571 Banks Rd Margate, FL 33063
Estimated payment $2,590/month
Highlights
- Lake Front
- Tennis Courts
- Deck
- Private Dock
- Clubhouse
- 4-minute walk to Lakewood Park
About This Home
Do not miss this amazing opportunity to purchase this well maintained ALL AGES 2 bedroom, 2 bath corner unit Villa in Woodlake Isles! This unit features a split floor plan, newer floors, updated guest bathroom, full sized washer and dryer, 2 parking spots and beautiful and serene views of the lake that you can enjoy from your primary bedroom and screened in patio. Community offers 2 swimming pools, clubhouse, sauna, tennis court, gazebo with public dock, maintenance fees cover roof repairs and insurance. Bring your furry friends as pets are allowed with some restrictions. This home has been very well maintained and is ready for a new owner to value and cherish it! Schedule your appointment today!
OK to lease after 1 year of ownership
HOA is $880 per quarter ($293 per month)
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,180
Year Built
- Built in 1982
Lot Details
- 2,784 Sq Ft Lot
- Lake Front
- East Facing Home
- Property is zoned R-3
HOA Fees
- $293 Monthly HOA Fees
Home Design
- Shingle Roof
Interior Spaces
- 986 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Tile Flooring
- Lake Views
- Fire and Smoke Detector
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Snack Bar or Counter
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Shower Only
Laundry
- Dryer
- Washer
Parking
- Driveway
- Guest Parking
- Open Parking
Outdoor Features
- Private Dock
- Tennis Courts
- Screened Balcony
- Deck
- Outdoor Grill
Schools
- Liberty Elementary School
- Margate Middle School
- Monarch High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 484231140060
Community Details
Overview
- Woodlake Isles Subdivision
- Maintained Community
- The community has rules related to no motorcycles, no recreational vehicles or boats, no trucks or trailers
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Shuffleboard Court
- Community Pool
- Community Spa
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,180 | $271,240 | $22,270 | $248,970 |
| 2024 | $5,075 | $267,080 | $22,270 | $237,040 |
| 2023 | $5,075 | $259,310 | $22,270 | $237,040 |
| 2022 | $5,345 | $231,700 | $22,270 | $209,430 |
| 2021 | $1,131 | $80,580 | $0 | $0 |
| 2020 | $1,106 | $79,470 | $0 | $0 |
| 2019 | $1,078 | $77,690 | $0 | $0 |
| 2018 | $1,012 | $76,250 | $0 | $0 |
| 2017 | $995 | $74,690 | $0 | $0 |
| 2016 | $931 | $73,160 | $0 | $0 |
| 2015 | $630 | $72,660 | $0 | $0 |
| 2014 | $638 | $72,090 | $0 | $0 |
| 2013 | -- | $83,120 | $19,470 | $63,650 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | For Sale | $350,000 | 0.0% | $355 / Sq Ft |
| 08/14/2025 08/14/25 | Off Market | $350,000 | -- | -- |
| 07/21/2025 07/21/25 | For Sale | $350,000 | 0.0% | $355 / Sq Ft |
| 05/13/2025 05/13/25 | Off Market | $350,000 | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $350,000 | +33.3% | $355 / Sq Ft |
| 12/28/2021 12/28/21 | Sold | $262,500 | -90.9% | $266 / Sq Ft |
| 11/28/2021 11/28/21 | Pending | -- | -- | -- |
| 08/24/2021 08/24/21 | For Sale | $2,889,900 | -- | $2,931 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $264,500 | Homepartners Title Svcs Llc | |
| Quit Claim Deed | $10,000 | -- | |
| Quit Claim Deed | $10,000 | -- | |
| Quit Claim Deed | $100 | -- | |
| Special Warranty Deed | $47,143 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $259,708 | FHA | |
| Previous Owner | $219,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: MIAMI REALTORS® MLS
MLS Number: A11721046
APN: 48-42-31-14-0060
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