Condo in 5626 Coral Lake Drive 302, Margate, FL 33063 for sale with MLS# B26076289
LAKE VIEWS & A RARE FINANCING OPPORTUNITY! Assumable loan at 2.99% - Buyer may be able to take over the sellers existing rate. 55+ Community. Enjoy Beautiful Lake Views, a relaxed South Florida lifestyle, and the opportunity to make this charming condo your own! Features include an updated kitchen with new white cabinets and refrigerator, Stainless Steel Range and Hood. Spacious living room, guest bedroom & bath, in-unit washer/dryer, and a primary suite with three closets & an updated bathroom. Impact window in Primary Suite. Hurricane Shutters, Keyless entry. Luxury Vinyl Floors. Relax on the screened patio overlooking the lake! Amenities, 3 clubhouses, 3 heated pools, jacuzzi, game room, walking route, & nearby sports courts. Make this home your own! One person must be 55
5626 Coral Lake Drive 302, Margate, FL 33063
Price
- Price:
- $159,900.00
- Original List Price:
- $169,999.00
- List Price per Sq Ft (Calculated, Approx.):
- $146.69
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- October 28, 2026 7:52 pm
Rooms Distribution
- Bedrooms:
- 2
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Room Type:
- Kitchen, Living Room, Master Bedroom
- Master Bedroom Bath:
- Separate Shower, Dual Sinks, Bedroom On Entry Level
- Dining Area:
- Snack Bar/counter, Dining/Living Room
Measures
- Living Area:
- 1,090 Sqft
- Built-Up Area:
- 1,090 Sqft
- Building Area Source:
- Assessor
- Living Area Source
Property Features
- View from the Property:
- Lake, Pool, Water, Pond
- Waterfront:
- Yes
- Waterfront Features:
- Lake Front, None, Pond
- Furnished:
- Unfurnished
- Appliances:
- Dryer, Refrigerator, Washer, Other, Electric Range, Oven
- Interior:
- Pantry, Entrance Foyer, Storage, Bedroom Layout - Split
- Exterior:
- Balcony
- Windows:
- Shutters, Storm Window(s)
- Other Structures:
- Storage
- Laundry:
- Laundry Closet
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Central
- Property Entrance Faces:
- North
- Unit Description:
- Exterior Catwalk
- Balcony Details:
- Balcony - Screened
- Storm Protection Impact Glass:
- Partial
- Storm Protection Accordian Shutters:
- Partial
- Storm Protection Details:
- Storm Shutters
Construction
- Year Built:
- 1979
- Roof:
- Other
- Year Roof Installed:
- 2026
- Architectural Style:
- Other
- Levels:
- One
- Construction Materials:
- Concrete Block - With Stucco
- Flooring:
- Vinyl, Ceramic Tile
- Number of stories:
- 3
- Structure Type:
- Multi Family
- Stories:
- 1
- Road Frontage Type:
- City Street
- Flood Zone Code:
- X
- Property Condition:
- Resale, Updated/remodeled
Taxes and Expenses
- Tax Annual Amount:
- $2,580.02
- Tax Year:
- 2025
- Tax Assessed Value:
- $151,780.00
- Association Fee:
- $616.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- Homestead Exemption
Parking
- Parking Total Spaces:
- 1
- Covered Spaces:
- 0
- Parking Features:
- Assigned, Guest, Open, Asphalt
Utilities
- Sewer:
- Public Sewer
- Electric:
- Circuit Breakers
- Utilities Available:
- Cable Available, Water Available, Electricity Connected
- Water Source:
- Public
Community
- Association
- Association Membership:
- Mandatory
- Application Required
- Application Fee:
- $100.00
- Application Information:
- 3-4 Weeks Approval, Association Approval Required
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, Pet Restrictions Possible
- Lease Number Times per Year Allowed:
- 1
- Amenities Provided by the Homeowner's Association (HOA):
- Courtesy Bus, Heated Pool, Pool, Clubhouse, Fitness Center, Tennis Court(s), Internet Included, Hot Water, Maintained Community
- Subdivision Name:
- CORAL GATE I CONDO
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Pest Control, Insurance, Internet, Hot Water, Roof Repairs, Pool Service, Recreation Facility
- Senior Community:
- Yes
- Development Name:
- CORAL GATE COMMUNITY
- Association Minimum Credit Score:
- 650
- Association Requires a Minimum Credit Score
- Restrictions:
- Buyer Approval Required, Lease Restrictions
- Minimum Days per Lease:
- 365
- Other Leasing Restrictions:
- Leasing Prohibited 1st 2 Years
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease With Restrictions
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional, VA Loan, Assumable (The financing currently in place may be assumed)
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- CORAL GATE I CONDO UNIT 302 PER CDO BK/PG: 8277/600
- Real Estate Folio Number (Parcel Number):
- 484219aa0260
- Zoning:
- PUD
Public Schools Assigned
- Elementary School:
- Seminole (miami-dade)
- High School:
- Monarch
- Middle Or Junior School:
- Margate
Listing History
- Active on the market since:
- September 15, 2026
- Listing Agreement executed on:
- September 13, 2026
- Price change occurred on:
- October 28, 2026 7:52 pm
- Listing Status Last Changed On:
- September 15, 2026 1:43 pm
- Photos updated on:
- October 5, 2026 5:04 pm
- Last Modified:
- November 5, 2026 10:17 pm
Additional Information
- Courtesy of:
- VantaSure Realty LLC
- Attribution:
- Not provided
- Road Surface Type:
- Asphalt
Location
- Floor Number:
- 3
- Street Name:
- Coral Lake
- Street Number:
- 5626
- Unit Number:
- 302
- City:
- Margate
- State:
- Florida
- Zip Code:
- 33063
- County:
- Broward
- Latitude:
- N26° 15' 53.8''
- Longitude:
- W81° 48' 9.5''
- Street Suffix:
- Drive
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$62,930
Median Home Value
$270,100
Median Rent
$1,790/mo
Median Age
45
Population
55,539
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