Neighborhood · Margate, Florida
Palm Island
Small, gated, and close to everything in Broward
1
Homes for sale
$569,000
Median list price
$302
Avg price / sqft
5
Median days on market
Palm Island is a compact, gated pocket of Margate in central Broward County, the kind of neighborhood where you know your neighbors and the streets stay quiet. Homes here run to a comfortable size — a median of 1,886 square feet — and the community feeds into a respected set of Nova magnet schools, including Nova Dwight D. Eisenhower Elem and Nova Blanche Forman Elementary. It's a location that trades big-name attractions for everyday ease and a short drive to the rest of Margate.
For buyers, this is a thin, fast-moving market. There's currently just one active listing at $569,000, and over the past year only six homes sold — at a median of $477,450, with sellers averaging a full 100% of their asking price. When something comes up it tends to move quickly, so it pays to browse Margate homes for sale and watch the live map closely.
Palm Island is a community in Margate, Florida.
Quick facts
$569,000 – $569K price range
1,886 sqft median home
6 sold in 12 months
On the market now
Homes for sale in Palm Island
Every active listing inside the Palm Island boundary
Open full map search →The numbers that matter
The Palm Island market
6
Sold, last 12 months
$477,450
Median sold price
100%
Sale-to-list ratio
What sellers actually get vs asking
14 days
Median time to sell
Palm Island vs Margate
Median list price
Price per sqft
Days on market
Live Stellar MLS data — every listing and closed sale inside the Palm Island boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Palm Island is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Palm Island home
≈ $3,772/mo
$569,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
Population
487
Median age
40
Median income
$67,361
Median home value
$341,800
Beyond the listings
Living in Palm Island
Food & Drink
Top 3% in the U.S.Ingredient Attentive
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Beliefs
Top 4% in the U.S.Mindfulness & Spirituality
Seeking peace and well-being through meditation, gratitude and spirituality.
Active
Top 6% in the U.S.Yoga Advocates
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
Relationships
Top 6% in the U.S.Connected Motherhood
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Emotional
Top 6% in the U.S.Heartfelt Sharing
This population is characterized by vulnerability. Looking to unload emotional burdens, activities include confessions, apologies, and long-form posts.
Emotional
Top 7% in the U.S.Deep Emotions
Sharing personal struggles and stories overcoming relationship issues, this population seeks to tell others about their emotional journeys.
Straight answers
Palm Island FAQs
Is Palm Island a good place to live?+
It suits buyers who want a quiet, gated setting with real living space and strong school options. The neighborhood is assigned to the well-regarded Nova magnet schools, and its central Broward location keeps you close to the rest of Margate. It's more residential-calm than nightlife-driven.
Is Palm Island expensive?+
It's a mid-market pocket for the area. The single active listing is priced at $569,000, while homes that actually sold over the past year came in at a median of $477,450 — so the gap between asking and closing prices is worth keeping in mind.
What do homes cost in Palm Island?+
Current pricing works out to about $302 per square foot on a median home size of 1,886 square feet. With just one home on the market at $569,000 and a 12-month median sold price of $477,450, your best move is to track new listings on the live map as they appear.
How is the market in Palm Island?+
It's fast and tight. Only six homes have sold in the last year and the median days on market is just 5, with sellers averaging a full 100% of asking — so serious buyers should be ready to act when inventory shows up.
What about HOA fees and property taxes?+
Property taxes here run a median of about $6,768 per year. HOA figures aren't currently reported in the data for Palm Island, so confirm any community dues directly on the specific listing before you make an offer.
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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