2% adds about $840. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Southgate Second Add median, that is about $3,675.

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 Southgate Second Add listings show assignments to Atlantic West (elementary), Margate (middle) and Coconut Creek (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.