Somerset Lakes is a gated, garden-style condo community straddling the Fort Lauderdale/Lauderdale Lakes line, centered on a clubhouse and landscaped grounds. The listing address (3200 W Oakland Park Blvd) is one of several Somerset buildings under the same association umbrella, whose office sits at 2824 Somerset Dr. It's a working-class residential pocket convenient to shopping centers and schools rather than a beach or downtown destination.
No red flags currently on our file (last updated 2026-07-10) — but our file reflects publicly identified issues, not verified good standing. Your report re-checks all 14 risk categories fresh and tells you exactly what to verify with the association.
Get the full Intelligence Report — $9.99Recent listings at Somerset Lakes Condo range around $19,900-$160,000.
Somerset Lakes Condo was built in approximately 1981 with 576 units.
Florida condominiums of this age are subject to milestone inspection and structural reserve requirements. Our Intelligence Report covers what official city and county records show for this building, and what remains for a buyer to verify with the association.
When you buy into a condo building that's 15 or more years old — anywhere in the US — you should expect by default that an assessment, or several, is in effect or on the way: roof repairs, elevator replacement, repaving, facade work. Buildings age on a schedule, and the bill lands on the owners: often hundreds of dollars a month on top of your mortgage, HOA fee, taxes, and insurance. The unit listing rarely mentions any of it.
In Florida, the stakes for older buildings are higher still. Since the 2021 Surfside tragedy, state law requires milestone structural inspections at 30 years (25 in some coastal areas), Structural Integrity Reserve Studies, and — critically — bars associations from waiving reserve funding for structural components, ending decades of artificially low fees. Add the state's insurance surge, and many older buildings carry obligations that never appear in a listing. None of this makes an older building a bad purchase — but the difference between a well-run 1970s tower and a struggling one can be tens of thousands of dollars per unit. That's the question our building intelligence answers.
Nearby in Fort Lauderdale: Victoria Park Tower · Maybury Mansions · Ocean Summit · The Commodore · The Galleon · All Fort Lauderdale condos