7551 SW 42ND PLACE, DAVIE, FL, 33314
Active145 days on marketListed May 21, 2026MLS #O6409135
About this home
7551 SW 42ND PLACE
Virtually Staged. ** NEW ROOF COMING SOON ** NEW WATER HEATER OCT 2025 ** NEW AC 2023 ** WATERFRONT HOME ** OVER-SIZED LOT ** LOW $150 ANNUAL LAKE FEE ** NO HOA ** AMAZING OPPORTUNITY. Ideally located in sought-after Lakeshore Ranches, less than 2 miles from Nova Southeastern University and HCA Florida University Hospital, this spacious 3-bedroom, 2-bathroom Waterfront Home offers an oversized lot, a peaceful dead-end street setting, and no HOA. Enjoy a relaxed South Florida lifestyle with beautiful water views, a private backyard retreat, and convenient access to beaches, shopping, dining, entertainment, downtown Davie, cruise ports, TWO International Airports, Hard Rock Stadium, home of the Miami Dolphins and the Miami Open tennis tournament, universities, hospitals, and major transportation routes, all for a LOW $150 annual lake fee. The split floor plan includes 3 bedrooms and 2 bathrooms, with the kitchen and family room conveniently separated from the living room and formal dining room. Sliding glass doors provide access to the waterfront backyard, from three areas of the home: the formal dining/living room, kitchen/family room, and primary suite. Plantation Shutters plus all kitchen appliances and washer dryer, are included. Relax and enjoy personal waterfront views, banana trees, palm trees, and easy-care landscaping, from the covered lanai. The private setting offers opportunities for daily fishing, kayaking, swimming and paddle-boarding, non-motorized activities. The LOW $150 annual Lake Association fee pays for lake treatment and general upkeep, allowing you to enjoy the waterfront lifestyle with minimal expense. For nonstop domestic and international flights Fort Lauderdale-Hollywood International Airport is approximately 15 minutes, while Miami International Airport is just 25 miles. Reach the Tri-Rail and Brightline stations in 20 minutes, with direct service to Orlando. Easy access to Florida’s Turnpike and I-595 makes commuting and travel simple. This waterfront home offers an ideal combination of space, privacy, outdoor living, and location. An exceptional opportunity for first-time buyers, families, snowbirds, and investors seeking a South Florida home with no HOA and an affordable annual lake fee.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,608
Sqft
0.3 ac
Lot size
1
Garage
1976
Year built
One
Levels
$370
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,796 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$3,796/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+4.4%
Days on market
145 vs 128 typical
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Davie
Get to know Davie. See the full Davie guide →
DAVIE 33314 — neighborhood snapshot
Population
30,121
Median age
31.9
Median income
$63,791
Median home value
$347,600
Avg household
2.51
Households w/ children
3,009
For the school run
Broward County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Davie market
$460K → $1.1M
Davie median sold, yr/yr
Median sold price, Davie, trailing 36 months (3-month rolling) · live MLS data.
Paper trail
This home's history
Reality check
What actually sold near 7551 SW 42ND PLACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$700,000
5031 SW 87TH AVENUE
3 bd · 2 ba · 1,738 sqft · $403/sqft · 58 DOM
Sold · Aug ’26$670,000
5190 SW 89TH AVENUE
3 bd · 2 ba · 2,075 sqft · $323/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 7551 SW 42ND PLACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7551 SW 42ND PLACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
7551 SW 42ND PLACE FAQs
What would the monthly payment be for 7551 SW 42ND PLACE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $3,796/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 7551 SW 42ND PLACE?+
The most recent tax bill on record (2024) was $2,446. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 7551 SW 42ND PLACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Davie?+
At $594,750, this home is priced right at the Davie median.
Which schools are assigned to 7551 SW 42ND PLACE?+
Davie Elementary School (elementary), Driftwood Middle School (middle), Hollywood Hills High School (high) — Broward County School District. Always verify school assignments with the district before relying on them.
Listing courtesy of THE ANDERSON GROUP & CO PL · Alison Maltby. MLS #O6409135.
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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