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Investment Opportunity

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571 Banks Rd Margate FL 33063 MLS #A11721046

571 Banks Rd
Margate, FL, 33063
$350,000
2 Beds
2 Bathrooms
986 SqFt
0 Acres
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$350,000
571 Banks Rd
Margate, FL, 33063
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Project Description

Do not miss this amazing opportunity to purchase this well maintained ALL AGES 2 bedroom, 2 bath corner unit Villa in Woodlake Isles! This unit features a split floor plan, newer floors, updated guest bathroom, full sized washer and dryer, 2 parking spots and beautiful and serene views of the lake that you can enjoy from your primary bedroom and screened in patio. Community offers 2 swimming pools, clubhouse, sauna, tennis court, gazebo with public dock, maintenance fees cover roof repairs and insurance. Bring your furry friends as pets are allowed with some restrictions. This home has been very well maintained and is ready for a new owner to value and cherish it! Schedule your appointment today!
OK to lease after 1 year of ownership
HOA is $880 per quarter ($293 per month)

Property Details

Price:
$350,000
MLS #:
A11721046
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
WOODLAKE ISLES
Neighborhood:
woodlakeisles
Listed Date:
Sep 13, 2025
Finished Sq Ft:
986
Total Sq Ft:
1,106
Year Built:
1982
WaterfrontLakefrontPoolTennisCommunity Club HouseWoodlake IslesWoodlakeislesWoodlake IslesLibertyMargate MiddleMonarchAssoc Approval Required,no Corp Ownership Allowed,no Lease-1st Year Owned,ok To Lease With ResRestrictions Or Possible Restrictions

Schools

Elementary School:
Liberty
Middle School:
Margate Middle
High School:
Monarch

Interior

Appliances
Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Central

Exterior

Architectural Style
Attached, One Story
Community Features
Clubhouse, Pool, Tennis Court(s), Maintained Community, Shuffle Board, Spa/Hot Tub
Construction Materials
Concrete Block Construction
Exterior Features
Barbeque, Screened Balcony, Tennis Court(s)
Parking Features
Driveway, Guest, No Motorcycle, No Rv/Boats, No Trucks/Trailers
Roof
Shingle
Security Features
Fire Alarm, Smoke Detector

Financial

HOA Fee
$880
HOA Frequency
Quarterly
Tax Year
2024
Taxes
$5,180

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
571 Banks Rd
Margate, FL