5729 Coral Lake Drive 305, Margate, FL 33063

$185,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,090 Status: Closed
Current Price: $185,000 List Date: 4/09/2024 Last Modified: 9/07/2026

Overview

Description

DRASTIC PRICE IMPROVEMENT!! Beautiful waterfront condo in the desirable 55+ sought after community of Coral Gate, just needs some TLC Maintenance Includes Water and Cable (HBO). Features include Washer/Dryer in the unit, New Stainless-Steel Appliances, Newer Flooring, Built up Closets, and assigned extra Storage. Amenities include 3 Heated Pools, 3 clubhouses, Peaceful Walk/Jogging Path, Billiards, Shuffleboard, BBQ Parties, Group Trips for those who are interested, and on-site mgt, Property is centrally located and minutes away from Shopping, Restaurants, Seminole Casino, Horse Track Racing, Tradewinds Park, and Butterfly World. Close to the Turnpike and Sawgrass Expressway. 55+ Community Requires 15-20% Down Payment, 650 Minimum Credit Score, No Leasing First 2 Years.

Listing Details MLS# A11565511

General Property Information

Unit Floor #
3
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1090
Living Area Main
1090
Adjusted Area Main
1090
Accessibility Features YN
Yes
Year Built
1979
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
3
Direction Faces
North
Furnished
Negotiable

Property Features

Accessibility Features: Accessible Elevator Installed Application Information: 3-4 Weeks Approval; Association Approval Required Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Maintenance Grounds; Maintenance Structure; Pest Control; Recreation Facility; Reserve Funds; Roof Repairs; Trash; Water Dining Area: Breakfast Area; Dining/Living Room Flooring: Ceramic Tile; Wood; Other Parking Features: Guest; Open Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Oven; Refrigerator; Washer Construction Materials: Block; CBS Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Bedroom Layout - Split; Pantry Listing Terms: Cash; Conventional; VA Loan Pets Allowed YN: No Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Qualifying Requirements: Minimum Down Payment Required Restrictions: Parking - No RV Security Features: Fire Alarm Special Information: Sold As-Is Tax Information: Widow Exemption Unit Description: Exterior Catwalk; Garden Apartment Utilities: Cable Available View: Garden; Water Water Access: Lake Access; Other Water View: Lake Waterfront Features: Lake Front Window Features: Blinds Showing Requirements: Appointment Only; Call Listing Agent; Lockbox Outdoor Living Spaces: Balcony Balcony Details: Balcony - Screened

Contract Information

Comp Sale YN
No
Original List Price
222999
Occupant Type
Call Listing Agent

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
5729
Street Name
Coral Lake
Street Suffix
Drive
Unit Number
305
City Name
Margate
Municipal Code
48
State Or Province
FL
Postal Code
33063
Postal Code +4
5805
Postal Zip
33063
Subdivision Name
CORAL GATE II CONDO
Area
3631
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Liberty (Broward)
Middle Or Junior School
Margate
High School
Monarch
Parcel Number
484219AB0290
Flood Zone
X

Financial Information

Association YN
Yes
Association Fee
562
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
562
Membership Fee Required YN
No
Tax Annual Amount
940
Tax Year
2023
Tax Legal Description
CORAL GATE II CONDO UNIT 305 PER CDO BK/PG: 8418/1

Status Change Information

Major Change Timestamp
2024-11-20T20:17:11Z
Major Change Type
Status Change
Price Change Timestamp
2024-09-19T17:49:28Z
Status Change Date
2025-03-06
Under Contract Date
2024-10-13
Close Date
2024-11-20
Close Price
185000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
3

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Storm Protection

Accordian Shutters
Partial

Buyer Details

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

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
169.72

Section Details

Parcel Number MLX
0290

Originating Details

Originating System Key
394261771
Originating System ID
M00000151
IDX
Listing Office: Element Real Estate Group
Source MLS Verified
Last Updated: September - 07 - 2026
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