723 Banks Road, Margate, FL 33063

$300,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,234 Status: Closed
Current Price: $300,000 List Date: 3/30/2026 Last Modified: 8/24/2026

Overview

Description

2BR/2BA corner unit with peaceful lake view. This light-filled home offers a desirable split-bedroom layout, private entry, and a screened patio overlooking the water. Perfect for relaxing or entertaining. Corner location provides added privacy and extra green space. Great opportunity for investors or buyers looking to customize and add value. Has NEW ROOF! Conveniently located near shopping, dining, and major roadways.

Listing Details MLS# A11992007

General Property Information

Unit Floor #
Yes
Property Sub Type
Villa
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1234
Living Area Main
1038
Adjusted Area Main
1109
Year Built
1983
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Insurance; Legal/Accounting; Maintenance Grounds; Pool Service; Roof Repairs; Trash Exterior Features: Courtyard Flooring: Other Leasing Permitted Details: Okay To Lease Parking Features: Guest Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Association Type: Homeowner Association Heating: Central Interior Features: Walk-In Closet(s) Listing Terms: Cash; Conventional; FHA Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Security Features: Other Structure Type: Villa Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit View: Garden Water Access: Lake Access Water View: Lake Waterfront Features: Lake Front Showing Requirements: Lockbox; No Appointment; Showing Service Outdoor Living Spaces: Courtyard; Patio; Porch Porch Details: Porch - Screened

Contract Information

Comp Sale YN
No
Original List Price
325000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
723
Street Name
Banks
Street Suffix
Road
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4653
Postal Zip
33063
Subdivision Name
WOODLAKE ISLES
Area
3632
Geographic Area
NE41 - North Broward Turnpike To 441 (3511-3524)
Elementary School
Liberty (Broward)
Middle Or Junior School
Margate
High School
Coconut Creek
Parcel Number
484231140250
Subdivision Number
14
Flood Zone
AE,X

Financial Information

Association YN
Yes
Association Fee
1057
Association Fee Frequency
Quarterly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
353
Membership Fee Required YN
No
Tax Annual Amount
1618
Tax Year
2025
Tax Legal Description
WOODLAKE ISLES 108-5 B PT OF TR A DESC IN OR 10688/656 AKA: UNIT 96 OF BLDG 545

Status Change Information

Major Change Timestamp
2026-06-11T04:00:00Z
Major Change Type
Status Change
Price Change Timestamp
2026-04-15T14:49:24Z
Status Change Date
2026-06-11
Under Contract Date
2026-04-30
Close Date
2026-06-11
Close Price
300000
Buyer Financing
FHA

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2

Boat and Dock Information

Dock
Available

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
33063

Concessions

Seller Concessions
Yes
Seller Concessions Amount
3500

Price Calculations

Current Price To SqFt
289.01

Section Details

Parcel Number MLX
0250

Originating Details

Originating System Key
447942097
Originating System ID
M00000151
IDX
Listing Office: Majestic Realty, LLC
Source MLS Verified
Last Updated: August - 24 - 2026
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