Active · Condominium
$100,000
7320 Lake Cir Drive 204, Margate, FL 33063
- Beds
- 1
- Baths
- 2
- Living area
- 960 sq ft
- $ / sq ft
- $104/sq ft
- Year built
- 1979
- Lot size
- —
- HOA fee
- $694 Monthly
- Annual tax
- $1,875
About this property
Welcome to Palm Lakes, a sought after 55+ community offering comfort, convenience, and an active lifestyle. This beautifully renovated and spacious 1 bedroom, 2 bathroom condo is truly move in ready. Thoughtfully updated in 2024, the home features a hurricane impact front door and impact windows for enhanced security, energy efficiency, and peace of mind. A newly enclosed 28 x 10 patio with impact windows adds exceptional bonus living space, perfect for relaxing, entertaining, or creating a bright home office retreat. Stylish new water resistant laminate flooring throughout gives the entire residence a clean, modern feel. The updated kitchen showcases stainless steel appliances and granite countertops, blending functionality with timeless design. Plantation shutters and elegant zebra blinds add both privacy and sophistication. The AC unit was replaced in 2018, providing reliable year round comfort. Ideally positioned right off the elevator for easy access, this unit also includes convenient outside storage. Minimum credit score requirement is 650. Enjoy low maintenance living in a well maintained community, close to shopping, dining, and everything you need. This is the perfect opportunity to enjoy a stylish, updated home in one of Palm Lakes' desirable 55+ settings. ***No special assessments!!
Interior & exterior features
Appliances
- Dryer
- Dishwasher
- Electric Range
- Electric Water Heater
- Freezer
- Disposal
- Ice Maker
- Microwave
- Refrigerator
- Washer
Cooling
- Central Air
- Ceiling Fans
Heating
- Central
Views
- Garden
- Lake
Parking
- Assigned
- Guest
- Two Or More Spaces
Interior features
- Eat In Kitchen
- Kitchen Dining Combo
- Living Dining Room
- Shower Only
- Walk In Closets
- Elevator
- Pantry
Pool
- None
- Association
- Community
construction
- Block
security
- Closed Circuit Cameras
- Smoke Detectors
- Security Guard
association_amenities
- Clubhouse
- Pool
- Shuffleboard Court
- Security
- Storage
- Elevators
association_fee_includes
- Common Area Maintenance
- Cable Tv
- Hot Water
- Parking
- Pest Control
- Sewer
- Security
- Trash
- Water
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$378
- Cap rate
- 10.2%
- Net yield
- 10.2%
- Cash-on-cash return
- 16.2%
- Gross yield
- 24.0%
- Mortgage payment
- $474/mo
- Down payment
- $25,000
- Loan amount
- $75,000
- Annual NOI
- $10,229
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.