Recently Listed Adult Community 5611 Coral Lake Drive # 111
Margate, FL, 33063 $ 165,000
Bedrooms2 Baths2.0 Sq 1,090 Monthly Estimate*
$ 1,016
for $165,000 with 2 bedrooms and 2 full baths. This 1,090 square foot condo was built in 1979.
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. A parking space is located directly outside the front door, with plenty of additional 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 SpringsCoral 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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FeaturesInteriorInterior Amenities Entry Lvl Lvng Area Foyer Pantry Split Bedroom Walk-in Closet
Dining Area Dining-Living Snack Bar
Flooring Laminate Tile
Furnished Y/N Unfurnished
Total Bedrooms 2
Master Bedroom/Bath 2 Master Suites
Unit Floor # 1.00
Total Bathrooms 2.00
SqFt - Living 1090.00
Total Floors/Stories 3.00
Equip/Appl Included Dishwasher Dryer Range - Electric Refrigerator Washer
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GeneralConstruction CBS
Heating Central Electric
Cooling Central Electric
Utilities Cable Electric Public Sewer Public Water
Possession Funding
Parking Assigned Guest Open
Pets Allowed No
Zoning PUD
HOA Mandatory
Number of Garage Spaces 0.00
Security Security Patrol
Status Active
Full Baths 2
Half Baths 0
Year Built 1979
REO No
Subdivision Coral Gate
View Lake
Type Condo/Coop
Rooms None
Property Type A
Area 3631
Application Fee 100.00
Unit Number 111
Auction No
Development Name Coral Gate
Tax Year 2025
Terms Considered Cash Conventional FHA VA
Gated Community No
Short Sale No
Restrict No Lease First 2 Years
Special Info Sold As-Is
Taxes 3078.34
Adult 55+ Yes-Verified
HOA/POA/COA (Monthly) 591.00
Governing Bodies Condo
Membership Fee Required No
Geo Area NW41
Legal Description Legal DescriptionCORAL GATE I CONDO UNIT 111 PER CDO BK/PG: 8277/600
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ExteriorExterior Amenities Screen Porch
Waterfront Yes Lake
Guest House No
Private Pool Y/N No
Subdiv. Amenities Basketball Clubhouse Community Room Pickleball Picnic Area Playground Pool Tennis
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Internal OnlyOriginalMLSID RX-11157083
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* Excluded FeaturesList ByMelissa A CarbonellListing Agent
melissa@melcarbonell.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,016
- Monthly Property Taxes
- $257
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Margate, FL
Average List Price $169,737
Percent of Sale Price 3%
About Margate, FL 62,416 Population
15% Since 2002
$ 44,821 Median Income
43.14 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
368239 Elementary School
368240 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/23/2026 | $165,000 | | Listed Price |