705 Banks Road, Margate, FL, 33063
About This Home
Discover this stunning townhouse nestled in a highly sought-after Margate community, with lake views from the main living areas. The open-concept kitchen features sleek stainless-steel appliances and generous countertop space, flowing seamlessly into a bright living and dining area perfect for entertaining guests. Elegantly remodeled bathrooms feature contemporary colors and finishes, elevating the home's sophistication. The home includes two designated parking spaces and lush outdoor areas for relaxing and enjoying serene water views. With convenient access to parks, shops, and top schools, this home is an ideal retreat for a relaxed, comfortable lifestyle. Woodlake Isles HOA completed new roofs and new parking lot asphalt in the 1st quarter of 2026!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale,Updated/Remodeled
- Year built: 1982
Materials
- Foundation: Slab
- Roof: Composition,Shingle
- Construction materials: Block,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Villa
Interior
Appliances
- Appliances included: Dishwasher,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Refrigerator,Electric Range,Electric Water Heater,Ice Maker,Microwave,Oven,Range,Refrigerator,Vented Exhaust Fan,Water Heater
- Laundry features: Washer Hookup,Electric Dryer Hookup,Inside,Laundry Closet,In Unit
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Features
- High Ceilings,Main Level Primary,Storage,Vaulted Ceiling(s),Walk-In Closet(s)
- Flooring: Tile,Vinyl,Wood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,242
- Total interior livable area: 1,092 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 484231140223
- Zoning: R-3
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: First Floor Entry,Vaulted Ceilings,Walk-In Closets
- Patio & porch: Covered,Patio,Porch,Screened
- Exterior features: None,Outdoor Living Area,Porch
- Fencing: Vinyl
- Has view: Yes
- View description: Lake,Water
- Has water view: Yes
- Water view: Lake,Water
- On waterfront: Yes
- Waterfront features: Lake Front
- Frontage type: Waterfront
- Frontage length: 37.34,37.34
Lot
- Lot size: 3,048 sqft
- Features: < 1/4 Acre
- Lot size dimensions: 37.34' x 82.00'
Parking
- Total spaces: 2
- Parking features: Assigned,Asphalt,Open
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Heat Wave
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Broward County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,819 | $21,828 |
| Home Insurance * | $348 | $4,176 |
| Property Taxes | $590 | $7,080 |
| Electricity | $197 | $2,366 |
| Total | $2,954 | $35,448 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $389,900 |
| 2026-03-25 | Listed for sale | $399,900 |
| 2020-10-27 | Sold | $218,000 |
| 2020-09-22 | Listed for sale | $215,000 |
| 2015-04-13 | Sold | $142,000 |
| 1988-10-01 | Sold | $57,357 |
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