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Margate 33063 Coral Bay
6507 Ocean Drive
Photo of 6507 Ocean Drive
Sold on Feb 11, 2021

40

Map

Photo of 6507 Ocean Drive
Photo of 6507 Ocean Drive
$340,000
● House - Off Market

6507 Ocean Drive

Margate, FL 33063
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,405 Ft²
$455,389
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Welcome to paradise! Enjoy the serenity that it's location & privacy affords! New owners will fall in love with this large 3 bedrooms 2.5 bathroom single-family home in the resort-style community of The Cape at Coral Bay! Hurricane-protected with accordion shutters. This home offers a spacious open floor plan with a modern style. Hight vault ceilings and the most beautiful view to the lake and the lighthouse from almost every room. This home is situated on one of the largest lakes (70+ ac) in Broward County. The Coral Bay community offers an abundant amount of amenities including its playgrounds, tennis courts, basketball court, clubhouse, and 3 pools for your enjoyment! Lets call this house your home that is truly in move- in condition! Don't miss seeing this special home!
Unit Size
1,405 Ft²
Days on Market
101 days
Land Size
0.11 acres
Price per sqft
$255
Property Type
House
Property Taxes
$723
HOA Dues
$13
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 months ago (Beaches MLS #F10256660)

Price History

Date / Event Date Event Price
Feb 11, 2021 Sold
Premium
Sold
Nov 1, 2020 Listed by La Rosa Realty LLC $357,999
Listed by La Rosa Realty LLC
Jun 24, 2016 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 12
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,829
  • 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: 0000000111
  • 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 A PORTION PARCEL H DESC AS COMM AT NE COR PARCEL L-1 OF SAID PLAT,W 280.45,S 410.80 TO POB, SELY 90.27,SWLY 5.70,SWLY 21.85, NWLY 84.05,N 28.63,E 43.71, NELY 13.71 TO POB AKA: LOT 8 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: 48-41-24-18-0080
  • Lot: 1
  • Meridian: SEC 24 TWN 48S RNG 41E
  • Municipality: MARGATE
  • Latitude: 26.267
  • Longitude: -80.2123

    Address

  • Full Address: 6507 Ocean Dr
  • Address - House Number: 6507
  • Address - Street Name: Ocean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Margate
  • Carrier Code: C038
  • 4-Digit Zip Code: 7088
  • Zip Code: 33063

Valuation

    Tax

  • Total Area: 1,405
  • Tax Year: 2023
  • Tax Amount: $1,114,421
  • Tax Rate Code Area: 1212

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 505,128
  • High Value: 602,693
  • Low Value: 407,562

    Market Valuation

  • Market Total Value: $401,130
  • Market Land Value: $26,560
  • Market Improvement Value: $374,570

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $365,330

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 11, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 117052564
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Contract Date: Jun 24, 2016
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 71
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:

$524,950

Sale Price/ft²

$319

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1568 ft²

Average Home Age

32.8 years

Currently For Sale

16 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
Unit for rent at 7807 Golf Circle Dr, Margate, FL, 33063

$1,300 /mo

  • 1 Bed
  • 1 Bath
  • 760 ft²
7807 Golf Circle Dr #205, Margate, FL, 33063 Listing by Marie J Kennedy

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Gina P Carranza
La Rosa Realty LLC
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# F10256660
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 6507 Ocean Drive built and last sold?
The property at 6507 Ocean Drive was built in 1990 and last sold on Feb 11, 2021 for $340,000.
How much is this home worth?
The estimated value of the home located at 6507 Ocean Drive is $0.
What are some comparable homes to 6507 Ocean Drive?
There are currently no comparable homes to 6507 Ocean Drive.
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