Price cut $33K3D tour
$197,000
5051 W Oakland Park Boulevard #204, Lauderdale Lakes 33313
Est. $2,018/mo with 20% down incl. HOA
Listing courtesy of Sunshine Luxury Rlty of America, Inc · BeachesMLS
$163,0002871 Somerset Drive #102, Lauderdale Lakes, FL 33311
Listing courtesy of EXP Realty LLC · 888-883-8509 · BeachesMLS
Full disclosure: what this home really costs
12 of 12 answered from real sources. Anything not in the listing says so, and one tap asks Zach. Nothing here is guessed. Source: BeachesMLS listing, updated Oct 30, 2026, unless a row says otherwise.
- Price
- $163,000 · $161/sqft
- Property taxes
- $1,828/yr (2025 bill). A new owner's bill is reset from the sale price and is usually higher; Zach can pull the county estimate.
- HOA / condo fee
- $450/moFrom the listing, unconfirmed
- Fee covers
- Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water, Elevator, Reserve Funds, Roof Repairs
- Special assessments
- Yes – amount not listed, ask Zach
- Mandatory club / membership
- Not required per the MLS
- Insurance (estimate)
- About $1,816/yr (HO-6 condo policy, county average). Get a real quote before you offer.Florida OIR county average with wind, data as of Mar 31 2026
- Flood zone
- Zone AH: high-risk flood area, base flood elevation 7 ft. Lenders require flood insurance here; get a quote.FEMA flood map, checked Oct 29, 2026
- Monthly payment (estimate)
- $1,748/mo: $889 loan + $258 tax + $151 insurance + $450 HOA. 20% down, 7.24% rate (Freddie Mac, week of October 29, 2026), 30 years. Change the numberszach.homes calculator (not a loan offer)
- Year built
- 1974 · 4 stories
- Days on market
- About 132 days
- Price history (this listing)
- Originally listed at $165,000; last price change Aug 23, 2026. Down $2,000.
Details
- TypeCondo
- Beds2 bd
- Baths2
- Size1,010 sqft
- Year built1974
- PoolCommunity
- ViewClubhouse
- 55+ statusMarked 55+ in MLS - ask Zach to confirm
- NeighborhoodSOMERSET NO EIGHT CONDO
- ZIP33311
- MLS #A12041449
- To the beachAbout 5.6 mi (straight line to the nearest ocean beach, OpenStreetMap; not a drive time)
Check your commute (opens maps)
From the listing
This first-floor residence offers 1,010 square feet of comfortable living space with a bright, open split-bedroom floor plan, abundant natural light, and spacious walk-in closets. Relax on your private screened balcony overlooking the beautifully maintained community grounds. The unit features laminate and tile flooring, central air conditioning, and is move-in ready with the opportunity to add your own personal touches.Enjoy added peace of mind knowing the building has recently completed significant capital improvements, including a new roof and required structural compliance projects. Somerset is a gated, well-maintained 55+ community offering resort-style amenities including a clubhouse, fitness center, swimming pool, tennis courts, pickleball, common laundry facilities, elevators, and 24-hour security patrol. The monthly association fee includes water, sewer, trash, exterior maintenance, roof, building insurance, pest control, and reserves.Conveniently located near shopping, dining, medical facilities, parks, major highways, and Fort Lauderdale's beautiful beaches. Association approval is required. Don't miss this opportunity to own an affordable home in one of Lauderdale Lakes' most established active adult communities.
Monthly payment calculator
Rate: 7.24% 30-year fixed average (Freddie Mac, week of October 29, 2026). Your own rate may differ; you can change it here.
Estimate, not a loan offer. Tax default: the higher of the seller's bill and about 1.9% of price (Florida resets a new owner's assessment). Insurance default: Florida OIR county average with wind, data as of Mar 31 2026. Rate is an assumption; your lender sets the real one. Zach doesn't take lender or title referral fees.
Florida risk facts
- Flood zone
- Zone AH: high-risk flood area. A FEMA Special Flood Hazard Area (about a 1% chance of flooding each year). Lenders require flood insurance for federally backed mortgages here. Source: FEMA National Flood Hazard Layer, checked Oct 29, 2026. This is a map lookup, not an official flood zone determination.
- Wind and building code
- Built in 1974, before the statewide Florida Building Code took effect in 2002. Ask for the wind mitigation report; it can lower insurance. My Safe Florida Home offers free inspections and grants when funded.
- Disclosure
- Florida sellers must give you a flood disclosure about known flood damage, insurance claims and federal assistance (§689.302).
We don't show crime scores or rate neighborhoods. Every listing is open to everyone.
Condo health facts
- Building
- Not listed - ask Zach
- Year built
- 1974 (52 years old)
- Stories
- 4
- HOA / condo fee
- $450/mo (from the listing, unconfirmed)
- Fee covers
- Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water, Elevator, Reserve Funds, Roof Repairs
- Pets
- No
- Milestone inspection
- This building is 52 years old. Florida requires a milestone structural inspection for condo buildings 3+ stories by Dec 31 of the year they turn 30 (local officials can require it at 25), then every 10 years. Ask Zach for the report.
- Reserve study (SIRS)
- Condo buildings 3+ stories must have a structural integrity reserve study. Look up the building's filing in the state condo database (DBPR) or ask Zach for the document pack.
Facts only, from the listing and state law. We don't grade buildings. How Florida's condo safety laws work.
Start an offer
- Pre-approval letter or proof of funds (cash)
- The price you'd offer and your deposit
- Financing type and closing date
- Inspection period you want (often 10-15 days)
- Condo documents review: Florida gives you a review period after you receive the association documents
- A signed buyer agreement with Zach (Florida practice before touring or offering)
Nothing here is a binding offer. Zach calls you, checks the comps and writes the contract with you.
Ask Zach anything
One tap opens a text with this address filled in.
Zach will reply as soon as he can.
From finding it to the keys, one agent
- Find it
Every home for sale and rent from the MLS, with the real monthly cost. Or tell Zach what you want and he looks for you. - Tour it
Same day when the listing side allows, in person or live video. - Afford it
Real Florida costs up front: taxes, HOA, insurance, flood zone, assessments. Buyers: pre-approval with a lender you choose. Renters: your renter résumé and documents in one place. - Make the offer or apply
Zach writes the offer or the application, negotiates, and handles the association approval. - Close or get the keys
Zach tracks every deadline through inspections, condo documents and closing or lease signing, then stays your agent after.
Report a problem with this listing
Wrong price, already sold, wrong photos, or something that looks like a scam copy? This goes straight to Zach, who fixes or escalates it within 2 business days.
Never send a deposit by Zelle, Cash App, wire or crypto, and never before you've seen the home with a licensed agent.
Chat with Zach
Zach will reply as soon as he can.
Your messages go to Zach only. Reply STOP anytime and he won't follow up again.
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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. Listing data last updated Nov 1, 2026, 7:36 PM ET. Listing information is deemed reliable but not guaranteed. zach.homes estimates and Zach's notes are shown separately from MLS data and labeled with their source.