, MARGATE, FL, 33063
Sold1813 days on marketListed Aug 3, 2021Sold Dec 1, 2021MLS #F10295506
About this home
BEAUTIFUL LAKE VIEW FROM THIS RENOVATED 2/2 CONDO IN THE CORAL GATE COMMUNITY. KITCHEN NICELY UP DATED, NEW TILE & WOOD FLOOR IN THE BEDROONS. YOU HAVE YOUR OWN WASHER & DRYER. MAINTENANCE INCLUDES CABLE, ROOF,EXTERIOR BUILDING,PEST CONTROL,INSURANCE,WATER/TRASH AND ALL THE AMENITIES LIKE 3 HEATED POOLS, NICE WALKING PATH AROUND THE LAKE, CLUB HOUSE, BILLIARDS ROOM AND BIKING TRAIL.CLOSE TO MAJOR HIGHWAYS, SHOPING AND DINING. ASSOCIATION REQUIRES 15% DOWN AND 650 CREDIT. AT LEAST 1 PERSON NEEDS TO BE 55+. PETS ARE ALLOWED WITH EMOTIONAL SUPPORT LETTER.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
990
Sqft
1981
Year built
$167
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Margate actives
$167 vs $175
Days on market
1813 vs 162 typical
Where $167/sqft sits among the 400 Margate actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The numbers that matter
The Margate market
$515K → $450K
Margate median sold, yr/yr
101.4%
Sale-to-list ratio (12 mo)
35 of 400
Margate actives have cut their price
Median sold price, Margate, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 60% below the Margate median. See the full Margate market guide →
Paper trail
This home's history
Reality check
What actually sold near
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$230,000
5801 Coral Lake Dr # 101, Margate FL 33063 · same community
2 bd · 2 ba · 1,090 sqft · $211/sqft · 336 DOM
Sold · Feb ’26$175,000
6008 Coral Lake Dr # 108, Margate FL 33063 · same community
2 bd · 2 ba · 1,090 sqft · $161/sqft · 51 DOM
Sold · May ’26$150,000
5611 Coral Lake Drive # 111, Margate FL 33063 · same community
2 bd · 2 ba · 1,090 sqft · $138/sqft · 67 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Chris Shouse
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
Selling nearby?
What's your home worth today?
This sale is one data point — your home is another. Get a data-driven estimate built from real closed sales like this one, in about a minute.
The brief
Four things that matter here
01Under the Margate market on paper
$165,000 is 60% below the Margate median of $410,000, and at $167/sqft it sits under the Margate average of $258.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
1813 days on market against a Margate median of 162 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $169,900, now $165,000 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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