Summer Lake Homes for Sale

Summer Lake is a waterfront community in Oakland Park, Broward County, Florida. Active listings are priced from $214,900 to $225,000. Homes were built starting 1988. Pure Equity lists homes in Summer Lake 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 Summer Lake and the Oakland Park 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 15 Summer Lake Oakland Park homes for sale as of October 2026. The median asking price is $180,000. Asking prices run from $144,000 to $225,000.

That is 53% below the Oakland Park median of $383,000. On a per-foot basis, homes here ask about $182 per square foot, compared with $304 across Oakland Park. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 221 days on the market. That is slower than the Oakland Park average of 125 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Summer Lake date from 1988, so they are about 38 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Summer Lake 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.

Summer Lake is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Summer Lake have a median asking rent of $2,000 per month, across 7 active rental listings. That is close to the Oakland Park median of $1,995.

For investors, those medians imply a gross yield near 13.3% 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 Oakland Park rentals or ask us for a rent estimate on a specific Summer Lake home.

Here is what the median Summer Lake price means in Florida closing terms. At $180,000, a 20% down payment comes to about $36,000, leaving a loan near $144,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $504. Next, the intangible tax of 0.2% adds about $288. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Summer Lake median, that is about $1,260.

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 Summer Lake listings show assignments to Oriole (elementary), Lauderdale Lakes (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.