Pembroke Cay Homes for Sale

Pembroke Cay Condo is a waterfront community in Pembroke Pines, Broward County, Florida. Active listings are priced from $445,000 to $465,000. Homes were built between 2008 and 2009. Pure Equity lists homes in Pembroke Cay 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 Pembroke Cay 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 3 Pembroke Cay Pembroke Pines homes for sale as of October 2026. The median asking price is $415,000. Asking prices run from $410,000 to $435,000.

That is 51% above the Pembroke Pines median of $275,000. On a per-foot basis, homes here ask about $294 per square foot, compared with $250 across Pembroke Pines. So the median price buys roughly 1,400 square feet of living area.

Listings here have averaged 254 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 Pembroke Cay date from 2008 to 2009. That puts them between 17 and 18 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.

Pembroke Cay 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 Pembroke Cay have a median asking rent of $2,888 per month, across 4 active rental listings. For comparison, the Pembroke Pines median is $2,350, so rents here run 23% higher.

For investors, those medians imply a gross yield near 8.4% 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 Pembroke Cay home.

Here is what the median Pembroke Cay price means in Florida closing terms. At $415,000, a 20% down payment comes to about $83,000, leaving a loan near $332,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,162. Next, the intangible tax of 0.2% adds about $664. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Pembroke Cay median, that is about $2,905.

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 Pembroke Cay listings show assignments to Lakeside (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.