When was property at 557 Banks Road built and last sold?

The property at 557 Banks Road was built in 1981 and last sold on Jun 23, 2023 for $299,500.

How much is this home worth?

The estimated value of the home located at 557 Banks Road is $305,604.

What are some comparable homes to 557 Banks Road?

There are currently no comparable homes to 557 Banks Road.

Margate

33063

Woodlake Isles

557 Banks Road

$299,500

● House - Off Market

557 Banks Road

Margate, FL 33063

2 Beds

2 Baths

1,156 Ft²

$300,002

RealtyHop Estimate

0.17%

Since Jul 1, 2023

National-US

Primary Model

About This Property

LAKE VIEW THRUOUT SPACIOUS VILLA. NEEDS TLC. ADD UPDATES & MAKE IT YOUR OWN. NEWER KITCHEN WITH WALL DOWN, SS APLIANCES & GRANITE COUNTERS. CATHEDRAL CEILING, FANS, PORCELAIN TILE FLOORS. ATTIC STORAGE, COMPLETE HURRICANE SHUTTERS. ENJOY FISHING, CANOEING, AND SCENIC SUNSETS. WELL MAINTAINED COMMUNITY HAS 2 POOLS,TENNIS COURT, CLUBHOUSE, SAUNA, POOLTABLE, DOCKS. LOW HOA INCLUDES BASIC CABLE, TRASH REMOVAL, BUILDING INSURANCE, EXTERIOR PAINT, ROOF REPAIRS & LAWN. GREAT LOCATION. EXCELLENT VALUE.

Unit Size

1,156 Ft²

Days on Market

43 days

Land Size

0.09 acres

Price per sqft

$259

Property Type

House

Property Taxes

$420

HOA Dues

$228

Year Built

1981

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (Beaches MLS #R10887875)

Price History

Date / Event	Date	Event
Jun 28, 2023	Sold	Premium
Sold
May 6, 2023	Listed by Real Estate Community Advisor LLC	$299,500
Listed by Real Estate Community Advisor LLC
May 28, 2002	Sold	Premium
Sold
Jul 28, 1998	Sold	Premium
Sold

Property Highlights

Air Conditioning

Parking Available

Building Info

Overview

General

Year Built: 1981

Effective Year Built: 1982
Building Count: 1
Bedroom Count: 2
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 35
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 2
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 19
Porch Type: 36
Pool Type: 0

Dimensions

Lot Size Square Feet: 3,927

Total Building Area: 1,172
Gross Building Area: 1,172
Building Area: 1,156
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 0
Heated Square Feet: 1,156
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: WOODLAKE ISLES 108-5 B
Land Acres: 0000000090
Standard Land Use Code: 1002
County Land Use Code: 01-04
State Land Use Code: 01
Legal Description 1: WOODLAKE ISLES 108-5 B POR TR A DESC AS COMM AT SE COR OF SAID TR,WLY 118.17 TO POB, NLY 52.19,WLY 74 M/L TO ELY SHORELINE OF LAKE,SLY 53.5 M/L ALG SAID SHORELINE TO S BNDRY OF TR A,ELY 77 M/L TO POB AKA UNIT 13 BLDG 524

Neighborhood

School District Name: Broward County School District

Census Tract: 020103

Zoning

Zoning: R-3

Geography

Assessors Map Reference: 79

District: 1212
Subdivision Tract Number: A
Parcel: 48-42-31-14-0040
Block: A
Lot: 1
Meridian: SEC 31 TWN 48S RNG 42E
Municipality: MARGATE
Latitude: 26.2398
Longitude: -80.195

Address

Full Address: 557 Banks Rd

Address - House Number: 557
Address - Street Name: Banks
Address - Suffix Type: Rd
State: FL
City Name: Margate
Carrier Code: C040
4-Digit Zip Code: 4602
Zip Code: 33063

Valuation

Tax

Total Area: 1,118

Tax Year: 2023
Tax Amount: $572,020
Tax Rate Code Area: 1212

Appraisal Valuation

Standard Deviation: 0.1985

Valuation Date: Feb 21, 2024
Confidence Score: 73
Final Value: 370,005
High Value: 443,460
Low Value: 296,549

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $284,830

Market Land Value: $31,420
Market Improvement Value: $253,410

Assessments Valuation

Assessed Year: 2024

Assessed Total Value: $284,830
Assessed Land Value: $31,420
Assessed Improvements Value: $253,410

Sales

Current Sale Contract Date: Jun 23, 2023

Current Sale Recording Date: Jun 28, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 118946529
Previous Sale Recording Date: May 28, 2002
Previous Sale Contract Date: Apr 19, 2002
Previous Sale Amount: $110,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Woodlake Isles

Stats & Trends

Median Asking:

$309,500

Sale Price/ft²

$287

Below Asking

0.05%

Average Days on Market

Average Home Size

1076 ft²

Average Home Age

43.5 years

Currently For Sale

12 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 2504 Antigua Terrace, Coconut Creek, FL, 33066

$3,500 /mo

2 Beds
2 Baths
1,291 ft²

2504 Antigua Terrace #O1, Coconut Creek, FL, 33066 Listing by Paige Cassella

Unit for rent at 741 Lyons Road, Coconut Creek, FL, 33063

$2,000 /mo

2 Beds
1 Bath
920 ft²

741 Lyons Road #17107, Coconut Creek, FL, 33063 Listing by Daniel M Sequeira

Unit for rent at 3050 N Palm Aire Drive, Pompano Beach, FL, 33069

$1,900 /mo

1 Bed
1 Bath
900 ft²

3050 N Palm Aire Drive #704, Pompano Beach, FL, 33069 Listing by Matthew Hornaday

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: David S Robertson
Real Estate Community Advisor LLC
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R10887875

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.

557 Banks Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Woodlake Isles

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions