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$62,000
● Condo - Off Market

#111

Margate, FL
bedrooms
2 Beds
bathrooms
2 Baths
$160,691
RealtyHop Estimate
114.26%
Since Jan 1, 2010
National-US
Primary Model

About This Property

SPECTACULAR VIEW FROM THE PATIO. BEAUTIFUL FURNISHED 2/2. LARGE EAT IN KITCHEN WITH PLENTY OF CABINETS, SPLIT BR FLOOR PLAN AND WASHER/ DRYER IN UNIT. THIS IS A BEAUTIFULLY MAINTAINED COMMUNITY IN THE HEART OF MARGATE. ASSOC. REQUIRES 20% DOWN AND ONE PER SON NEEDS TO BE 55+. NEW A/C, NEW STOVE. THIS FURNISHED CONDO IS A WINNER. CAN BE FURNISHED OR UNFURNISHED.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$196
HOA Dues
-
Year Built
-

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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: 3 years ago (Beaches MLS #F1009606)

Price History

Date / Event Date Event Price
Dec 11, 2009 Sold
Premium
Sold
Jun 5, 2009 Listed by Century 21 Tenace Realty Inc $75,000
Listed by Century 21 Tenace Realty Inc

Property Highlights

Parking Details
Parking Features: 1 Space, Guest Parking
Interior Details
Full Bathrooms: 2
Interior Features: First Floor Entry
Appliances: Other Equipment/Appliances
Flooring Type: Other Floors
Exterior Details
Listing Terms: Conventional
Construction Type: Cbs Construction
Exterior Features: Open Balcony
Financial Details
Total Taxes: $2,352
Tax Year: 2008
Possession Information: Funding
Utilities Details
Heating Type: Central Heat
Cooling Type: Central Cooling
Location Details
Location: COPANS TO BANKS RD TURN NORTH, COMPLEX IS ON THE LEFT SIDE, FOLLOW TO 5811 CORAL LAKES DRIVE UNIT #111.
Subdivision Complex Building: CORAL GATE

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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BEACHES

Listed by: Sharon Levine
Century 21 Tenace Realty Inc
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1009606
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.
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