Fairbanks Terrace Co-Op
Homes for Sale in Pompano Beach, FL
All 1,079 homes for sale in Pompano Beach, FL · median $360,000 · 481 homes for sale in 33062 · Broward County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 8 closed sales in Fairbanks Terr Co-Op in Pompano Beach, FL since 2019, the most recent in May 2024. Across Pompano Beach as a whole, 778 homes closed in the last 12 months at a median of $394,999, 66 median days on market, with 395 homes for sale today. At that median and Broward County's FY2025-26 rate of 19.84 mills, annual property tax runs about $7,840 ($7,010 with the full homestead exemption).
Fairbanks Terr is a co-op, and that structure sets the terms more than any single listing does. You are buying shares tied to a unit, not a fee-simple deed, so board approval, cash requirements, and financing restrictions do more to shape price and pace here than square footage alone. Condition and the co-op's own rules end up being the real pricing levers.
With no community amenities identified in current MLS data, the value proposition rests on the units themselves and the Pompano Beach location. For a buyer, that means underwrite the co-op documents before the unit. For a seller, it means presentation and a clean approval path matter as much as the ask.
Nearby homes for sale
No active listings inside Fairbanks Terr Co-Op right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Fairbanks Terr is a co-op community in Pompano Beach, Broward County, where ownership means holding shares in the corporation rather than a titled deed. That distinction, not amenities, defines the buying and selling experience here.
BeachesMLS sales records identify 6 homes in Fairbanks Terrace Co-Op that have changed hands since 2008, built between 1961 and 1968 (median 1961), with a median living area of about 585 sq ft and a typical 1-bedroom, 1-bath layout. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Fairbanks Terrace Co-Op is best for.
Best for
- Cash-ready buyers who accept board approval as part of the deal
- Buyers prioritizing a Pompano Beach location over community amenities
- Long-term owner-occupants comfortable with co-op leasing restrictions
Probably not for
- Buyers needing conventional low-down financing or maximum leverage
- Investors who want to lease the unit freely
- Buyers shopping for pools, clubhouses, or other community amenities
The market around Fairbanks Terrace Co-Op
Fairbanks Terrace Co-Op is too small for its own price trend, so here is the market around it.
In ZIP 33062, 702 homes are on the market and 12% are under contract — a slower corner of Pompano Beach.
Across Broward County, 14,300 homes are active and 3,189 pending (18% under contract).
In ZIP 33062 (Pompano Beach), 585 homes closed in the last 12 months at a median of $510K ($388/sq ft), up 0.6% year over year, with a median 72 days on market. Right now 233 active and 43 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 33062 housing market and the Broward County market.
ZIP and county figures describe the wider market, not Fairbanks Terrace Co-Op specifically. Momentum Research analysis of MLS records.
Fairbanks Terrace Co-Op by the numbers
From county property records and closed MLS sales for the Fairbanks Terrace Co-Op subdivision: 5 homes on record; built 1961; typical size about 585 heated sq ft; 1 bedrooms is the median. Housing mix: condo 60%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2020 | 1 | $125,000 |
| 2022 | 2 | $210,000 |
| 2024 | 2 | $251,250 |
Newest recorded sale: $242,500 on 2024-05-24.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
The Fairbanks Terrace Co-Op buying strategy.
If we were buying in Fairbanks Terrace Co-Op today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Fairbanks Terrace Co-Op.
The co-op factor
Co-ops trade differently than condos or single-family homes. Boards typically vet buyers, may cap financing or require substantial cash, and can restrict leasing. None of that is a flaw, but it narrows the buyer pool and can lengthen or shorten timelines depending on how the board operates. Read the bylaws, the proprietary lease, and the financials early.
Current MLS listings show no identified community amenities, so don't shop this one for resort features. The case for Fairbanks Terr is location within Pompano Beach and the individual unit's condition and price. Verify what the monthly maintenance covers and how the co-op is capitalized before you commit.
The location and the amenities are priced into every listing in Fairbanks Terrace Co-Op. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Co-ops reward representation that reads documents, not brochures. We help you dig into the board approval process, financing and cash requirements, leasing rules, and the co-op's financial health before you're emotionally attached to a unit, so you know the real terms of ownership going in.
Fairbanks Terrace Co-Op in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Fairbanks Terrace Co-Op buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Fairbanks Terrace Co-Op sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Fairbanks Terrace Co-Op, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Fairbanks Terrace Co-Op home worth?
Get a no-obligation home value based on real comparable sales in Fairbanks Terrace Co-Op, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Pompano Beach →
Should you buy in Fairbanks Terrace Co-Op?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Beaches MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2019 (8 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Fairbanks Terr Co-Op fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Fairbanks Terrace Co-Op
Where is Fairbanks Terrace Co-Op?
Fairbanks Terrace Co-Op is a community in Pompano Beach, Broward County, Florida, ZIP 33062.
How many homes are in Fairbanks Terrace Co-Op?
County property records list 5 homes in Fairbanks Terrace Co-Op, built between 1961 and 1961; the typical home is about 585 heated square feet.
What do homes in Fairbanks Terrace Co-Op sell for?
Fairbanks Terrace Co-Op has no MLS sales in the last 12 months. The most recent year with recorded sales on file is 2024 (2 sales, median $251,250). For context, ZIP 33062 has 702 homes on the market with 12% under contract.
Are there homes for sale in Fairbanks Terrace Co-Op right now?
No active listings inside Fairbanks Terrace Co-Op at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Fairbanks Terrace Co-Op have an HOA or CDD?
No HOA is on record for Fairbanks Terrace Co-Op in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Fairbanks Terrace Co-Op with Momentum Realty’s local guides.