Park Place Homes for Sale

Park Place is a 55+ community in Pembroke Pines, Florida. Active listings are currently priced from $85K–$260K.

Pure Equity Realty covers Park Place and the Pembroke Pines 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 43 Park Place Pembroke Pines homes for sale as of October 2026. The median asking price is $172,000. Asking prices run from $90,000 to $260,000.

That is 37% below the Pembroke Pines median of $275,000. On a per-foot basis, homes here ask about $163 per square foot, compared with $250 across Pembroke Pines. So the median price buys roughly 1,050 square feet of living area.

Listings here have averaged 232 days on the market. That is slower than the Pembroke Pines average of 124 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Park Place date from 1975 to 1980. That puts them between 46 and 51 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 Park Place have a median asking rent of $1,912 per month, across 8 active rental listings. For comparison, the Pembroke Pines median is $2,350, so rents here run 19% lower.

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 Pembroke Pines rentals or ask us for a rent estimate on a specific Park Place home.

Here is what the median Park Place price means in Florida closing terms. At $172,000, a 20% down payment comes to about $34,000, leaving a loan near $138,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $482. Next, the intangible tax of 0.2% adds about $276. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Park Place median, that is about $1,205.

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 Park Place listings show assignments to Pembroke Lakes (elementary), Walter C. Young (middle) and Charles W. Flanagan (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.