Fairbanks Terrace Co-Op
Homes for Sale in Pompano Beach, FL

Fairbanks Terrace is a co-op community in Pompano Beach's Broward beaches area, where ownership and approval mechanics matter as much as the unit itself. Buyers should treat the co-op structure as the defining feature, since no distinct community amenities show in current listings.

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.

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.

• McNab · Elementary
• Pompano Beach · Middle
• Blanche Ely · High

Zoned schools reflect the assignments reported on recent Fairbanks Terrace Co-Op listings and can change; always confirm with Broward County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Fairbanks Terrace Co-Op address.

Co-op ownership is a different animal from a condo. You hold shares in the corporation that owns the property, along with a proprietary lease to occupy your unit. That distinction drives everything downstream: board interviews and approval, restrictions on renting or reselling, and a smaller financing market since many mortgage products are built for deeded property. None of this is a flaw — it is simply the terrain, and buyers who plan for it tend to do fine.

Because no community amenities surface in the current MLS listings, do not shop this community for a pool or clubhouse story. Shop it for the unit, the monthly carrying cost, and the strength of the co-op's finances. Ask for the association's reserves, rules, and any assessment history early, because in a co-op those documents are the deal, not the fine print.

Co-ops trip up buyers and agents who treat them like condos. We slow the process down where it counts — reading the co-op's governing documents, mapping the approval timeline, and steering you toward financing that actually works for share ownership. If the numbers or the rules do not fit your plan, we will say so before you are under contract.

Listings in this community report association dues of about $449 per month ($5,388 a year) — the median AssociationFee across 3 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.