705 BANKS Road, Margate, FL 33063

$359,900
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,242 Status: Active Under Contract
Current Price: $359,900 List Date: 10/12/2026 Last Modified: 10/13/2026

Overview

Description

Completely redone lakefront villa in Woodlake Isles, with upgrades you won't find in the other units. The kitchen was expanded and rebuilt around 42" wall cabinets (taller than the standard 30" and 36"), with all-new cabinetry, high-quality quartz countertops, and stainless-steel appliances. It opens to a bright living and dining area with vaulted ceilings and lake views from the main living areas. Both bathrooms and the showers feature higher-end finishes. New flooring throughout, new interior doors, and new switches and outlets throughout make this one move-in ready. It includes walk-in closets, an in-unit laundry closet, and two assigned parking spaces. The HOA just completed new roofs and repaved the parking lot in Q1 2026, so the big-ticket items are done. FHA-approved.

Supplements: Covered patio with peaceful water views. Close to parks, shops, and top-rated schools. The HOA covers exterior maintenance, the roof, insurance, the pool, and more.

Listing Details MLS# B26079936

General Property Information

Number Of Units In Community
140
Total Units In Building
4
Unit Floor #
Yes
Property Sub Type
Villa
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1242
Building Area Source
Public Records
Living Area Main
1092
Living Area Source
Public Records
Adjusted Area Main
1149
Accessibility Features YN
No
Year Built
1982
Parking Total
2
Gated Community YN
No
Lot Size Area
3048
Lot Size Acres
0.07
Lot Size Dimensions
37.34' X 82.00'
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Guest House YN
No
Waterfront YN
Yes
Water Frontage Feet
37.34
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
South
Fireplace YN
No
Pool Private YN
No
Spa YN
No
Equestrian Features YN
No
Furnished
Unfurnished
Year Roof Installed
2026
LP/Assessed Value
1.66

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Common Areas; Legal/Accounting; Maintenance Grounds; Pest Control; Pool Service; Recreation Facility; Reserve Funds; Roof Repairs; Trash Electric: 150 Amp Service Exterior Features: None Flooring: Tile; Vinyl; Wood Foundation Details: Slab Leasing Permitted Details: Okay To Lease With Restrictions Parking Features: Asphalt; Assigned; Open Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Appliances: Dishwasher; Electric Range; ENERGY STAR Qualified Dishwasher; ENERGY STAR Qualified Refrigerator; Ice Maker; Microwave; Oven; Refrigerator; Vented Exhaust Fan; Water Heater; Range Water Heater Details: Electric Water Heater Architectural Style: Ranch Boat and Dock Features: Ramp Construction Materials: CBS; Stucco Cooling: Central Air Association Type: Homeowner Association Fencing: Vinyl Heating: Central Interior Features: High Ceilings; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; In Unit; Inside; Laundry Closet; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow; Negotiable Restrictions: Buyer Approval Required; Other Restrictions; Parking - No Trailer Other Leasing Restrictions: Short Term Rentals Prohibited Road Surface Type: Asphalt Roof: Composition; Shingle Sewer: Public Sewer Storm Protection Details: Storm Shutters Structure Type: Villa Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected View: Water Water Source: Public Water View: Lake Waterfront Features: Lake Front Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Covered Porch Details: Porch - Screened Contingencies: Financing Room Types: Laundry Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
359900
Negotiable Seller Concessions YN
No
Occupant Type
Owner
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
705
Street Name
BANKS
Street Suffix
Road
City Name
Margate
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33063
Postal Code +4
4653
Postal Zip
33063
Subdivision Name
WOODLAKE ISLES
Development Name
Woodlake Isles
Area
3632
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Liberty (Broward)
Middle Or Junior School
Margate
High School
Coconut Creek
Special Assessment YN
Yes
Parcel Number
484231140223
Subdivision Number
14
Zoning
R-3
Flood Zone
AE,X
Multiple Offers Accepted
No

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
1057
Association Fee Frequency
Quarterly
Association Membership
Mandatory
Association Reserves YN
Yes
Application Required YN
Yes
Association Name
Woodlake Isles Inc.
Association Phone
954-363-1824
Association Email
Info@loyaltymgmtgroup.com
Association Website
https://woodlakeisles.mycommunitysite.co
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
353
Membership Fee Required YN
No
Tax Annual Amount
3931.49
Tax Year
2025
Tax Assessed/SOH Value
216560
Tax Legal Description
WOODLAKE ISLES 108-5 B PT TR A DESC AS COMM SE COR TR A W 118.17,N 111.52,W 51.95,N 38, NE 52,NW 119.50,NE 5.14,NWLY FOR 101.67,SW 83.28,NW
Assessor Market Value
291530

Status Change Information

Major Change Timestamp
2026-10-13T20:05:10Z
Major Change Type
Status Change
Status Change Date
2026-10-13
Under Contract Type
Active Under Contract
Under Contract Date
2026-10-13

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes
Entry Location
First Floor Entry,Vaulted Ceilings,Walk-In Closets

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2
Parking Space Number
705

Boat and Dock Information

Dock
No

Co-Ownership

Property Management YN
Yes
Property Management Name
Loyalty Management Group
Property Management Phone
954-363-1824
Property Management Email
Info@loyaltymgmtgroup.com

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Pet Fee YN
No

Leasing Restrictions

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

Storm Protection

Accordian Shutters
Complete

Price Calculations

Current Price To SqFt
329.57

Originating Details

Originating System Key
20260924133251805110000000
Originating System ID
M00000170

Room Information

Room Name
Laundry
IDX
Listing Office: Merit Realty, Inc.
Source MLS Verified
Last Updated: October - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.