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+5 photosLuxury condo — 7200 NW 5TH Place 203 · Oriole Gardens 11 Condo · Margate
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Open property magazine$85,000
7200 NW 5TH Place 203, Margate, FL 33063
Margate, FL, 33063
2 bd · 2 ba · 990 sqft
Listed by London Foster Realty
7200 NW 5TH Place 203, Margate, FL 33063
Listed by London Foster Realty
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Estimated monthly payment
$1,107/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 $1,107/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, carefree South Florida living in desirable Oriole Gardens One! This beautifully updated and exceptionally well-maintained 2-bedroom, 2-bath first-floor corner residence offers comfort, convenience, and plenty of natural light. The spacious open layout creates an inviting atmosphere, while the well-sized bedrooms provide plenty of room to relax. The primary suite features its own private bath and generous closet space. Being a first-floor corner residence adds to the convenience and appeal! Enjoy an active 55+ lifestyle with resort-style community amenities just moments from your door, including a pool, fitness center, billiards, library, and community room. Conveniently located near shopping, dining, and everyday essentials. Additional features include common laundry facilities, one assigned parking space, and guest parking. A wonderful opportunity to enjoy a beautifully cared-for home in a vibrant community with fantastic amenities and a convenient location. Per the Association, this is a 55+ community and a minimum credit score of 675 is required.
Building health
- Building
- ORIOLE GARDENS 11 CONDO· MLS
- Year built
- 1973· 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
- $518 / 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.)
≈ $1,107/mo
7200 NW 5TH Place 203, Margate, FL 33063 · Margate
Location
7200 NW 5TH Place 203, Margate, FL 33063
What buyers ask about this home
What are the estimated monthly carrying costs at 7200 NW 5TH Place 203, Margate, FL 33063?+
Property tax (after sale): $148/month est.; homeowners insurance: $0/month est.; HOA: $518/month. Fixed ownership costs before a mortgage: $666/month est. Principal and interest: $441/month; PMI: $0/month. Total for the payment scenario shown: $1,107/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 7200 NW 5TH Place 203, 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 7200 NW 5TH Place 203, 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 7200 NW 5TH Place 203, 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 7200 NW 5TH Place 203, 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 7200 NW 5TH Place 203, Margate, FL 33063?+
This listing has been on the market 62 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 · 2.5 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
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.
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Simon Gedz
Realtor® since 1995
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