None · Pembroke Pines, FL 33026

$134,900

2 bd · 2.0 ba · 1,120 sqft · Condo public records · 123 Days on market

Built 1980 $686/mo HOA · 30% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.4/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home! Beautiful 2 Bedroom 2 Bathroom Condo Located at Park Place, a 55+ Community. Water Views From Living Room and Bedrooms!! Centrally Located and With Easy Access to Major Expressways, Schools, Supermarkets, Banks, Parks, Restaurants, Cafes, Shopping and Much More. Have Breakfast or Your Favorite Meal, or Enjoy Wine or Beer After Work From Your Porch. Please Come Put Your Touch On And Make It Your New HOME. Come See it Today

Key facts

• Gated community
• $686 HOA
• Garage

Tags

• GATED COMMUNITY

Property features AI

Finance

• Other: Association pool available; Waterfront: bay front and canal front; Association-managed community
• Financial info: Pets not allowed
• HOA & community: Monthly association fee of $686; Association covers management, amenities, common areas, hot water, grounds maintenance, structure maintenance, pool(s), roof, sewer, trash and water; Community amenities include clubhouse, pool, and elevators; Senior community

Exterior

• Parking: Assigned parking space (1 covered space); 1-car garage
• Security: Secured elevator; Key card entry; Phone entry
• Utilities: Water connected; Sewer connected
• Home design: Condo/Apartment in an 8-story building; East-facing; Entry on level 2; Attached property
• Construction: Block construction; Effective year built
• Exterior features: Balcony; Patio; Screened patio

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds on windows; Furnishing negotiable; Living/dining room; Main living area on entry level; Split bedroom floorplan; Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $127 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.0% in Pembroke Pines — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#54 in FL, #933 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, schools A-; Watch: amenities D+, cost of living D+.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.6%/yr); 222 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 30% of the median local income ($89k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.67% ✓
• Cap rate: 7.42%
• Cash-on-cash: 4.03%
• DSCR: 1.18
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.58% rent growth · sell at horizon

5-year hold

• IRR: -12.3%
• Equity multiple: 0.56×
• Total profit: $-16,484
• Equity at exit: $20,114

10-year hold

• IRR: -6.7%
• Equity multiple: 0.61×
• Total profit: $-14,677
• Equity at exit: $11,664

Cash invested: $37,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33026

• Rents YoY: 1.6%
• Active inventory: 222
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,252 high
• Mortgage (P&I): −$707
• Tax from tax record: −$202 /mo · $2,430/yr
• Insurance: −$56
• HOA: −$686
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $127

Break-even live

Break-even rent $2,091

Max offer price $134,900

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1200 Saint Charles Pl #606 Pembroke Pines, FL	1.0	1.5	780	$1,600	$2.05	22d	1	0.03mi
1100 Saint Charles Pl Pembroke Pines, FL	2.0	2.0	1100	$2,000	$1.82	24d	1	0.07mi
1100 Saint Charles Pl #606 Pembroke Pines, FL	1.0	1.5	780	$1,700	$2.18	4d	1	0.07mi
1100 Saint Charles Pl #620 Pembroke Pines, FL	1.0	1.5	740	$1,750	$2.36	24d	1	0.07mi
1100 Saint Charles Pl #606 Pembroke Pines, FL	1.0	1.5	780	$1,700	$2.18	24d	1	0.07mi
1400 Saint Charles Pl #323 Pembroke Pines, FL	2.0	2.0	1070	$2,350	$2.20	7d	1	0.19mi
1400 Saint Charles Pl #323 Pembroke Pines, FL	2.0	2.0	1070	$2,400	$2.24	24d	1	0.19mi
1400 Saint Charles Pl #314 Pembroke Pines, FL	1.0	1.5	740	$1,800	$2.43	24d	1	0.19mi
1400 Saint Charles Pl #701 Pembroke Pines, FL	2.0	2.0	1100	$2,000	$1.82	3d	1	0.19mi
1400 Saint Charles Pl #608 Pembroke Pines, FL	2.0	2.0	1100	$1,900	$1.73	16d	1	0.19mi
1400 Saint Charles Pl #713 Pembroke Pines, FL	2.0	2.0	1260	$2,000	$1.59	17d	1	0.19mi
900 Saint Charles Pl #708 Pembroke Pines, FL	2.0	2.0	1100	$1,999	$1.82	4d	1	0.22mi
900 Saint Charles Pl #708 Pembroke Pines, FL	2.0	2.0	1100	$1,999	$1.82	3d	1	0.22mi
10329 NW 11th St #201 Pembroke Pines, FL	2.0	2.0	806	$2,100	$2.61	24d	1	0.25mi
785 NW 103rd Ter #202 Pembroke Pines, FL	2.0	2.0	914	$2,100	$2.30	5d	1	0.26mi
785 NW 103rd Ter #202 Pembroke Pines, FL	2.0	2.0	914	$2,100	$2.30	11d	1	0.26mi
565 NW 100th Pl #203 Pembroke Pines, FL	2.0	2.0	754	$2,050	$2.72	24d	1	0.29mi
561 NW 100th Pl #201 Pembroke Pines, FL	2.0	2.0	754	$2,150	$2.85	24d	1	0.29mi
561 NW 100th Pl #201 Pembroke Pines, FL	2.0	2.0	754	$2,100	$2.79	15d	1	0.29mi
551 NW 100th Pl #101 Pembroke Pines, FL	2.0	2.0	754	$2,500	$3.32	24d	1	0.29mi
10408 NW 8th St Pembroke Pines, FL	2.0	2.0	932	$2,100	$2.25	24d	1	0.30mi
10409 NW 11th St Pembroke Pines, FL	2.0	2.0	806	$2,000	$2.48	24d	1	0.30mi
10050 NW 6th St #202 Pembroke Pines, FL	2.0	2.0	754	$2,150	$2.85	2d	1	0.30mi
10050 NW 6th St #202 Pembroke Pines, FL	2.0	2.0	754	$2,150	$2.85	12d	1	0.30mi
716 NW 103rd Ter #203 Pembroke Pines, FL	2.0	2.0	932	$2,200	$2.36	24d	1	0.31mi
940 NW 104th Ave #203 Pembroke Pines, FL	2.0	2.0	806	$2,100	$2.61	7d	1	0.32mi
1641 Fairway Rd Pembroke Pines, FL	3.0	2.0	1359	$3,200	$2.35	15d	1	0.33mi
1641 Fairway Rd Pembroke Pines, FL	3.0	2.0	1359	$3,200	$2.35	24d	1	0.33mi
10468 NW 10th St #204 Pembroke Pines, FL	2.0	2.0	806	$2,150	$2.67	24d	1	0.35mi
1601 NW 98th Way Pembroke Pines, FL	2.0	2.0	1060	$2,700	$2.55	20d	1	0.37mi
1601 NW 98th Way Pembroke Pines, FL	2.0	2.0	1060	$2,700	$2.55	7d	1	0.37mi
1148 NW 106th Ter Pembroke Pines, FL	2.0	2.0	806	$2,500	$3.10	24d	1	0.38mi
741 NW 105th Ter Pembroke Pines, FL	2.0	2.5	1224	$2,650	$2.17	14d	1	0.39mi
1168 NW 97th Ave #232 Pembroke Pines, FL	2.0	2.5	1214	$2,650	$2.18	14d	1	0.39mi
10613 NW 11th St #205 Pembroke Pines, FL	2.0	2.0	806	$2,100	$2.61	24d	1	0.39mi
1561 NW 98th Ave #1561 Pembroke Pines, FL	2.0	2.0	1060	$2,500	$2.36	12d	1	0.41mi
10633 NW 10th St #102 Pembroke Pines, FL	2.0	2.0	806	$2,200	$2.73	24d	1	0.42mi
10633 NW 10th St #102 Pembroke Pines, FL	2.0	2.0	806	$2,200	$2.73	10d	1	0.42mi
353 NW 103rd Ter Pembroke Pines, FL	2.0	2.5	1218	$2,800	$2.30	5d	1	0.42mi
10616 NW 10th St #104 Pembroke Pines, FL	2.0	2.0	806	$2,200	$2.73	20d	1	0.43mi

HOA detail condo

• Monthly dues: $686 · $8,232/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-15
   statusdays on market $134,900 Pending 123 DOM
2. 2026-06-13
   days on market $134,900 Active 122 DOM
3. 2026-06-09
   days on market $134,900 Active 118 DOM
4. 2026-06-07
   days on market $134,900 Active 116 DOM
5. 2026-06-04
   days on market $134,900 Active 113 DOM
6. 2026-06-03
   days on market $134,900 Active 112 DOM
7. 2026-06-02
   days on market $134,900 Active 111 DOM
8. 2026-06-01
   days on market $134,900 Active 110 DOM
9. 2026-05-31
   days on market $134,900 Active 109 DOM
10. 2026-03-10
    price $134,900
11. 2026-02-19
    price $135,000
12. 2026-02-11
    listed $149,000 Active
13. 2023-11-03
    soldstatus $185,000
14. 2023-10-25
    soldstatus $185,000 Closed 439-char remark

    Show marketing remark (439 chars)

    Welcome Home! Beautiful 2 Bedroom 2 Bathroom Condo Located at Park Place, a 55+ Community. Water Views From Living Room and Bedrooms!! Centrally Located and With Easy Access to Major Expressways, Schools, Supermarkets, Banks, Parks, Restaurants, Cafes, Shopping and Much More. Have Breakfast or Your Favorite Meal, or Enjoy Wine or Beer After Work From Your Porch. Please Come Put Your Touch On And Make It Your New HOME. Come See it Today

15. 2023-09-28
    status Pending 439-char remark

    Show marketing remark (439 chars)

    Welcome Home! Beautiful 2 Bedroom 2 Bathroom Condo Located at Park Place, a 55+ Community. Water Views From Living Room and Bedrooms!! Centrally Located and With Easy Access to Major Expressways, Schools, Supermarkets, Banks, Parks, Restaurants, Cafes, Shopping and Much More. Have Breakfast or Your Favorite Meal, or Enjoy Wine or Beer After Work From Your Porch. Please Come Put Your Touch On And Make It Your New HOME. Come See it Today

16. 2023-09-26
    historical Active Under Contract 439-char remark

    Show marketing remark (439 chars)

    Welcome Home! Beautiful 2 Bedroom 2 Bathroom Condo Located at Park Place, a 55+ Community. Water Views From Living Room and Bedrooms!! Centrally Located and With Easy Access to Major Expressways, Schools, Supermarkets, Banks, Parks, Restaurants, Cafes, Shopping and Much More. Have Breakfast or Your Favorite Meal, or Enjoy Wine or Beer After Work From Your Porch. Please Come Put Your Touch On And Make It Your New HOME. Come See it Today

17. 2023-09-14
    listed $175,000 Active 439-char remark

    Show marketing remark (439 chars)

    Welcome Home! Beautiful 2 Bedroom 2 Bathroom Condo Located at Park Place, a 55+ Community. Water Views From Living Room and Bedrooms!! Centrally Located and With Easy Access to Major Expressways, Schools, Supermarkets, Banks, Parks, Restaurants, Cafes, Shopping and Much More. Have Breakfast or Your Favorite Meal, or Enjoy Wine or Beer After Work From Your Porch. Please Come Put Your Touch On And Make It Your New HOME. Come See it Today

18. 2004-11-15
    soldstatus $118,000
19. 2003-01-17
    soldstatus $79,200

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,430 · $202/mo
• Projected year-2 tax: $2,430 · $202/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,021
• − Mortgage interest: −$7,556
• − Property taxes: −$2,430
• − Insurance: −$674
• − Repairs & maintenance: −$2,162
• − Management: −$2,162
• − HOA: −$8,232
• − Depreciation: −$3,924
• Taxable loss: −$120
• Est. tax savings @ 24.0%: +$29
• After-tax cash flow: $1,550/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Pembroke Pines

• Score: 83/100
• State rank: #54
• US rank: #933

Category grades

Amenities D+ Commute A- Cost of living D+ Crime A- Employment B+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pembroke Pines, FL
• County: Broward County · 1,963,430 people
• City population: 180,224
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 31,172
• Household income: $89,306
• Rent vs Own: 16.8% rent · 83.2% own
• Severe rent burden: 517.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 41% White 35% Two or more races 23% Black 15% Asian 4%
• Hispanic origin (detail): Puerto Rican 5% Cuban 13% Dominican 2%
• Common ancestry: Hispanic 5% Romanian 3% Scotch-Irish 2%
• Foreign-born: 35% · Canada, Jamaica, China
• Languages at home: 52% English-only · Spanish 35% French/Haitian/Cajun 5% Other Indo-European 4%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -248.72%
• Current HPI: 380.7596
• Rent YoY: ▲ 1.58%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+70.3% since first listed

10 events — show timeline

• 2026-03-10 Price Changed $134,900 MARMLS
• 2026-02-19 Price Changed $135,000 MARMLS
• 2026-02-11 Listed $149,000 MARMLS
• 2023-11-03 Sold (Public Records) $185,000 Public Records
• 2023-10-25 Sold (MLS) $185,000 MARMLS
• 2023-09-28 Pending — MARMLS
• 2023-09-26 Contingent — MARMLS
• 2023-09-14 Listed $175,000 MARMLS
• 2004-11-15 Sold (Public Records) $118,000 Public Records
• 2003-01-17 Sold (Public Records) $79,200 Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,430 · -15.4% YoY. Source: county tax records.