8 months on rocket

5729 Coral Lake Dr Unit 305, Margate, FL, 33063

$189,500

Home List Price

$2,250*

Closing Credit

2 Bedrooms
2 Full Baths
1,090 SqFt
$174/SqFt
Condo

Location

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5729 Coral Lake Dr Unit 305, Margate$189,500

Buyer Closing Credits

$2,250*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest, Open, One Space
Year Built1979
HeatingCentral
CoolingCentral Air
WaterfrontLake Front, Lake Privileges
ViewGarden, Lake, Water
MLS #A11565511
StatusActive

About 5729 Coral Lake Dr Unit 305

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Garden Apartment
  • Year Built: 1979
  • Living Area: 1,090 SqFt

Listing Office:

  • Office Name: Element Real Estate Group
  • Office Phone: (786) 206-9077
  • Listing Agent: Danielle Russo

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Ceramic Tile, Other, Wood
  • Interior: Bedroom on Main Level, Breakfast Area, Living/Dining Room, Pantry, Split Bedrooms, Third Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Lake Privileges
  • View: Garden, Lake, Water
  • Exterior: Balcony, Storm/Security Shutters

Parking Information:

  • Parking: Guest, Open, One Space

Virtual/3D Tour

  • Virtual Tour: 5729 Coral Lake Dr Unit 305
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,500
  • Price Per SqFt: $174/SqFt

HOA Fees:

  • Amount: $562
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Margate, FL.

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Margate, FL

City

Med. Sold Price

$350K

Med. Price/SqFt

$256

Avg. Days On Market

58

# of Sold Homes

21

5729 Coral Lake Dr Unit 305 vs Margate

252 DAYS ON ROCKET

+194 Days

$189,500

-$160.5K Less

$174/SqFt

-$83 Less

KEY TAKEAWAY

This property is $160.5K less than the Median Sold Price and $83/SqFt less than other homes in Margate, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11565511

Listing Office:

  • Office Name: Element Real Estate Group
  • Office Phone: (786) 206-9077
  • Listing Agent: Danielle Russo

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,575

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$635

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4460721
6
/10

  • Liberty Elementary School

  • 2450 Banks Rd

  • 0.42 miles

  • Public Magnet Grades KG-5

school-card-donut-4460722
6
/10

  • Margate Elementary School

  • 6300 NW 18th St

  • 1.22 miles

  • Public District Grades KG-5

school-card-donut-4460723
6
/10

  • Coconut Creek Elementary School

  • 500 NW 45th Ave

  • 2.05 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,933. Most Margate, FL residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5729 Coral Lake Dr Unit 305

What is the listing price of this property?

The listing price of 5729 Coral Lake Dr Unit 305 property is $189,500.

What type of property is this?

The property 5729 Coral Lake Dr Unit 305 is a condo located in Margate, Florida, 33063.

Is this property for sale now?

Active Listing: 5729 Coral Lake Dr Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5729 Coral Lake Dr Unit 305 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5729 Coral Lake Dr Unit 305 is 1,090 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5729 Coral Lake Dr Unit 305 is 1979.

Rocket Homes›Florida›Broward County›Margate›33063›5729 Coral Lake Dr Unit 305

This home is located at 5729 Coral Lake Dr Unit 305 in Margate, FL and zip code 33063 in the Coral Gate neighborhood. This 1,090 square foot home was built in 1979. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $189,500.

Margate, FL housing market in November 2024 saw over 3 listings sold above listed price, more than 8 sold at listed price and over 10 sold below. In November 2024 in Margate, FL there were 7.4% more homes for sale than in October 2024. While the average time on the market in November 2024 was 58 days, the median list price was $350,000.

From Rocket Homes Real Estate and based on county public records data.

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