Cays Realty
7210 Lake Circle Drive 306, Margate, FL 33063 — MLS photo

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7210 Lake Circle Drive 306, Margate, FL 33063

Active · Condominium

$158,900

7210 Lake Circle Drive 306, Margate, FL 33063

Beds
2
Baths
2
Living area
1,100 sq ft
$ / sq ft
$144/sq ft
Year built
1980
Lot size
—
HOA fee
$758 Monthly
Annual tax
$3,060

About this property

Come see this SPACIOUS 2/2 condo with serene LAKE VIEW IN THE 55+ community of Palm Lakes. Real wood kitchen cabinetry, light laminate wood floors, SEPARATE OFFICE OVERLOOKING WATER. NO CARPET. Walk in closets, WASHER/DRYER IN THE UNIT. LARGE MASTER, NEWER ROOF already paid for. Enjoy community amenities like two pools, gym, library, clubhouse that can be rented for a reasonable fee. Close to highways, shopping mall, restaurants. Beach is a straight shot east on Atlantic.

Property location

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7210 Lake Circle Drive 306, Margate, FL 33063

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,100 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Built In Features, Bedroom On Main Level, Breakfast Area, Living Dining Room, Split Bedrooms, Shower Only, Walk In Closets, Pantry

Exterior & Structure

Property type
Condominium
Year built
1980
Stories
4
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block, Stucco
Exterior features
Balcony
Pool
Association, Community
Spa
Community
View
Garden, Lake

Parking

Covered spaces
0
Parking features
Assigned, Guest

HOA, Community & Financials

Association fee
$758 Monthly
Fee inclusions
Common Area Maintenance, Parking, Recreation Facilities, Reserve Fund, Roof, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Library, Pool, Spa Hot Tub, Elevators
Security
Other, Smoke Detectors
Pets allowed
No
Annual tax
$3,060
Subdivision
Palm Lakes
County
Broward
Days on market
252
MLS listing ID
F10551773
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$309

Cap rate
8.0%
Net yield
8.0%
Cash-on-cash return
8.3%
Gross yield
18.3%
Mortgage payment
$753/mo
Down payment
$39,725
Loan amount
$119,175
Annual NOI
$12,748

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.