7220 Lake Cir Drive 106, Margate, FL 33063

$148,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $148,000 List Date: 8/21/2025 Last Modified: 8/24/2026

Overview

Description

Welcome to Palm Lakes, a premier 55+ community! This beautifully maintained 2 bed, 2 bath first-floor condo offers a spacious layout with a large front garden, a screened balcony with summer kitchen and BBQ area, and serene lake views. Inside, you’ll find a fully renovated kitchen with granite countertops and a filtered water system, full-size washer and dryer, and an ample walk-in closet. The community provides plenty of guest parking along with one assigned space. Pets are welcome (up to 2), and the HOA—with reserves—allows conventional financing with as little as 5% down. HOA requirements include a 650+ credit score and $40,000+ annual income. Ideally located just 2 minutes from Publix, this home combines comfort, convenience, and resort-style living.

Listing Details MLS# A11862848

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1100
Living Area Main
1100
Adjusted Area Main
1100
Year Built
1980
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Cable TV; Elevator; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Roof Repairs; Sewer; Trash; Water Exterior Features: Lighting Flooring: Tile; Vinyl; Wood Parking Features: Guest Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air; Electric Association Type: Condominium Heating: Central; Electric Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Security Features: Other Special Information: Sold As-Is View: Garden; Water Water Access: Other Waterfront Features: Other Showing Requirements: Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Screened Contingencies: 3rd Party Approval

Contract Information

Comp Sale YN
No
Original List Price
150000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7220
Street Name
Lake Cir
Street Suffix
Drive
Unit Number
106
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4852
Postal Zip
33063
Subdivision Name
PALM LAKES CONDO
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Morrow
Middle Or Junior School
Silver Lakes
High School
Coconut Creek
Parcel Number
484135G31020
Flood Zone
X

Financial Information

Association YN
Yes
Association Fee
2293
Association Fee Frequency
Quarterly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
765
Membership Fee Required YN
No
Tax Annual Amount
1533
Tax Year
2024
Tax Legal Description
PALM LAKES CONDO UNIT 106 BLDG 5 AKA PHASE #4 PER CDO BK/PG: 8555/223

Status Change Information

Major Change Timestamp
2025-12-01T22:27:27Z
Major Change Type
Status Change
Status Change Date
2025-12-03
Under Contract Date
2025-10-09
Close Date
2025-12-01
Close Price
148000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

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

Buyer Details

Country of Origin
United States
Intended Use
Primary Residence
Buyer State
Florida
Zip Code
33076

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
1020

Originating Details

Originating System Key
419548467
Originating System ID
M00000151
IDX
Listing Office: Double Pines Realty, LLC
Source MLS Verified
Last Updated: August - 24 - 2026
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