7340 Lake Circle Drive 101, Margate, FL 33063

$215,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,110 Status: Closed
Current Price: $215,000 List Date: 4/25/2024 Last Modified: 8/03/2026

Overview

Description

Welcome to the first-floor corner unit at Palm Lakes Condominium in Margate! This spacious 2-bed, 2-bath condo of 1,100 sqft has been fully renovated with permitted updates with white cabinets kitchen, new appliances, and a washer/dryer. The unit has gray laminated wood floors throughout, freshly painted walls, and new light fixtures, The master bedroom offers a walk-in closet, with extra storage, front parking, and plenty of guest parking. Conveniently located near Publix, shopping centers, and highways, this property provides easy access to essential amenities within walking distance of the pool. Please note that at least one resident must be 55+ years old to live in this community. Additionally, the seller will cover all assessments at closing, and small pets are welcome.

Supplements: Amazing first-floor, corner unit at Palm Lakes Condominium in Margate! Updated kitchen, trendy floors, walk-in closet, private bathroom, large screened patio, extra storage, convenient parking, pets welcome, two heated pools, clubhouse, and tennis courts. Seller covers assessments at closing. Don't miss out!

Listing Details MLS# F10436027

General Property Information

Number Of Units In Community
448
Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area Main
1110
Year Built
1979
Parking Total
Yes
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Outdoor Living Spaces YN
Yes
Stories Total
4
Direction Faces
East
Furnished
Unfurnished

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Elevator; Insurance; Maintenance Grounds; Pool Service; Roof Repairs; Sewer; Trash; Water Dining Area: Dining/Living Room Exterior Features: Barbecue; Tennis Court(s) Flooring: Laminate Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Storage; Walk-In Closet(s) Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Negotiable Restrictions: Parking - No Motorcycle; Parking - No Trailer Security Features: Closed Circuit Camera(s); Fire Alarm; Security System; Smoke Detector(s) Special Information: Sold As-Is Storm Protection Details: Storm Shutters Tax Information: City/County Unit Description: Corner/End Unit Utilities: Cable Available View: Garden Water Access: None Showing Requirements: Call Listing Agent; Lockbox Outdoor Living Spaces: Porch Porch Details: Porch - Screened Contingencies: 3rd Party Approval

Contract Information

Comp Sale YN
No
Original List Price
248000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7340
Street Name
Lake Circle
Street Suffix
Drive
Unit Number
101
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4804
Postal Zip
33063
Subdivision Name
Palm Lakes Condominium
Area
3633
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
484135G30010
Directions
Atlantic Blvd Just west of Rock Island to Bldg 7340 Unit 101.

Financial Information

Association YN
Yes
Association Fee
678
Association Fee Frequency
Monthly
Application Required YN
Yes
Association Phone
(954) 969-1330
Association Website
www.exclusivepm.net
Membership Fee Required YN
No
Tax Annual Amount
3254
Tax Year
2023
Tax Legal Description
PALM LAKES CONDO UNIT 101 BLDG 2 AKA PHASE #1 PER CDO BK/PG: 8555/223

Status Change Information

Major Change Timestamp
2024-09-13T16:19:18Z
Major Change Type
Status Change
Price Change Timestamp
2024-06-26T16:26:21Z
Status Change Date
2024-09-17
Under Contract Date
2024-08-09
Close Date
2024-09-13
Close Price
215000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Auction Terms

Online
No
LP is the required deposit to bid on property
No
Pre-Auction
No

Entry Information

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

Parking Information

Parking Space Number
Yes

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Qualifying Requirements

Minimum Credit Score YN
Yes
Minimum Credit Score
650

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
193.69
Original List Price To Close Price
0.86

Section Details

Parcel Number MLX
0010

Originating Details

Originating System Key
581405686
Originating System ID
M00000170
IDX
Listing Office: Compass Florida, LLC
Source MLS Verified
Last Updated: August - 03 - 2026
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