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+46 photosLuxury condo — 551 NW 76th Terrace 208 · Oriole Gardens Two 40 Con · Margate
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Open property magazine$110,000
551 NW 76th Terrace 208, Margate, FL 33063
Margate, FL, 33063
2 bd · 2 ba · 990 sqft
Listed by Lamacchia Realty, Inc.
551 NW 76th Terrace 208, Margate, FL 33063
Listed by Lamacchia Realty, Inc.
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Estimated monthly payment
$1,257/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 $1,257/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 homesWelcome to easy South Florida living in this well-maintained 2-bedroom, 2-bath condo located in the desirable 55+ community of Oriole Gardens II. This move-in-ready second-floor residence offers a bright, open layout with abundant natural light, spacious living and dining areas, and a well-appointed kitchen with ample cabinetry. Relax on your screened balcony overlooking the tranquil canal - the perfect spot for morning coffee or evening unwinding. The primary suite features a walk-in closet and en-suite bath. Community amenities include a clubhouse, fitness center, billiards, shuffleboard, two pools, and a full calendar of social activities. Maintenance includes water, sewer, trash, exterior maintenance, roof, lawn care, and recreational amenities. Conveniently located near shopping, dining, medical facilities, golf courses, and major highways, this home is ideal for year-round living or a seasonal retreat.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 8%
The seller has come down from $120,000 to $110,000 — a $10,000 reduction since it came on the market.
100 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.
Building health
- Building
- ORIOLE GARDENS TWO 40 CON· MLS
- Year built
- 1974· MLS
- Stories
- 2· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- No· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $495 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Your costs (est.)
≈ $1,257/mo
551 NW 76th Terrace 208, Margate, FL 33063 · Margate
Location
551 NW 76th Terrace 208, Margate, FL 33063
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 551 NW 76th Terrace 208, Margate, FL 33063?+
Property tax (after sale): $191/month est.; homeowners insurance: $0/month est.; HOA: $495/month. Fixed ownership costs before a mortgage: $686/month est. Principal and interest: $571/month; PMI: $0/month. Total for the payment scenario shown: $1,257/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 551 NW 76th Terrace 208, 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 551 NW 76th Terrace 208, 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 I check about the association before buying 551 NW 76th Terrace 208, Margate, FL 33063?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 551 NW 76th Terrace 208, Margate, FL 33063 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Margate luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 551 NW 76th Terrace 208, Margate, FL 33063?+
This listing has been on the market 100 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 · 2.8 mi from this home · 1400 Nw 44Th Ave, Coconut Creek
Zone boundaries published by Broward County Public Schools.
Other options for this address
Somerset Preparatory Academy Charter School At North Lauder
Elementary · Charter · Grades PK–8 · North Lauderdale
Somerset Academy Riverside Charter Middle School
Middle school · Charter · Grades 6–8 · Coral Springs
North Broward Academy Of Excellence Middle
Middle school · Charter · Grades 6–8 · North Lauderdale
Somerset Preparatory Academy Charter High At North Lauderda
High school · Charter · Grades 9–12 · North Lauderdale
Zimmerman School House Dba Lion Star Academy
Pre-K & Kindergarten · Private · Grades 3–12 · Coral Springs
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
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
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