Somerset Condo
Somerset Condo is a large, active 55+ community in Lauderdale Lakes, a small town situated northwest of Fort Lauderdale. With easy access to shopping, entertainment, outdoor recreation, houses of worship, and health care, it is an excellent and affordable chance to live under 10 miles from the beach. Constructed in the early 70s, it is made up of 16 buildings, housing 576 condos in total. All buildings are 4 stories, outfitted with elevators, common laundry on each floor, and extra storage lockers. Units feature 1 or 2 bedrooms, ample closet space, and plenty of natural light from their sliding doors and breezy balconies. The community boasts a waterfront clubhouse complete with a library, game room, fitness center, pool, shuffleboard, picnic pavilion, and more. The community is managed by Somerset at Lauderdale Lakes Condominium Assn., Inc., which allows one small pet (under 15lbs), and provides 1 assigned parking space per unit. 1 Seasonal lease is permitted, once the unit has been owned for 3+ years, and each unit must be occupied by a 55+ resident for more than 4 months of the year. To the west, you will find premier outlet shopping at Sawgrass Mills, and to the east is quirky, vibrant nightlife at Wilton Drive. For air travel, Fort Lauderdale International Airport is only 10 miles away.
Find Somerset Condo south of Oakland Park Blvd, and west of NW 31st Ave. (MAP)
Association Information
-
Somerset at Lauderdale Lakes Condominium Assn., Inc.
-
Dues range from approximately $200 to $290 per month
-
Maintenance fee includes common areas, recreational facilities, exterior/roof maintenance, lawn care, parking, pest control, management fees, exterior building insurance, sewer, water, trash removal
-
Minimum credit score: 675
-
Minimum down payment: 10%
-
Application Fee: $100
-
Association interview required for buyer approval
-
55+ Community
-
1 Pet permitted | 15lb Limit
-
At least 1 resident 55 or older must reside in the unit for 4 months out of the year
-
No leasing during the first 36 months of ownership
-
Minimum lease term: 3 months | Maximum lease term: 6 months
-
1 Assigned parking space per unit | Guest parking available for 2nd vehicle
-
No trucks, trailers, campers, boats, or commercial vehicles