1 / 22
+17 photosLuxury home — 5550 S Lakewood Cir S #B · Lakewood On The Green · Margate
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 5550 S Lakewood Cir S #B, Margate, FL 33063
Dedicated to you and your family.
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance. Sign in or create a free account and the same edition is rewritten around your household — the schools your children would attend, the boat you keep, the routes you actually drive.
Open property magazine$360,000
5550 S Lakewood Cir S #B, Margate, FL 33063
Margate, FL, 33063
2 bd · 2 ba · 946 sqft
Listed by Dominion Realty Group
5550 S Lakewood Cir S #B, Margate, FL 33063
Listed by Dominion Realty Group
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$2,908/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 $2,908/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 this well-maintained 2-bedroom, 2-bath villa offering a versatile additional room that can be used as a 3rd bedroom or additional flex area to suit your needs. The thoughtfully designed layout provides comfortable living spaces with abundant natural light and a functional floor plan ideal for today's lifestyle.Enjoy a spacious living and dining area, a well-appointed kitchen, and conveniently located near shopping, dining, parks, major roadways, and everyday conveniences.Buyer and/or Buyer's Agent are responsible for verifying all information regarding the property and HOA The information contained in this listing has been provided by the seller and/or other sources.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
113 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.)
≈ $2,908/mo
5550 S Lakewood Cir S #B, Margate, FL 33063 · Margate
Location
5550 S Lakewood Cir S #B, Margate, FL 33063
What buyers ask about this home
What are the estimated monthly carrying costs at 5550 S Lakewood Cir S #B, Margate, FL 33063?+
Property tax (after sale): $625/month est.; homeowners insurance: $215/month est.; HOA: $201/month. Fixed ownership costs before a mortgage: $1,041/month est. Principal and interest: $1,868/month; PMI: $0/month. Total for the payment scenario shown: $2,908/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 5550 S Lakewood Cir S #B, 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 5550 S Lakewood Cir S #B, 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 5550 S Lakewood Cir S #B, 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 (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 5550 S Lakewood Cir S #B, Margate, FL 33063?+
This listing has been on the market 113 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 · 1.5 mi from this home · 1400 Nw 44Th Ave, Coconut Creek
Zone boundaries published by Broward County Public Schools.
Other options for this address
Imagine Charter School At North Lauderdale Elementary
Elementary · Charter · Grades PK–5 · North Lauderdale
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
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
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?
$360,000 · MLS A12057766
$360,000
5550 S Lakewood Cir S #B
413 SW 61ST Terrace, Margate, FL 33068
Listed by LoKation
APPLEGREEN SUB
2 bd · 2 ba · 1,174 sq ft
$370,000
View details
715 Banks Road, Margate, FL 33063
Listed by Align Right Realty K1 Group
WOODLAKE ISLES
2 bd · 2 ba · 1,034 sq ft
$285,000
View details
5150 SW 6th Street, Margate, FL 33068
Listed by Listed Simply
MARGATE ESTATES SEC 2
4 bd · 2 ba · 1,859 sq ft
$498,500
View details
80 W PALM Drive, Margate, FL 33063
Listed by Joseph Walter Realty LLC
HAMMON HEIGHTS SEC 3
4 bd · 3 ba · 2,497 sq ft
$699,999
View details
6667 NW 1st Street, Margate, FL 33063
Listed by The R E Experts of South Fla
ORIOLE-MARGATE SEC TWO
4 bd · 2 ba · 1,794 sq ft
$510,000
View details
6260 SW 6th Street, Margate, FL 33068
Listed by Charles Rutenberg Realty FTL
KIMBERLY FOREST SEC 2
4 bd · 2 ba · 1,835 sq ft
$525,000
View details