2821 Somerset Dr

Lauderdale Lakes, FL 33311

$89,900

$120/ft²

1Beds

1Baths

748Sq ft

1974Year built

CondoType

About this home

Welcome to easy, maintenance-free living in this charming first-floor condo located in a desirable 55+ community. This well-maintained 1-bedroom, 1-bathroom residence offers 748 square feet of comfortable living space with a functional layout and convenient ground-floor access—no stairs to climb. Enjoy a bright and inviting interior with ample living and dining space, a spacious bedroom, and plenty of storage. The first-floor location provides easy accessibility and convenience for everyday living. Residents enjoy an array of community amenities, including a welcoming clubhouse, fitness center, recently refurbished swimming pool, billiard tables, and a variety of monthly social activities designed to foster an active and engaging lifestyle. The community is financially stable with **no special assessments**, offering added peace of mind for homeowners. Association requirements include a **minimum 700 credit score** for buyers. Seller is offering to pay for 1-0 Buydown Rate with preferred lender to qualified buyers. Ask listing agent for further details. Whether you're looking for a year-round residence or a seasonal retreat, this affordable condo presents an excellent opportunity to enjoy a vibrant lifestyle in a friendly and well-maintained 55+ community.

Features

55+ community

Property details

Listing

MLS #: A12035165
Status: For sale
Listed on: Jun 10, 2026
Days on market: 60 days
Listing data updated: Jun 12, 2026

Interior

Beds: 1
Baths: 1
Living area: 748 ft²
Price per ft²: $120/ft²
Unit: 117

Building & community

Type: Condo
Year built: 1974
HOA fee: $421/mo
County: Broward

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $455
Property taxes (est.): $83
Home insurance (est.): $233
Flood insurance (est.): —
HOA fee: $421

Estimated total$1,192*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?