NOT LISTED FOR SALE

5729 Coral Lake Dr Unit 305 Margate, FL 33063

Coral Lake Neighborhood

Estimated Value: $184,000 - $193,168

2 Beds
2 Baths
1,090 Sq Ft
$562/mo HOA Fee

Last Sold November 20, 2024

Last sale price $185,000 $170 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,695/month

223 Days on Market

Highlights

  • Lake Front
  • Clubhouse
  • Heated Community Pool
  • Senior Community
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of November 2024

DRASTIC PRICE IMPROVEMENT!! Beautiful waterfront condo in the desirable 55+ sought after community of Coral Gate, just needs some TLC Maintenance Includes Water and Cable (HBO). Features include Washer/Dryer in the unit, New Stainless-Steel Appliances, Newer Flooring, Built up Closets, and assigned extra Storage. Amenities include 3 Heated Pools, 3 clubhouses, Peaceful Walk/Jogging Path, Billiards, Shuffleboard, BBQ Parties, Group Trips for those who are interested, and on-site mgt, Property is centrally located and minutes away from Shopping, Restaurants, Seminole Casino, Horse Track Racing, Tradewinds Park, and Butterfly World. Close to the Turnpike and Sawgrass Expressway. 55+ Community Requires 15-20% Down Payment, 650 Minimum Credit Score, No Leasing First 2 Years.

Last Listed By

Danielle Russo

Element Real Estate Group License #3019158 Listed on: 04/08/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $940

Year Built

  • Built in 1979

Lot Details

  • Lake Front
  • North Facing Home

HOA Fees

  • $562 Monthly HOA Fees

Property Views

  • Lake
  • Garden

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,090 Sq Ft Home
  • 3-Story Property
  • Furniture for Sale
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Parking Space
  • Guest Parking
  • Open Parking

Outdoor Features

  • Access To Lake
  • Screened Balcony

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 484219AB0290

Community Details

Overview

  • Senior Community
  • Low-Rise Condominium
  • Coral Gate Condos
  • Coral Gate Ii Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Community Kitchen
  • Billiard Room
  • Community Storage Space

Recreation

  • Heated Community Pool
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Partial Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$940

Year Built

Built in 1979

Lot Details

0

HOA Fees

$562 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1979
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: CORAL GATE II CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Third Floor Entry, Pantry, Split Bedroom
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Other, Wood
  • Furnished: Furniture For Sale, Unfurnished
  • Living Area: 1090
  • Possible Use: Primary
  • Stories: 3
  • Window Features: Partial Accordian Shutters, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room

Exterior Features

  • View: Garden View, Lake, Water View
  • Exterior Features: Exterior Cat Walk, Screened Balcony
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake, Lake Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Coral Gate
  • Open Parking: Yes
  • Parking Features: 1 Space, Guest, Open

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association Fee: 562
  • Amenities: Barbecue, Bike/Jog Path, Billiard Room, Clubhouse-Clubroom, Elevator(s), Storage, Heated Pool, Kitchen Facilities, Pool, Shuffleboard, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 484219AB0290
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
Nov 19, 2024
Sold by
Noonan Annabelle
Bought by
Nicholson Warren Charles
Seller's Agent
Danielle Russo
Element Real Estate Group
Buyer's Agent
Osmin Granados
Genco Real Estate Construction
List Price
$222,999
Sold Price
$185,000
Premium/Discount to List
-$37,999
-17.04%
Total Days on Market
223
Views
222
Current Estimated Value
$188,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,792
Avg. Annual Appreciation
4.95%
Original Mortgage
$148,000
Outstanding Balance
$147,566
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$41,226

Purchase Details

Closed on
Feb 22, 2012
Sold by
Nussbaum Ruth R
Bought by
Noonan Annabelle

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nicholson Warren Charles $185,000 None Listed On Document
Noonan Annabelle $59,000 Guarantee Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholson Warren Charles $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $185,000 -2.4% $170 / Sq Ft
09/19/2024 09/19/24 Price Changed $189,500 -0.3% $174 / Sq Ft
08/22/2024 08/22/24 Price Changed $189,999 -5.0% $174 / Sq Ft
07/08/2024 07/08/24 Price Changed $199,999 -10.3% $183 / Sq Ft
04/10/2024 04/10/24 For Sale $222,999 -- $205 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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 $943 $183,740 $18,370 $165,370
2024 $940 $64,850 -- --
2023 $940 $62,970 $0 $0
2022 $916 $61,140 $0 $0
2021 $911 $59,360 $0 $0
2020 $905 $58,550 $0 $0
2019 $903 $57,240 $0 $0
2018 $869 $56,180 $0 $0
2017 $870 $55,030 $0 $0
2016 $801 $53,900 $0 $0
2015 $820 $53,530 $0 $0
2014 $826 $53,110 $0 $0
2013 -- $52,330 $5,230 $47,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Danielle Russo

    Element Real Estate Group

    (954) 603-7800

    Section Image

  • O

    Buyer's Agent in 2024

    Osmin Granados

    Genco Real Estate Construction

    1 in this area

    15 Total Sales

    Osmin Granados
    Section Image
See All Agents

Map

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Source: MIAMI REALTORS® MLS

MLS Number: A11565511

MIAMI REALTORS® MLS

APN: 48-42-19-AB-0290

Florida Broward County Margate 33063 Coral Lake

5729 Coral Lake Dr Unit 305, Margate, FL

Homes for Sale in Margate, FL

This home is located at 5729 Coral Lake Dr Unit 305, Margate, FL 33063 since 08 April 2024 and is currently estimated at $188,792, approximately $173 per square foot. This property was built in 1979. 5729 Coral Lake Dr Unit 305 is a home located in Broward County with nearby schools including Liberty Elementary School, Margate Middle School, and Monarch High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.