THE PROPERTY
Location: Silver Lakes at Pembroke Pines
Price: $890,000
Beds/Baths: 5BR / 3BA
Square Footage: 2,436 sq ft living | 7,973 sq ft lot
Style: Two story pool home
Days on Market: 8
HOA: $756/quarter ($252/month)
Flood Zone: AE, X (verify flood insurance requirements)
Disclosure: This is not my listing. This analysis is for educational purposes to help buyers understand market value and property features in Silver Lakes.
Listing and Photo Courtesy of Canvas Real Estate
WHY THIS ONE CAUGHT MY ATTENTION
If you've been house hunting in Silver Lakes, you know how rare it is to find a completely remodeled 5 bedroom home with a new roof, impact windows, and a pool all under $900K in one of Pembroke Pines' largest and most established gated communities.
This property in Silver Lakes represents what's currently available at this price point in the $850K–$950K range and it's priced to move fast.
What makes it notable:
Completely remodeled throughout (thoughtful design upgrades)
New roof and impact windows (major systems handled, insurance savings)
10x24 pool with spa (resort style outdoor living)
5 bedrooms, 3 full baths (true family sized layout)
7,973 sq ft lot (nearly 1/5 acre, larger than most Silver Lakes homes)
Gated community with extensive amenities (3 parks, tennis center, pools, security)
Most homes in this price range either need significant updates, lack a pool, or sit on smaller lots. This one delivers move-in ready condition with all the lifestyle amenities buyers expect.
WHAT WORKS
1. Completely Remodeled Throughout
Why this matters:
No deferred maintenance or outdated finishes
Laminate and tile floors throughout (modern, low maintenance)
Remodeled kitchen and bathrooms
Built in closet cabinetry and pantry storage
First floor bedroom (flexible use as guest room, office, or in law suite)
High impact doors for hurricane protection
Translation: You're walking into a turnkey home. No renovation projects. No punch list. Just move in and live.
2. New Roof and Impact Windows = Massive Value Add
What this means for buyers:
New roof = $15K–$25K expense already handled
Impact windows throughout = $30K–$50K expense done
Combined savings: $45K–$75K in major system updates
Easier insurance approval and lower premiums
Hurricane protection without shutters
Peace of mind from day one
Analysis: For a home built in 1994, having a brand new roof and full impact windows is a game changer. These are the two biggest expenses buyers face with older homes and they're already done.
3. Pool + Spa on a Large Lot
10x24 below ground pool with spa
What you can do with it:
Year round swimming and entertaining
Spa for relaxation
Screened enclosure keeps bugs out
7,973 sq ft lot gives you room for outdoor zones (pool area, patio, lawn)
Plus: Deck, fence, and covered patio areas for multiple outdoor living spaces
Market impact: Pool homes in Silver Lakes typically sell faster and command premium pricing. Finding one this size on a nearly 8,000 sq ft lot is uncommon.
4. 5-Bedroom, 3-Bath Layout with Ground-Floor Bedroom
Layout breakdown:
1 bedroom on the ground floor (flexible use: guest room, office, nursery, in law suite)
4 bedrooms upstairs
3 full bathrooms (not 2.5, all full baths)
2 car garage with automatic door opener
Built in storage and pantry
Why this works: The ground floor bedroom adds flexibility. Whether you need a home office, guest accommodations, or multi generational living space, you've got options.
5. Silver Lakes Community Features
Community amenities:
39 subdivisions, 5,500 homes (one of the largest HOAs in South Florida)
Gated entry with security patrol
3 community parks with pools, playgrounds, athletic facilities
Silver Lakes Tennis Center
Walking and biking paths throughout
Community events year round (holiday celebrations, garage sales, social gatherings)
Active HOA managed by Pines Property Management
School zoning: Silver Lakes Elementary, Glades Middle, Everglades High (verify current zoning with school board, as zones may change year to year)
Location: Minutes to I-75, Pines Boulevard shopping, Memorial Hospital Miramar, Pembroke Lakes Mall, dining, and major retail.
Market context: Silver Lakes consistently holds value due to its size, amenities, gated security, and central west Pines location. Inventory moves quickly when priced correctly.
6. HOA Fee Covers Extensive Services
$756/quarter = $252/month
For a gated community of this size with these amenities, this is extremely reasonable. Most comparable gated communities in Pembroke Pines charge $300–$500/month.
What's included:
Gated security and patrol
Common area maintenance (landscaping, lighting)
Access to 3 parks, pools, tennis courts
Community management and events
Road maintenance
CONSIDERATIONS
1. Built in 1994 (31 Years Old)
While the listing notes the home is "beautifully remodeled" with a new roof and impact windows, buyers should verify:
AC system age and condition (original systems would be due for replacement)
Water heater age (listing notes it's leased, confirm lease terms and buyout cost)
Plumbing condition (any polybutylene pipes that need replacement?)
Electrical panel capacity (sufficient for modern appliances/EV charging?)
Analysis: Homes of this vintage may need capital improvements within 5–10 years beyond the roof and windows. Budget accordingly and request maintenance records during due diligence.
2. HOA Required
Like most gated communities, Silver Lakes requires HOA membership.
Also note:
Offers must be submitted via MLS Offers system
Review HOA documents carefully during inspection period
Confirm any rental restrictions if you plan to lease the property
3. Flood Zone AE and X
The property sits in flood zones AE and X. Zone AE typically requires flood insurance if you're financing. Zone X does not.
What this means: Verify exact flood zone designation and insurance requirements with your lender and insurance agent. This could add $500–$1,500+ annually to your costs.
4. Leased Water Heater
The listing notes the water heater is leased, not owned.
What to ask:
What's the monthly lease cost?
What's the buyout price?
Can it be transferred to the new owner, or must it be purchased at closing?
This is common in South Florida, but you need to know the terms before closing.
5. Two Story Layout
Unlike single story homes, this property has most bedrooms upstairs (except one on the ground floor).
Consideration: Not ideal for buyers seeking full accessibility or aging in place features. However, having one bedroom downstairs does provide some flexibility.
MARKET ANALYSIS
Recent Comparable Sales in Silver Lakes (5BR, pool, similar size):
Pool homes 2,300–2,600 sq ft: $800K–$950K
Homes with new roofs or major updates: Selling at higher end of range
Larger lots (7,500+ sq ft): Command 5–10% premium over smaller lots
Remodeled homes: Selling faster and at or above asking
This Property's Position at $890,000:
Priced competitively within current market range
Remodeled + new roof + impact windows + pool = premium features
Larger lot (7,973 sq ft) vs. typical 6,000–7,000 sq ft lots
At $365/sqft, pricing is in line with remodeled pool homes in gated communities
Market observation: At only 8 days on market, this property is fresh and attracting attention. Silver Lakes inventory moves quickly when homes are priced correctly and show well.
AFFORDABILITY ANALYSIS
Purchase Price: $890,000
Down Payment (20%): $178,000
Loan Amount: $712,000
Interest Rate: 6.27% (current average 30-year fixed)
Estimated Monthly Payment Breakdown:
Principal & Interest: $4,390
Property Taxes: $862 ($10,322 annually, no exemptions currently)
Homeowners Insurance: $600–$800 (Florida rates, includes wind/hurricane)
Flood Insurance: $500–$1,500 (if required based on flood zone)
HOA: $252
Water Heater Lease: $25–$50 (estimate, verify actual cost)
Total Monthly Cost: $6,629–$7,854
Income requirement (28% front-end ratio): $284,000–$337,000 annual household income
Income requirement (conservative 25% ratio): $318,000–$377,000 annual household income
Note: Flood insurance could significantly impact affordability. Verify exact requirements before making an offer.
BUYER PROFILE ANALYSIS
This property may appeal to:
✓ Buyers seeking move-in ready condition without renovation projects
✓ Those prioritizing outdoor space (pool, spa, large lot)
✓ Buyers who value major systems already handled (new roof, impact windows)
✓ Those wanting a gated community with extensive amenities and security
✓ Buyers needing a ground floor bedroom for guests, office, or multi generational living
✓ Those valuing Silver Lakes' location, schools, and established community
EDUCATIONAL TAKEAWAYS
What this property teaches about the $850K–$950K market in Pembroke Pines:
Remodeled homes move faster – Buyers pay premium for turnkey condition
New roof + impact windows matter – These updates add $45K–$75K in immediate value and make financing/insurance easier
Larger lots command premiums – 7,973 sq ft vs. typical 6,000–7,000 sq ft adds 5–10% to value
Pool homes sell faster – Especially in gated communities with HOA maintained common areas
Ground floor bedrooms add flexibility – Multi-generational buyers, remote workers, and those needing guest space pay attention to this
HOA fees reflect value – $252/month for this level of amenities and security is competitive
Flood zones impact costs – Always verify insurance requirements in AE zones
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.
