Location: Pembroke Lakes
Price: $750,000
Beds/Baths: 4BR / 2BA
Square Footage: 1,606 sq ft living | 9,016 sq ft lot
Style: One story detached home
HOA: $0 (No HOA)
Flood Zone: AE, X (verify flood insurance requirements)
Year Built: 1976
Disclosure: This is not my listing. This analysis is for educational purposes to help buyers understand market value and property features in Pembroke Pines.
WHY THIS ONE CAUGHT MY ATTENTION
Finding a single story home under $800K in Pembroke Pines with no HOA fees, a resort style backyard featuring pool with waterfall, outdoor kitchen, and gazebo, all on a spacious corner lot, is increasingly rare.
This Pembroke Lakes home at $750,000 delivers exactly that. While the house itself is modest at 1,606 sq ft, the real story is the outdoor living space: a fully equipped entertainment oasis on a 9,016 sq ft corner lot with zero monthly HOA fees eating into your budget.
What makes it notable:
No HOA (saves $300–$480/month compared to gated communities = $3,600–$5,760 annually)
Resort style pool with waterfall (10x30 below-ground pool)
Outdoor kitchen (built in cooking and entertaining area)
Gazebo (covered outdoor living space)
Spacious corner lot (9,016 sq ft with mature landscaping)
Single story (no stairs, easier accessibility)
4 bedrooms, 2 baths (functional family layout)
FHA/VA approved (accessible to more buyers)
Shed for storage (additional outdoor organization)
Most homes under $800K in Pembroke Pines either have HOA fees, lack outdoor entertainment features, or sit on smaller lots. This property trades square footage for outdoor lifestyle and financial freedom from monthly association dues.
WHAT YOU NEED TO KNOW
Built 1976 (50 years old)
Inspect everything. Budget $15K–$30K for possible system replacements (AC, water heater, pool equipment). Request maintenance records on all major systems during due diligence.No hurricane protection
Budget $10K–$18K for shutters or impact windows. This affects insurance availability and premium. Get insurance quote before making offer.Flood Zone AE/X
Critical: Get flood insurance quote BEFORE offer. Could add $800–$2K/year ($65–$165/month). This is make or break for affordability.
MARKET ANALYSIS
Recent Comparable Sales in Pembroke Lakes (4BR, similar lot size):
Single story homes 1,500–1,700 sq ft: $650K–$800K (depending on updates and features)
Homes with pools: Add $30K–$50K to value
Corner lots: Command 3–5% premiums
No HOA properties: Increasingly rare, attract specific buyer segment
Outdoor entertainment features (outdoor kitchens, gazebos): Add $10K–$30K perceived value
This Property's Position at $750,000:
At $467/sq ft, pricing is high for square footage alone
Premium reflects outdoor amenities, corner lot, pool, and zero HOA fees
Comparable homes without pools or outdoor features selling at $650K–$700K
No HOA homes command premiums due to long term savings ($54K–$172K over 30 years)
Market observation: The $750K price reflects lifestyle value, you're buying outdoor resort living and financial freedom from HOA fees, not maximum interior square footage.
AFFORDABILITY ANALYSIS
Purchase Price: $750,000
Down Payment (20%): $150,000
Loan Amount: $600,000
Interest Rate: 6.22% (current average 30-year fixed)
Estimated Monthly Payment Breakdown:
Principal & Interest: $3,683
Property Taxes (with homestead): $573 ($6,880 annually)
Homeowners Insurance: $600–$800 (higher for older home without hurricane protection)
Flood Insurance: $800–$2,000 (if Zone AE financing requirement—GET QUOTE)
HOA: $0
Total Monthly Cost: $5,656–$7,056
Income requirement (28% front-end ratio): $242,000–$302,000 annual household income
Income requirement (conservative 25% ratio): $271,000–$339,000 annual household income
Key consideration: Flood insurance is the wild card. Get quote before making offer. It could add $800–$2K/month and significantly impact affordability.
Long term savings advantage: Zero HOA fees save $1,800–$5,760 annually compared to gated communities. Over 30 years, that's $54,000–$172,000 in your pocket.
BUYER PROFILE ANALYSIS
This property may appeal to:
✓ Buyers who despise HOA fees and restrictions (freedom from association control)
✓ Entertainers who prioritize outdoor living (pool, outdoor kitchen, gazebo perfect for hosting)
✓ Households valuing highly rated schools
✓ Buyers seeking single story living on spacious lot
✓ FHA/VA buyers with limited down payment funds
✓ Those willing to trade interior square footage for outdoor lifestyle
✓ Investors (no rental restrictions, property can be leased freely)
✓ Buyers comfortable with older homes requiring potential system updates
✓ Those wanting corner lot privacy and space
✓ People who value financial freedom over gated amenities
EDUCATIONAL TAKEAWAYS
What this property teaches about the $700K–$800K market in Pembroke Pines:
No HOA = significant long term savings — Saving $300–$480/month equals $108K–$172K over 30 years; buyers increasingly value this freedom
Outdoor amenities can justify higher price per square foot — Pool with waterfall, outdoor kitchen, and gazebo add $50K–$95K in value; lifestyle features command premiums
Corner lots worth 3–5% premium — Additional light, privacy, and curb appeal justify higher pricing
Age matters for systems — 50 year-old homes require thorough inspections and budget for replacements; expect $15K–$30K in deferred maintenance
Hurricane protection absence is liability — Homes without impact windows or shutters face insurance challenges; budget $10K–$18K to address
Flood Zone AE significantly impacts affordability — Always get quotes before offers; $800–$2K/year can make or break buying power
FHA/VA approval expands buyer pool — Older homes that qualify for government loans have competitive advantage for resale
No garage reduces storage/security — Carports provide coverage but not enclosed protection; buyers prioritizing garage space should look elsewhere
Pricing reflects lifestyle, not just square footage — $467/sq ft is high, but reflects outdoor paradise and HOA free living, not interior size
"As-is" + older home = inspection critical — Budget for repairs, negotiate price not fixes, understand exactly what you're buying
Disclaimer: This analysis is for educational purposes only and does not constitute a formal appraisal, property recommendation, or guarantee of value. Property information is based on public records and listing data, which may contain inaccuracies. Prospective buyers should conduct their own due diligence, including professional inspections and independent market analysis.
