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2860 Somerset #311k
Lauderdale Lakes, FL 33311
Listing courtesy of Charles Rutenberg Realty FTL (Jose F Ochoa). Contact: [email protected].
Investor Opportunity! Spacious 1-bed, 1.5-bath condo located in the desirable Somerset gated 55+ community, offering a secure and comfortable living environment. This residence features two large walk-in closets, an in-unit washer, french doors leading into the bedroom. Peaceful garden and pool views from your home, bright living room that includes a fully enclosed balcony. The unit is partly furnished, and basic cable TV and water are included in the association fees. Small dogs (up to 15 lbs when fully grown) are permitted. Please note: Leasing is not allowed during the first two years of ownership, and there are rental restrictions thereafter. A tenant is currently in place with a lease through May 1, 2027, this is an investment opportunity. Don't miss out on this great opportunity!
- Principal and interest
- $556
- Property tax
- $113
- Homeowners insurance
- $67
- HOA
- $730
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Broward County average total millage (19.86 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.