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3116 Merrick Terrace #3116, Pompano Beach, FL, 33063

3beds
3baths
1,527sqft
$355,000
$232price/sqft
$2,618/moest. monthly cost
$104,720/yrincome needed

About This Home

This townhouse in Merrick Preserve, Margate, FL, offers an appealing blend of comfort, safety, and convenience, ideal for families. With 3 bedrooms and 3 bathrooms, it provides ample space in a well-maintained, gated community, ensuring privacy and security. Its environment with its proximity to good schools, makes it a great choice for children. Additionally, its location in Margate places residents near shopping centers, dining, parks, and major highways, allowing for easy commutes and access to amenities. This property would be a great community-oriented neighborhood with convenient local amenities.

Getting Around

58
WalkingSomewhat Walkable
38
TransitSome Transit
51
BikeBikeable

Schools

8/10
Liberty Elementary SchoolGrades PK-50.9 mi
5/10
Margate Middle SchoolGrades 6-82.3 mi
4/10
Monarch High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2005

Materials

  • Construction materials: Stucco

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Disposal,Microwave,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Main Level Primary,Upper Level Primary
  • Flooring: Ceramic Tile,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 1,527 sqft

Property

Details

  • Parcel number: 484219ae1470
  • Lease amount: 0

Features

  • Entry location: First Floor Entry
  • Pool features: Association
  • Patio & porch: Patio
  • Exterior features: Outdoor Living Area
  • Has view: Yes
  • View description: Garden

Parking

  • Parking features: Guest

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Cold Wave
Heat Wave
Inland Flooding
Tsunami

FEMA Declared Disasters in Broward County and Florida

Flood
Hurricane
Severe Storm
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,795$21,540
Home Insurance *$343$4,116
Property Taxes $283$3,396
Electricity $197$2,366
Total$2,618$31,416
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$89,760/yr
40% on housing$78,540/yr
45% on housing$69,813/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.5%
4.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$232This listing

vs Other Active Listings

Avg $/sqft

ZIP 33063$141
Broward County$319

vs Homes Sold Last Month

Median $/sqft

ZIP 33063$293
Broward County$352

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-01Price change$355,000
2026-03-06Price change$360,000
2025-07-10Price change$375,000
2025-06-13Price change$379,000
2025-03-06Price change$380,000
2024-10-31Listed for sale$400,000

For Sale by Agent

AgentGerman Pizarro
BrokerageGP MyRealtor Group LLC

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