557 Banks Road, Margate, FL 33063

$299,500
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,172 Status: Closed
Current Price: $299,500 List Date: 5/11/2023 Last Modified: 8/23/2026

Overview

Description

LAKE VIEW THRUOUT SPACIOUS VILLA. NEEDS TLC. ADD UPDATES & MAKE IT YOUR OWN. NEWER KITCHEN WITH WALL DOWN, SS APLIANCES & GRANITE COUNTERS. CATHEDRAL CEILING, FANS, PORCELAIN TILE FLOORS. ATTIC STORAGE, COMPLETE HURRICANE SHUTTERS. ENJOY FISHING, CANOEING, AND SCENIC SUNSETS. WELL MAINTAINED COMMUNITY HAS 2 POOLS,TENNIS COURT, CLUBHOUSE, SAUNA, POOLTABLE, DOCKS. LOW HOA INCLUDES BASIC CABLE, TRASH REMOVAL, BUILDING INSURANCE, EXTERIOR PAINT, ROOF REPAIRS & LAWN. GREAT LOCATION. EXCELLENT VALUE.

Listing Details MLS# R10887875

General Property Information

Number Of Units In Community
136
Total Units In Building
3
Unit Floor #
Yes
Property Sub Type
Villa
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1172
Building Area Source
Public Records
Living Area Main
1156
Year Built
1981
Gated Community YN
No
Lot Size Area
3927
Lot Size Acres
0.09
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
East
Pool Private YN
No
Furnished
Unfurnished

Property Features

Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Insurance; Maintenance Grounds; Trash Dining Area: Dining/Living Room Electric: Three Phase Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Washer Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Association Type: Homeowner Association Heating: Heat Strip Interior Features: Cathedral Ceiling(s); Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside Levels: Multi/Split Listing Terms: Cash; Conventional; VA Loan Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: Buyer Approval Required Other Leasing Restrictions: Leasing Prohibited 1st Year Road Frontage Type: West of US-1 Roof: Composition; Shingle Security Features: None Special Information: Sold As-Is Storm Protection Details: Storm Shutters Structure Type: Villa Tax Information: City/County; No Homestead Unit Description: Corner/End Unit Utilities: Cable Available; Water Available Water Source: Public Water View: Lake Waterfront Features: Lake Front Showing Requirements: Appointment Only; Occupied; Schedule Online Outdoor Living Spaces: Patio; Porch Porch Details: Porch - Open Contingencies: Appraisal; Backup Contract/Call LA; Financing Contributions Detail: Closing Costs Room Types: Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
299500

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
557
Street Name
Banks
Street Suffix
Road
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Zip
33063
Subdivision Name
WOODLAKE ISLES
Area
3523
Geographic Area
NE41 - North Broward Turnpike To 441 (3511-3524)
Elementary School
Liberty (Broward)
Middle Or Junior School
Margate
High School
Coconut Creek
Special Assessment YN
No
Parcel Number
484231140040
Zoning
R-3
Directions
ATLANTIC AVE TO BANKS ROAD JUST WEST OF TURNPIKE NORTH TO WOODLAKE ISLES ON LEFT SIDE TO PROPERTY.
Multiple Offers Accepted
Yes

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
228
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
866-423-2473
Membership Fee Required YN
No
Tax Annual Amount
5034.1
Tax Year
2022
Tax Legal Description
WOODLAKE ISLES 108-5 B POR TR A DESC AS COMM AT SE COR OF SAID TR,WLY 118.17 TO POB, NLY 52.19,WLY 74 M/L TO ELY SHORELI

Status Change Information

Major Change Timestamp
2023-06-24T13:48:42Z
Major Change Type
Status Change
Status Change Date
2023-06-24
Under Contract Date
2023-05-25
Close Date
2023-06-23
Close Price
299500
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Parking Information

Open Parking Spaces
Yes

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Storm Protection

Electric/Power Shutters
Partial
Impact Glass
Partial
Roll-Down Shutters
Complete

Buyer Details

Country of Origin
United States
Intended Use
Primary Residence
Zip Code
33063

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
Yes

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
259.08
Original List Price To Close Price
Yes

Originating Details

Originating System Key
20230508022547299013000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 25.00 16.00 Main
Kitchen 15.00 10.00 Main
Master Bedroom 15.00 13.00 Main
Laundry
IDX
Listing Office: Real Estate Community Advisor LLC
Source MLS Verified
Last Updated: August - 23 - 2026
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