643 Banks Road, Margate, FL 33063

$285,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,092 Status: Closed
Current Price: $285,000 List Date: 5/02/2025 Last Modified: 8/11/2026

Overview

Description

Charming 2 bed, 2 bath villa in the heart of Margate with serene lake views. Enjoy spacious bedrooms and bathrooms, offering plenty of room to relax and unwind. With a little creativity and vision, this home has endless potential to become your dream retreat. Conveniently located near shopping, dining, and major roads - don’t miss this great opportunity!

Listing Details MLS# F10500355

General Property Information

Unit Floor #
Yes
Property Sub Type
Villa
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area Main
1092
Year Built
1982
Gated Community YN
No
Senior Community YN
No
Land Lease YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
LP/Assessed Value
1.03

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Maintenance Grounds; Maintenance Structure; Roof Repairs Flooring: Carpet; Laminate Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central Listing Terms: Cash; Conventional; FHA-VA Approved Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Security Features: None Structure Type: Villa Tax Information: Homestead Exemption Water View: Lake Showing Requirements: 24 Hour Notice; Call Listing Agent Outdoor Living Spaces: Porch Porch Details: Porch - Screened Contingencies: Other

Contract Information

Comp Sale YN
No
Original List Price
300000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
643
Street Name
Banks
Street Suffix
Road
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4652
Postal Zip
33063
Subdivision Name
Woodlake Isles
Area
3523
Geographic Area
NE41 - North Broward Turnpike To 441 (3511-3524)
Parcel Number
484231140142

Financial Information

Association YN
Yes
Association Fee
1156
Association Fee Frequency
Quarterly
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
1384
Tax Year
2024
Tax Assessed/SOH Value
292160
Tax Legal Description
WOODLAKE ISLES 108-5 B PT TR A DESC AS COMM AT SE COR TR A,W 118.17,N 111.52,WLY 51.95 N 38,NE 52,NW 119.5,NE 5.14,NWLY 101.67,SW 52,SW 31.2
Assessor Market Value
292160

Status Change Information

Major Change Timestamp
2025-07-03T13:32:58Z
Major Change Type
Status Change
Status Change Date
2025-07-08
Under Contract Date
2025-05-14
Close Date
2025-07-03
Close Price
285000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
200

Entry Information

Entry Level
Yes
Entry Location
First Floor Entry

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Concessions

Seller Concessions
Yes
Seller Concessions Amount
10500

Price Calculations

Current Price To SqFt
260.99
Original List Price To Close Price
0.95

Section Details

Parcel Number MLX
0142

Originating Details

Originating System Key
597605664
Originating System ID
M00000170
IDX
Listing Office: Douglas Elliman
Source MLS Verified
Last Updated: August - 11 - 2026
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