3400 N Pinewalk Drive N 915, Margate, FL 33063

$209,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 912 Status: Closed
Current Price: $209,000 List Date: 12/09/2024 Last Modified: 9/09/2026

Overview

Description

INVESTOR'S DREAM! Come see this rare opportunity to own a spacious 2-bed, 1 bath unit on the 1st floor in the Community of Coral Key. This unit currently has a long-term, timely paying renter who just signed a new lease for $1,900/m through December 2025. **Monthly Net income = $1,190 (after expenses paid) - Cap rate = 6.5%** This is a first-floor unit with a beautiful golf course view. Inside, there is tile flooring throughout along with upgraded kitchen. The Coral Key community features a club house with pool and gym along with a plethora of parking for guests. Low condo fees, which include the water and the ability to rent the unit immediately round out this great opportunity. With the desirable location and price point of this unit, it will not stay on the market for long.

Listing Details MLS# A11706910

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
912
Living Area Main
912
Adjusted Area Main
912
Year Built
1989
Senior Community YN
No
Stories Total
3

Property Features

Application Information: 1-2 Weeks Approval Association Fee Includes: Maintenance Structure; Pool Service; Roof Repairs; Sewer; Water Exterior Features: Tennis Court(s) Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Electric Association Type: Condominium Heating: Electric Listing Terms: Cash; Conventional Lot Features: On Golf Course Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Restrictions: No Restrictions Security Features: Other Tax Information: City/County View: Golf Course Showing Requirements: Call Listing Agent; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
219000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
3400
Street Direction Prefix
N
Street Name
Pinewalk
Street Suffix
Drive
Street Direction Suffix
N
Unit Number
915
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
7837
Postal Zip
33063
Subdivision Name
CORAL KEY CONDO
Area
3611
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Margate
Middle Or Junior School
Margate
High School
Coral Springs
Parcel Number
484123BC1570
Subdivision Number
Yes
Flood Zone
X

Financial Information

Association YN
Yes
Association Fee
365
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
365
Membership Fee Required YN
No
Tax Annual Amount
4173
Tax Year
2024
Tax Legal Description
CORAL KEY CONDO UNIT 915 BLDG 9 AKA 3400 PER CDO BK/PG: 41985/805

Status Change Information

Major Change Timestamp
2025-02-14T22:21:13Z
Major Change Type
Status Change
Status Change Date
2025-02-23
Under Contract Date
2025-01-10
Close Date
2025-02-14
Close Price
209000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
120

Buyer Details

Country of Origin
United States
Intended Use
Investment
Buyer State
Florida
Zip Code
33326

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
1570

Originating Details

Originating System Key
404342909
Originating System ID
M00000151
IDX
Listing Office: Florida Realty Wealth Group Inc.
Source MLS Verified
Last Updated: September - 09 - 2026
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