Condo in 5611 Coral Lake Drive 111, Margate, FL 33063 for sale with MLS# R11157083

Welcome to Coral Gate, a vibrant 55+ waterfront community where every residence enjoys peaceful water views. Desirable first floor unit offers exceptional convenience, including private in-unit laundry. New ROOF already budgeted for 2026. 4x4 storage unit. A parking space is located directly outside the front door, with guest parking nearby. Residents enjoy three beautifully maintained pools, a clubhouse, and seasonal holiday parties and social activities including bingo. Monthly condo dues include Breezeline fiber optic internet and cable, water, sewer, trash service with monthly bulk pickup, pest control, on-site management, master insurance policies, and lawn and pool service. Ideally located near HCA Florida Northwest Hospital, Broward Health Coral Springs Coral Gate is a well maintained 55+ community offering tranquil water views from every residence and a lifestyle centered around ease, comfort, and connection. This first floor unit stands out with the rare convenience of washer and dryer located inside the unit, a highly valued feature in condominium living, along with a dedicated parking space directly outside the front door and ample guest parking just steps away. Residents enjoy three inviting pools, an active clubhouse, and a full calendar of seasonal holiday events and community activities such as bingo. Professional on-site management enhances the sense of care and community throughout Coral Gate. Monthly condo dues are comprehensive and include Breezeline fiber optic internet and cable, water, sewer, trash service with a monthly bulk trash day, pest control, master insurance policies, and full lawn and pool maintenance, allowing for truly low maintenance living. The community is conveniently located near HCA Florida Northwest Hospital and Broward Health Coral Springs, providing easy access to major medical services and emergency care. Coral Gate Park is located next door and features three half-court basketball courts, two full-size tennis courts, six pickleball courts, covered sitting areas, covered playgrounds, restrooms, and a rentable pavilion. Community requirements include a minimum 15 percent down payment for financing, a minimum 650 credit score, and a two year ownership period prior to renting. A roof project is already scheduled to begin this year with no special assessment, as it is fully accounted for in the budget. The Structural Integrity Reserve Study has been completed and is available for review. This is an excellent opportunity to enjoy waterfront living with rare in-unit laundry, outstanding amenities, and a well managed community close to parks, healthcare, and everyday conveniences.

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5611 Coral Lake Drive 111, Margate, FL 33063

Price
Price:
$165,000.00
Original List Price:
$165,000.00
List Price per Sq Ft (Calculated, Approx.):
$151.37
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Contingency:
Pending
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Status Change
Last Major Update on:
April 10, 2026 1:23 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Room Type:
Kitchen, Living Room, Master Bedroom
Rooms Total:
3
Master Bedroom Bath:
2 Master Suites
Dining Area:
Snack Bar/counter, Dining/Living Room
Measures
Living Area:
1,090 Sqft
Built-Up Area:
1,175 Sqft
Building Area Source:
Public Records
Property Features
View from the Property:
Lake
Waterfront:
Yes
Waterfront Features:
Lake Front
Security:
Security Patrol
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Refrigerator, Washer, Electric Range
Interior:
Pantry, Walk-In Closet(s), Entrance Foyer, Bedroom Layout - Split
Patio and Porch:
Porch, Porch - Screened
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Property Entrance Faces:
Northeast
Storm Protection Accordian Shutters:
Complete
Construction
Year Built:
1979
Year Roof Installed:
2026
Levels:
Two
Entry Level Location:
Entry Level Living Area Y
Construction Materials:
CBS
Flooring:
Laminate
Number of stories:
3
Number of Units in the Community or Building:
468
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$3,078.34
Tax Year:
2025
Association Fee:
$616.00
Association Fee Frequency:
Monthly
Property Tax Details:
Homestead Exemption, Other Exemption
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Assigned, Guest, Open
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Cable Available, Sewer Available, Water Available
Water Source:
Public
Community
Association
Association Membership:
Mandatory
Application Required
Application Fee:
$100.00
Association Type:
Condominium
Lease Number Times per Year Allowed:
1
Amenities Provided by the Homeowner's Association (HOA):
Pool, Community Room, Clubhouse, Playground, Picnic Area, Tennis Court(s), Basketball Court, Pickleball Court(s)
Building Name:
1
Subdivision Name:
Coral Gate
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Pest Control, Common Areas, Insurance
Senior Community:
Yes
Development Name:
Coral Gate
Association Phone:
(954) 971-3968
Association Minimum Credit Score:
650
Minimum Days per Lease:
365
Other Leasing Restrictions:
Leasing Prohibited 1st 2 Years
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA, VA Loan
Occupant Type:
Owner Occupied
Buyer Possession:
Negotiable
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
Legal Description CORAL GATE I CONDO UNIT 111 PER CDO BK/PG: 8277/600
Real Estate Folio Number (Parcel Number):
4842 19 Aa 0110
Zoning:
PUD
Listing History
Active on the market since:
January 23, 2026
Listing Agreement executed on:
January 23, 2026
Purchase Contract Date:
March 31, 2026
Listing Status Last Changed On:
April 10, 2026 1:23 pm
Photos updated on:
February 17, 2026 1:36 pm
Last Modified:
April 10, 2026 1:24 pm
Additional Information
Courtesy of:
Real Broker LLC
Attribution:
Not provided
Location
Street Name:
Coral Lake
Street Number:
5611
Unit Number:
111
City:
Margate
State:
Florida
Zip Code:
33063
County:
Broward
Latitude:
N26° 15' 53.1''
Longitude:
W81° 48' 10.5''
Street Suffix:
Drive
Property Map

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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This listing can also be located in the MLS system as RX-11157083
Association of REALTORS®
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