305-609-4190
611 Banks Road, Margate FL 33063
Active Waterfront

611 Banks Road, Margate FL 33063

Margate, FL, 33063

$349,999

Est. $1,770/mo (20% down)

2
Beds
2
Baths
1,064
Sq Ft
1981
Year Built
Lot Sq Ft
Garage

Photo Gallery (22 photos)

About This Property

Beautifully updated lakefront villa in the heart of Margate, Florida! This move-in-ready home features a new roof (2026), new A/C system,NEW Dryer & Washer, accordion hurricane shutters, and tile flooring throughout—no carpet. The bright, open floor plan flows to a private patio overlooking a peaceful lake, creating the perfect space to relax or entertain. Conveniently located near shopping, dining, parks, golf courses, medical facilities, and major highways, this home offers easy access throughout Broward County. A wonderful opportunity for anyone seeking a low-maintenance, waterfront home in South Florida with modern updates and an unbeatable location. Schedule your private showing today! PLEASE USE SHOWING TIME FOR APPOINTMENT

Property Details

MLS #

B26069409

Status

Active

Property Type

Residential

Year Built

1981

Stories

1

Pool

Yes

Waterfront

Yes

Price / Sq Ft

$329

HOA Fee

$353/mo

Est. Insurance

$117/mo

Tax Year

2025

Tax Amount

$813

Garage

Lot Size

MLS Area

Woodlake Isles

Subdivision

WOODLAKE ISLES

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$2,450
Est. Monthly Rent
-1.0%
Cap Rate
-4.8%
Cash-on-Cash
$-3,336
Net Operating Income

ROI Projections (4% Annual Appreciation)

85%
5-Year ROI
Value: $425,827
192%
10-Year ROI
Value: $518,084
329%
15-Year ROI
Value: $630,328

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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