7340 Lake Circle Drive 205, Margate, FL 33063

$105,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $105,000 List Date: 4/08/2025 Last Modified: 8/12/2026

Overview

Description

RELAX AND ENJOY THE SUNSETS ON YOUR OVER SIZED ENCLOSED PATIO WITH HURRICANE IMPACT FLOOR TO CEILING WINDOWS. SPACIOUS LIVING ROOM. TILE AND LAMINATE FLOORING. EAT IN KITCHEN, NEWER A/C, WASHER AND DRYER IN UNIT. WALK IN CLOSET IN MASTER BEDROOM. EXTRA STORAGE. PET FRIENDLY COMMUNITY ALLOWS 2 PETS 20 LBS EACH. RENTALS ALLOWED AFTER 1 YEAR OWNERSHIP. ASSOCIATION STATES 55+ COMMUNITY, 650+ CREDIT SCORE AND $40,000 COMBINED INCOME. CLUBHOUSE FEATURES 2 POOLS, EXERCISE ROOM, BILLIARDS, SAUNA, BBQ AREA. WALKING DISTANCE TO NEW PUBLIX (EXPECTED TO OPEN APRIL 17), TRANSPORTATION, RESTAURANTS, WALGREENS AND BANK.

Listing Details MLS# F10497158

General Property Information

Unit Floor #
2
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area Main
1100
Year Built
1979
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Outdoor Living Spaces YN
Yes
Stories Total
4
Furnished
Negotiable
LP/Assessed Value
0.71

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Elevator; Maintenance Structure; Pest Control; Pool Service; Recreation Facility; Roof Repairs; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen Exterior Features: Other Flooring: Laminate; Tile Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Negotiable Restrictions: Other Restrictions Security Features: None Special Information: Sold As-Is Tax Information: Homestead Exemption Utilities: Cable Available View: Garden Showing Requirements: Call Listing Agent Contingencies: Other

Contract Information

Comp Sale YN
No
Original List Price
120000

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
205
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4853
Postal Zip
33063
Subdivision Name
PALM LAKES
Area
3633
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number
484135G30130
Directions
GPS

Financial Information

Association YN
Yes
Association Fee
2293
Association Fee Frequency
Quarterly
Application Required YN
Yes
Association Phone
954-971-1719
Membership Fee Required YN
No
Tax Annual Amount
1582
Tax Year
2024
Tax Assessed/SOH Value
167960
Tax Legal Description
PALM LAKES CONDO UNIT 205 BLDG 2 AKA PHASE #1 PER CDO BK/PG: 8555/223
Assessor Market Value
167960

Status Change Information

Major Change Timestamp
2025-05-22T13:34:44Z
Major Change Type
Status Change
Status Change Date
2025-05-23
Under Contract Date
2025-04-23
Close Date
2025-05-22
Close Price
105000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
2
Entry Location
Second Floor Entry

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

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
95.45
Original List Price To Close Price
0.87

Section Details

Parcel Number MLX
0130

Originating Details

Originating System Key
596728287
Originating System ID
M00000170
IDX
Listing Office: Real Estate II Inc
Source MLS Verified
Last Updated: August - 12 - 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.