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+7 photosLuxury home — 1857 Banks Road 1857-1859 · Banks Business Park · Margate
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1857 Banks Road 1857-1859, Margate, FL 33063
Margate, FL, 33063
— bd · 0 ba · 2,035 sqft
Listed by RE/MAX Direct
1857 Banks Road 1857-1859, Margate, FL 33063
Listed by RE/MAX Direct
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Estimated monthly payment
$816/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $816/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: X · verify insurance quotes before buying.
About this home
Find similar homesExcellent opportunity to lease a professional office suite in the highly desirable Banks Road Business Park. This well-maintained 2,035 SF office space offers a functional and efficient layout designed for a variety of professional uses. Features include two separate entrances, an inviting reception and waiting area, six private offices, two private restrooms, a kitchen/break room, dedicated IT/server room, and a spacious central bullpen area with room for an additional 3-4 workstations. The flexible floor plan provides an ideal combination of private offices and collaborative workspace. Conveniently located with easy access to major roadways, ample parking, & surrounded by established businesses, this turnkey office space. Monthly price includes CAM. Tenant responsible for Utilities. call listing agent with any pictures and to schedule a showing.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 7%
The seller has come down from $4,282 to $4,000 — a $282 reduction since it came on the market.
147 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $816/mo
1857 Banks Road 1857-1859, Margate, FL 33063 · Margate
Location
1857 Banks Road 1857-1859, Margate, FL 33063
What buyers ask about this home
What are the estimated monthly carrying costs at 1857 Banks Road 1857-1859, Margate, FL 33063?+
Property tax (after sale): $7/month est.; homeowners insurance: $314/month est.; HOA: $475/month. Fixed ownership costs before a mortgage: $796/month est. Principal and interest: $21/month; PMI: $0/month. Total for the payment scenario shown: $816/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1857 Banks Road 1857-1859, Margate, FL 33063?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1857 Banks Road 1857-1859, Margate, FL 33063 need flood insurance, and what drives the premium?+
Most of Margate sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1857 Banks Road 1857-1859, Margate, FL 33063?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1857 Banks Road 1857-1859, Margate, FL 33063?+
This listing has been on the market 147 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Margate, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Coconut Creek High School
High school · 0.9 mi from this home · 1400 Nw 44Th Ave, Coconut Creek
Zone boundaries published by Broward County Public Schools.
Other options for this address
Renaissance Charter School At Coral Springs
Elementary · Charter · Grades PK–8 · Coral Springs
Somerset Academy Riverside Charter Middle School
Middle school · Charter · Grades 6–8 · Coral Springs
Somerset Preparatory Academy Charter High At North Lauderda
High school · Charter · Grades 9–12 · North Lauderdale
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
Zimmerman School House Dba Lion Star Academy
Pre-K & Kindergarten · Private · Grades 3–12 · Coral Springs
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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