RENTED OCT 20, 2025

587 Banks Rd Margate, FL 33063

Estimated Value: $301,000 - $358,000

2 Beds
2 Baths
1,064 Sq Ft
$310/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $232,000 $218 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,322/month

Highlights

  • Lake Front
  • Villa
  • 4-minute walk to Lakewood Park
  • No HOA

About This Home

As of October 2025

LAKEFRONT CORNER UNIT 2/2 villa at Woodlake Isles with spacious bedrooms and your own personal dock! Located in prime location with scenic views from front and backyard. Features an open floor plan, split bedrooms, ceramic tiles, lots of natural sunlight, walk in closet, & impeccably maintained. Comes with 2 assigned parking spots and guest spaces throughout the neighborhood.

Last Agent to Rent the Property

Ferras Zereik

Manage LLC License #3555938 Listed on: 08/07/2025

Last Renter's Agent

Jalal Ahmed

CENTURY 21 Tenace Realty License #3562915

CENTURY 21 Tenace Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 2,920 Sq Ft Lot
  • 10 Ft Wide Lot
  • Lake Front
  • Property is zoned R-3

Home Design

  • 1,064 Sq Ft Home
  • Villa

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Liberty Elementary School
  • Margate Middle School
  • Coconut Crk High School

Community Details

  • No Home Owners Association
  • Woodlake Isles Subdivision

Listing and Financial Details

  • Property Available on 9/16/25
  • Assessor Parcel Number 484231140080

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

2,920 Sq Ft Lot

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-09-16

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1981
  • Property Sub Type: Villa
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Townhouse/Villa-Annual, Villa
  • Subdivision Name: WOODLAKE ISLES
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • LastStatus: Pending
  • CurrentPrice: 2350
  • InternetRemarks: LAKEFRONT CORNER UNIT 2/2 villa at Woodlake Isles with your own personal dock! HOA covers lawn service, exterior maintenance, exterior pest control.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Furnished: Unfurnished
  • Living Area: 1064

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: WOODLAKE ISLES

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Liberty
  • High School: Coconut Crk High
  • Middle Or Junior School: Margate Middle

Lot Info

  • Parcel Number: 484231140080
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 2920
  • Zoning: R-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2021
Closed on
Mar 10, 2021
Sold by
Walwyn Jennifer L
Bought by
Andrews Gabriel C and Reid Yolanda S
Seller's Agent
Miracle Brodeur
LoKation
Buyer's Agent
Renee Thomas
Coldwell Banker Realty
List Price
$224,999
Sold Price
$232,000
Premium/Discount to List
$7,001
3.11%
Current Estimated Value
$329,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,510
Avg. Annual Appreciation
7.35%
Original Mortgage
$212,300
Outstanding Balance
$188,575
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$140,935

Purchase Details

Listed on
Jun 20, 2014
Closed on
Aug 15, 2014
Sold by
Potter Kristin Elizabeth and Oliveri Richard J
Bought by
Walwyn Jennifer L
Seller's Agent
Ellen Rossiter
Coldwell Banker
Buyer's Agent
Jamie Cantor
Iridium Real Estate Group
List Price
$150,000
Sold Price
$133,000
Premium/Discount to List
-$17,000
-11.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%
Original Mortgage
$93,100
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2012
Sold by
Lennox Beatrice
Bought by
Potter Kristin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,279
Interest Rate
3.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 1995
Sold by
Lennox Beatrice and Leonard Edward J
Bought by
Lennox Beatrice

Purchase Details

Closed on
Sep 1, 1991
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Andrews Gabriel C $232,000 Attorneys Title Partners Inc
Walwyn Jennifer L $133,000 Attorney
Potter Kristin Elizabeth $95,000 Sunbelt Title Agency
Lennox Beatrice -- --
Available Not $8,571 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Gabriel C $212,300
Previous Owner Walwyn Jennifer L $93,100
Previous Owner Potter Kristin Elizabeth $93,279
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2025 10/20/25 Rented $2,350 0.0% --
09/26/2025 09/26/25 Under Contract -- -- --
09/02/2025 09/02/25 Price Changed $2,350 -2.1% $2 / Sq Ft
08/07/2025 08/07/25 For Rent $2,400 +4.6% --
01/26/2024 01/26/24 Rented $2,295 0.0% --
01/06/2024 01/06/24 Under Contract -- -- --
12/26/2023 12/26/23 Price Changed $2,295 -4.4% $2 / Sq Ft
12/04/2023 12/04/23 For Rent $2,400 0.0% --
12/02/2023 12/02/23 Under Contract -- -- --
11/03/2023 11/03/23 For Rent $2,400 0.0% --
10/31/2023 10/31/23 Off Market $2,400 -- --
10/31/2023 10/31/23 For Rent $2,400 0.0% --
09/18/2023 09/18/23 Off Market $2,400 -- --
09/18/2023 09/18/23 For Rent $2,400 0.0% --
09/17/2023 09/17/23 Off Market $2,400 -- --
09/09/2023 09/09/23 For Rent $2,400 0.0% --
03/12/2021 03/12/21 Sold $232,000 +3.1% $218 / Sq Ft View Prior Sale
02/10/2021 02/10/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $224,999 +69.2% $211 / Sq Ft
08/15/2014 08/15/14 Sold $133,000 -11.3% $125 / Sq Ft View Prior Sale
07/16/2014 07/16/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $150,000 -- $141 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2026 $6,882 $304,240 $23,360 $280,880
2025 $4,544 $279,470 $23,360 $256,110
2024 $4,449 $279,470 $23,360 $256,110
2023 $4,449 $230,880 $0 $0
2022 $4,245 $224,160 $23,360 $200,800
2021 $2,072 $123,600 $0 $0
2020 $2,033 $121,900 $0 $0
2019 $1,990 $119,160 $0 $0
2018 $1,868 $116,940 $0 $0
2017 $1,841 $114,540 $0 $0
2016 $1,755 $112,190 $0 $0
2015 $1,796 $111,420 $0 $0
2014 $1,303 $88,840 $0 $0
2013 -- $87,530 $20,440 $67,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11854514

MIAMI REALTORS® MLS

APN: 48-42-31-14-0080

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