747 Banks Road, Margate, FL 33063

$307,500
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,234 Status: Closed
Current Price: $307,500 List Date: 6/27/2025 Last Modified: 8/12/2026

Overview

Description

Lakefront Living at Its Best - Water Views, Private Deck & Below Market Value! Wake up to breathtaking lake views every day in this beautifully maintained, pet-friendly home located in an all-ages community where boats are welcome! This lakefront gem offers serene waterfront living with your own private deck, perfect for morning coffee, or evening sunsets. Inside, the home features cathedral ceilings that enhance the open, airy feel. The updated kitchen is both stylish and functional, ideal for everyday living. Enjoy peace of mind with recent upgrades including a 2023 A/C, tankless water heater, and a modern electric panel. Whether you're downsizing, investing, or searching for your dream home, this property is a standout. With a low HOA, flexible community rules

Supplements: (all ages and pets welcome!), and a price below market value, this is a rare opportunity to own lakefront property without the premium price tag. Don't miss out on this perfect blend of lifestyle, location, and valueschedule your private showing today!

Listing Details MLS# R11103042

General Property Information

Number Of Units In Community
132
Property Sub Type
Townhouse
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1234
Building Area Source
Public Records
Living Area Main
1038
Year Built
1983
Gated Community YN
No
Lot Size Area
2291
Lot Size Acres
0.05
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
East
Pool Private YN
No
Furnished
Unfurnished

Property Features

Association Fee Includes: Common Areas; Maintenance Grounds Electric: Three Phase Exterior Features: Tennis Court(s) Flooring: Laminate Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central; Electric Interior Features: Bedroom Layout - Split; Cathedral Ceiling(s); Custom Mirrors; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Number Limit; Size Limit Possession: Negotiable Restrictions: Lease Restrictions Other Leasing Restrictions: Leasing Prohibited 1st Year Security Features: Security System Owned Structure Type: Villa Tax Information: Homestead Exemption Utilities: Cable Available Water View: Lake Waterfront Features: Lake Front Window Features: Blinds Showing Requirements: Call Listing Agent; Combination Lock Box; Text Listing Agent Outdoor Living Spaces: Deck; Patio Patio Details: Patio - Screened Contingencies: Inspection Concessions Detail: Other Room Types: Bedroom 2; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
315000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
747
Street Name
Banks
Street Suffix
Road
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Zip
33063
Subdivision Name
WOODLAKE ISLES
Development Name
WOODLAKE ISLES
Area
3523
Geographic Area
NE41 - North Broward Turnpike To 441 (3511-3524)
Special Assessment YN
No
Parcel Number
484231140273
Zoning
R-3
Directions
From Florida's Turnpike, Lyons Road or N State Rd 7 take Coconut Creek Pkwy then turn on to Banks Rd next turn right into Woodlake Isles go to 3rd street on right second set of homes on right #747

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
385.33
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
(954)363-1824
Association Website
Loyalty Management Group
Membership Fee Required YN
No
Tax Annual Amount
653.67
Tax Year
2024
Tax Legal Description
WOODLAKE ISLES 108-5 B PT TR A AS DESC OR 10989/101 AKA: UNIT 108 BLDG 547

Status Change Information

Major Change Timestamp
2025-08-11T19:41:00Z
Major Change Type
Status Change
Status Change Date
2025-08-11
Under Contract Date
2025-07-18
Close Date
2025-08-11
Close Price
307500
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Location
Entry Level Living Area Y

Parking Information

Open Parking Spaces
2

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Maximum Number Of Pets
2
Total Weight Limit (Pets)
30

Leasing Restrictions

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

Storm Protection

Accordian Shutters
Partial

Concessions

Seller Concessions
Yes
Seller Concessions Amount
500

Contributions

Buyer Contributions
No

Room Types

Bedroom 2 Level
First
Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First

Price Calculations

Current Price To SqFt
296.24
Original List Price To Close Price
1.02

Originating Details

Originating System Key
20250626222116389118000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level Remarks
Living Room 26.00 13.00 First Adjoins Dining room 12'6'W x 9'L
Kitchen 12.00 10.00 First
Master Bedroom 14.00 13.00 First
Bedroom 2 13.00 13.00 First
Laundry
IDX
Listing Office: Keyes Company
Source MLS Verified
Last Updated: August - 12 - 2026
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