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Margate 33063 Woodlake Isles
783 Banks Road
$305,750
● House - Off Market

783 Banks Road

Margate, FL 33063
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,038 Ft²
$302,466
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This is your chance to own a piece of paradise! This villa is located in the desirable Woodlake Isles community in Margate, Florida. With two beds and two baths, this home is perfect for anyone looking for a serene community. The corner location offers plenty of natural light and views of the lakefront. You'll also enjoy access to the private dock, perfect for fishing or simply taking in the tranquility of the water. The patio is screened in and perfect for enjoying the Florida weather, and there's even an extra storage room. You'll love the community amenities too: Two pools, a clubhouse with billiards and tennis courts, gazebo...plus TWO common docks on the lake. Lowest HOA fees in Broward County make this an incredible deal that won't last long!
Unit Size
1,038 Ft²
Days on Market
36 days
Land Size
0.11 acres
Price per sqft
$288
Property Type
House
Property Taxes
$68
HOA Dues
$194
Year Built
1983

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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: 7 months ago (Beaches MLS #R10799498)

Price History

Date / Event Date Event Price
Jun 22, 2022 Sold
Premium
Sold
May 12, 2022 Listed by One Sotheby's International Realty $299,000
Listed by One Sotheby's International Realty
Jul 1, 2016 Sold
Premium
Sold
Jun 1, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1984
  • 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: 0
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,998
  • Total Building Area: 1,188
  • Gross Building Area: 1,188
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,038
  • 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: 0000000115
  • Standard Land Use Code: 1002
  • County Land Use Code: 01-04
  • State Land Use Code: 01
  • Legal Description 1: WOODLAKE ISLES 108-5 B PORTION OF TR A DESC AS COMM AT SE COR OF TR A,NLY 437.23,SWLY 224.66,NELY 316.74,ELY 17.51,NLY 17.48 TO POB,CONT NLY 59.52,WLY 88,SWLY 50,SELY 96 TO POB AKA: UNIT 126,BLDG 551

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: 48-42-31-14-0314
  • Block: A
  • Lot: 12
  • Meridian: SEC 31 TWN 48S RNG 42E
  • Municipality: MARGATE
  • Latitude: 26.2419
  • Longitude: -80.1952

    Address

  • Full Address: 783 Banks Rd
  • Address - House Number: 783
  • Address - Street Name: Banks
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Margate
  • Carrier Code: C040
  • 4-Digit Zip Code: 4645
  • Zip Code: 33063

Valuation

    Tax

  • Total Area: 1,095
  • Tax Year: 2023
  • Tax Amount: $571,275
  • Tax Rate Code Area: 1212

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 383,021
  • High Value: 459,060
  • Low Value: 306,981

    Market Valuation

  • Market Total Value: $288,250
  • Market Land Value: $39,980
  • Market Improvement Value: $248,270

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $288,250
  • Assessed Land Value: $39,980
  • Assessed Improvements Value: $248,270

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 118227824
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
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 Woodlake Isles

Stats & Trends

Median Asking:

$319,000

Sale Price/ft²

$300

Below Asking

0.04%

Average Days on Market

146

Average Home Size

1095 ft²

Average Home Age

43.4 years

Currently For Sale

8 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 4200 Oaks Terrace, Pompano Beach, FL, 33069

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,112 ft²
4200 Oaks Terrace #104, Pompano Beach, FL, 33069 Listing by Natalia Hunter PA
Unit for rent at 4240 Oaks Terrace, Pompano Beach, FL, 33069

$3,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,620 ft²
4240 Oaks Terrace #103, Pompano Beach, FL, 33069 Listing by Mahriah Leela Tucker
Unit for rent at 800 Cypress Boulevard, Pompano Beach, FL, 33069

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
800 Cypress Boulevard #204A, Pompano Beach, FL, 33069 Listing by Adam Simha

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Alain Brodeur Jr
One Sotheby's International Realty
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10799498
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 783 Banks Road built and last sold?
The property at 783 Banks Road was built in 1983 and last sold on Jun 14, 2022 for $305,800.
How much is this home worth?
The estimated value of the home located at 783 Banks Road is $303,441.
What are some comparable homes to 783 Banks Road?
There are currently no comparable homes to 783 Banks Road.
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