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747 Banks Road, Margate, FL 33063 (MLS# R11103042)

747 Banks Road, Margate, FL 33063

$307,500

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https://www.propertypanorama.com/747-Banks-Road-Margate-FL-33063/unbranded

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,234 Status: Closed

Current Price: $307,500 List Date: 6/27/2025 Last Modified: 5/13/2026

Overview

Description

Lakefront Living at Its Best - Water Views, Private Deck & Below Market Value! Wake up to breathtaking lake views every day in this beautifully maintained, pet-friendly home located in an all-ages community where boats are welcome! This lakefront gem offers serene waterfront living with your own private deck, perfect for morning coffee, or evening sunsets. Inside, the home features cathedral ceilings that enhance the open, airy feel. The updated kitchen is both stylish and functional, ideal for everyday living. Enjoy peace of mind with recent upgrades including a 2023 A/C, tankless water heater, and a modern electric panel. Whether you're downsizing, investing, or searching for your dream home, this property is a standout. With a low HOA, flexible community rules

Supplements: (all ages and pets welcome!), and a price below market value, this is a rare opportunity to own lakefront property without the premium price tag. Don't miss out on this perfect blend of lifestyle, location, and valueschedule your private showing today!

Listing Details MLS# R11103042

General Property Information

Number Of Units In Community: 132
Property Sub Type: Townhouse
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 1234
Building Area Source: Public Records
Living Area Main: 1038
Year Built: 1983
Gated Community YN: No
Lot Size Area: 2291
Lot Size Acres: 0.05
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: East
Pool Private YN: No
Furnished: Unfurnished

Property Features

Association Fee Includes: Common Areas; Maintenance Grounds Electric: Three Phase Exterior Features: Tennis Court(s) Flooring: Laminate Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central; Electric Interior Features: Bedroom Layout - Split; Cathedral Ceiling(s); Custom Mirrors; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Number Limit; Size Limit Possession: Negotiable Restrictions: Lease Restrictions Other Leasing Restrictions: Leasing Prohibited 1st Year Security Features: Security System Owned Structure Type: Villa Tax Information: Homestead Exemption Utilities: Cable Available Water View: Lake Waterfront Features: Lake Front Window Features: Blinds Showing Requirements: Call Listing Agent; Combination Lock Box; Text Listing Agent; Vacant Outdoor Living Spaces: Deck; Patio Patio Details: Patio - Screened Contingencies: Inspection Concessions Detail: Other Room Types: Bedroom 2; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 315000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 747
Street Name: Banks
Street Suffix: Road
City Name: Margate
State Or Province: FL
Postal Code: 33063
Postal Zip: 33063
Subdivision Name: WOODLAKE ISLES
Development Name: WOODLAKE ISLES
Area: 3523
Geographic Area: NE41 - North Broward Turnpike To 441 (3511-3524)
Special Assessment YN: No
Parcel Number: 484231140273
Zoning: R-3
Directions: From Florida's Turnpike, Lyons Road or N State Rd 7 take Coconut Creek Pkwy then turn on to Banks Rd next turn right into Woodlake Isles go to 3rd street on right second set of homes on right #747

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 385.33
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Association Phone: (954)363-1824
Association Website: Loyalty Management Group
Membership Fee Required YN: No
Tax Annual Amount: 653.67
Tax Year: 2024
Tax Legal Description: WOODLAKE ISLES 108-5 B PT TR A AS DESC OR 10989/101 AKA: UNIT 108 BLDG 547

Status Change Information

Major Change Timestamp: 2025-08-11T19:41:00Z
Major Change Type: Status Change
Status Change Date: 2025-08-11
Under Contract Date: 2025-07-18
Close Date: 2025-08-11
Close Price: 307500
Buyer Financing: Cash

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Location: Entry Level Living Area Y

Parking Information

Open Parking Spaces: 2

Short Sale Details

Short Sale Addendum: No

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 2

Pet Details

Maximum Number Of Pets: 2
Total Weight Limit (Pets): 30

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Storm Protection

Accordian Shutters: Partial

Showing Details

Pet(s) on Premises: No

Concessions

Seller Concessions: Yes
Seller Concessions Amount: 500

Contributions

Buyer Contributions: No

Room Types

Bedroom 2 Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Bedroom 2: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 296.24
Original List Price To Close Price: 1.02

Originating Details

Originating System Key: 20250626222116389118000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

Boating: Yes
Clubhouse: Yes
Parking: Yes
Pool: Yes
Tennis Court(s): Yes

Association Fee Includes

Common Areas: Yes
Maintenance Grounds: Yes

Electric

Three Phase: Yes

Exterior Features

Tennis Court(s): Yes

Flooring

Laminate: Yes

Parking Features

Assigned: Yes
Guest: Yes

Property Condition

Resale: Yes

Structure Type

Villa: Yes

Possession

Negotiable: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Electric: Yes

Water View

Lake: Yes

Window Features

Blinds: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Construction Materials

CBS: Yes

Interior Features

Bedroom Layout - Split: Yes
Cathedral Ceiling(s): Yes
Custom Mirrors: Yes
Storage: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Security System Owned: Yes

Waterfront Features

Lake Front: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes
Electric: Yes

Association Type

Homeowner Association: Yes

Showing Requirements

Call Listing Agent: Yes
Combination Lock Box: Yes
Text Listing Agent: Yes
Vacant: Yes

Master Bedroom/Bath

Separate Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Number Limit: Yes
Size Limit: Yes

Restrictions

Lease Restrictions: Yes

Other Leasing Restrictions

Leasing Prohibited 1st Year: Yes

Tax Information

Homestead Exemption: Yes

Outdoor Living Spaces

Deck: Yes
Patio: Yes

Patio Details

Patio - Screened: Yes

Contingencies

Inspection: Yes

Concessions Detail

Other: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Room Information

Room Name	Length	Width	Level	Remarks
Living Room	26.00	13.00	First	Adjoins Dining room 12'6'W x 9'L
Kitchen	12.00	10.00	First
Master Bedroom	14.00	13.00	First
Bedroom 2	13.00	13.00	First
Laundry

Listing Office: The Keyes Company

Last Updated: May - 13 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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747 Banks Road, Margate, FL 33063 (MLS# R11103042)