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Margate 33063 Coral Bay
3137 S Cape Circle
$330,000
● House - Off Market

3137 S Cape Circle

Margate, FL 33063
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,344 Ft²
$458,725
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Best location in the entire community. Beautiful views of the lake and situated next to a park. This home was used as a vacation home for the past 10 years, No wear and tear, recently updated, AC less than 2 years old, water heater less than 1 year, new hurricane proof french doors in the kitchen and dining room. Granite counter tops, barely used appliances, one car garage, washer and dryer.  You can have coffee in the morning right outside your kitchen on a brand new deck overlooking the serene lake. Low HOA fees, gated community with several community pools, tennis courts, basketball and kids playground. Community located close to major retailers and dining, schools and a 7 minute drive to the major highway. This own't last long. NEW ROOF being put on. No SHOWINGS 4th of JULY weekend.
Unit Size
1,344 Ft²
Days on Market
85 days
Land Size
-
Price per sqft
$249
Property Type
House
Property Taxes
$623
HOA Dues
$12
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 23 days ago (Beaches MLS #F10232668)

Price History

Date / Event Date Event Price
Sep 2, 2020 Sold
Premium
Sold
Jun 4, 2020 Listed by LoKation $334,900
Listed by LoKation
Apr 16, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,012
  • Total Building Area: 1,624
  • Gross Building Area: 1,624
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL BAY PARCEL H 140-10 B
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 01-05
  • State Land Use Code: 01
  • Legal Description 1: CORAL BAY PARCEL H 140-10 B POR PAR H DESC AS COMM NW COR OF SAID PLAT,E 424.28,S 387.82 TO POB,E 30.04,SE 47.29,SE 7.98,SW 91.57,WLY AN ARC DIST 21.72,N 75.26 TO POB AKA: LOT 14 THE CAPE AT CORAL BAY

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 020205

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 30
  • District: 1212
  • Parcel: 48-41-24-18-0140
  • Lot: 14
  • Meridian: SEC 24 TWN 48S RNG 41E
  • Municipality: MARGATE
  • Latitude: 26.2671
  • Longitude: -80.213

    Address

  • Full Address: 3137 Cape Cir
  • Address - House Number: 3137
  • Address - Street Name: Cape
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Margate
  • Carrier Code: C038
  • 4-Digit Zip Code: 7027
  • Zip Code: 33063

Valuation

    Tax

  • Total Area: 1,405
  • Tax Year: 2023
  • Tax Amount: $698,221
  • Tax Rate Code Area: 1212

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 507,902
  • High Value: 606,004
  • Low Value: 409,800

    Market Valuation

  • Market Total Value: $396,180
  • Market Land Value: $22,070
  • Market Improvement Value: $374,110

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $283,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 23, 2020
  • Current Sale Recording Date: Sep 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 116708358
  • Previous Sale Recording Date: Apr 16, 2009
  • Previous Sale Contract Date: Mar 17, 2009
  • Previous Sale Amount: $144,500
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Coral Bay

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1573 ft²

Average Home Age

32.7 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5880 W Sample Road, Coral Springs, FL, 33067

$2,450 /mo

  • 2 Beds
  • 2 Baths
  • 1,064 ft²
5880 W Sample Road #105, Coral Springs, FL, 33067 Listing by Elizabeth Londono

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Traian Pircalabu
LoKation
Last Updated: 23 days ago
Data Source: Beaches MLS, MLS# F10232668
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 3137 Cape Circle built and last sold?
The property at 3137 Cape Circle was built in 1990 and last sold on Aug 23, 2020 for $330,000.
How much is this home worth?
The estimated value of the home located at 3137 Cape Circle is $0.
What are some comparable homes to 3137 Cape Circle?
There are currently no comparable homes to 3137 Cape Circle.
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