For sale

Price cut: $5K (6/23)

$84,900

2831 Somerset Drive #305, Lauderdale Lakes, FL 33311

1beds

748sqft

$1,006/mo

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Condominium

Built in 1974

-- sqft lot

$-- Zestimate^®

$114/sqft

$390/mo HOA

What's special

Heated poolAbundant natural lightOpen layoutCeramic tile floors throughoutWalking paths

Recently reduced and priced to sell —one of the best values for a 1-bedroom in Somerset. Seller motivated and ready to make a deal. Bright and well-maintained 1BR/1BA with approximately 748 sq ft of living space in a desirable 55+ gated community with manned security. Open layout with ceramic tile floors throughout and abundant natural light. Spacious bedroom with ample storage. Vacant and ready for immediate occupancy. Enjoy resort-style amenities including heated pool, clubhouse, fitness center, billiards, shuffleboard, and walking paths. Conveniently located near shopping, dining, and major roadways. Low HOA. Optional furniture available for turnkey move-in. Strong value—don't miss this opportunity. Rental restrictions apply. Vacant and easy to show. Schedule via ShowingTime and use Supra lockbox. Optional furniture available for turnkey setup. Well-maintained 55+ gated community with strong amenities and convenient location near shopping, dining, and major roadways.

99 days

63

0

Facts & features

Interior

Bedrooms & bathrooms

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

Primary bedroom

Level: Main
Area: 168
Dimensions: 12 X 14

Kitchen

Level: Main
Area: 76
Dimensions: 8 X 9.5

Living room

Level: Main
Area: 396.62
Dimensions: 14 X 28.33

Heating

Central

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater
Laundry: Common Area

Features

Bedroom on Main Level, Entrance Foyer, Living/Dining Room, Walk-In Closet(s)
Flooring: Ceramic Tile, Tile
Windows: Blinds
Has fireplace: No

Interior area

Total structure area: 748
Total interior livable area: 748 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Assigned, Guest

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Exterior features: Courtyard
Pool features: Heated
Fencing: None
Waterfront features: None

Details

Parcel number: 494230ac0420
Zoning: RM-20
Special conditions: Standard,Listed As-Is

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Block, Stucco
Foundation: Slab
Roof: Flat

Condition

Resale
New construction: No
Year built: 1974

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Sewer Available, Water Available

Community & HOA

Community

Features: Gated
Security: Gated with Guard, Gated Community
Senior community: Yes
Subdivision: SOMERSET NO 2 CONDO

HOA

Has HOA: Yes
Amenities included: Billiard Room, Clubhouse, Fitness Center, Gated, Pool, Parking, Shuffleboard Court, Elevator(s)
Services included: Common Areas, Insurance, Maintenance Grounds, Pool(s), Security, Trash, Water
HOA fee: $390 monthly

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $114/sqft
Tax assessed value: $72,620
Annual tax amount: $2,101
Date on market: 5/5/2026
Cumulative days on market: 281 days
Listing terms: Cash,Conventional
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$1,437/mo

Price history

Date	Event	Price
6/23/2026	Price change	$84,900-5.6%$114/sqft
Source: BeachesMLS #B26024371 Report a problem
5/5/2026	Price change	$89,900-7.3%$120/sqft
Source: BeachesMLS #B26024371 Report a problem
11/4/2025	Listed for sale	$97,000+506.3%$130/sqft
Source: BeachesMLS #RX-11137652 Report a problem
12/17/2001	Sold	$16,000+60%$21/sqft
Source: Public Record Report a problem
2/20/2001	Sold	$10,000$13/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,101 +5.4%	$72,620 +10%
2024	$1,994 +6.4%	$66,020 +10%
2023	$1,874 +15.9%	$60,020 +10%
2022	$1,617 +6.5%	$54,570 +10%
2021	$1,518 +4%	$49,610 +5.3%
2020	$1,459 +7.4%	$47,110 +10%
2019	$1,359	$42,830 +0.5%
2018	$1,359 +5.5%	$42,630 +18.8%
2017	$1,288 +9.3%	$35,880 -9.4%
2016	$1,178 -6.8%	$39,620 +10%
2015	$1,263 +7.9%	$36,020 +10%
2014	$1,171	$32,750 +10%
2013	$1,171 +11.6%	$29,780 -4.8%
2012	$1,050 -0.8%	$31,270 -3.1%
2011	$1,058 +8.5%	$32,280 -3.7%
2010	$975 -13.4%	$33,530 -20%
2009	$1,126 +3%	$41,910 -1%
2008	$1,093	$42,330