1 / 12
+7 photosLuxury condo — 7220 Lake Cir Drive 301 · Palm Lakes Condo · Margate
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 7220 Lake Cir Drive 301, 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$105,000
7220 Lake Cir Drive 301, Margate, FL 33063
Margate, FL, 33063
2 bd · 2 ba · 1,110 sqft
Listed by Current Capital Realty
7220 Lake Cir Drive 301, Margate, FL 33063
Listed by Current Capital Realty
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
$1,820/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 $1,820/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: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesBRING ALL OFFERS! Enjoy serene lake views from this beautifully maintained 3rd-floor corner unit with over 1,100 sq. ft. Enjoy a panoramic lake view from the large screened balcony with added privacy from surrounding greenery. Features include a large walk-in closet in the master, in-unit washer/dryer, and extra storage. Inside you'll find painted with large bedrooms and plenty of closets. Pet-friendly (2 pets under 20 lbs). Assigned parking plus guest spaces. Resort-style 55+ community with heated pools, tennis, gym, clubhouse, and on-site management. Conveniently located near Publix, Walgreens, restaurants, shopping, public transit, Sawgrass Expwy & FL Turnpike. Leasing allowed after 1 year. 650+ credit score required.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 12%
The seller has come down from $118,770 to $105,000 — a $13,770 reduction since it came on the market.
129 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
- PALM LAKES CONDO· MLS
- Year built
- 1980· MLS
- Stories
- 4· 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
- Yes· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $764.33 / month · billed Quarterly· 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
Dogs
Welcome here
Cats
Welcome here
Your costs (est.)
≈ $1,820/mo
7220 Lake Cir Drive 301, Margate, FL 33063 · Margate
Location
7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, Margate, FL 33063?+
Property tax (after sale): $182/month est.; homeowners insurance: $329/month est.; HOA: $764/month. Fixed ownership costs before a mortgage: $1,275/month est. Principal and interest: $545/month; PMI: $0/month. Total for the payment scenario shown: $1,820/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 7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, 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 7220 Lake Cir Drive 301, Margate, FL 33063?+
This listing has been on the market 129 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.
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?
$105,000 · MLS A12051076
$105,000
7220 Lake Cir Drive 301
7300 Lake Cir Drive 204, Margate, FL 33063
Listed by Crawford Real Estate Advisory
PALM LAKES CONDO
1 bd · 2 ba · 960 sq ft
$100,000
View details
3450 Pinewalk Drive N 438, Margate, FL 33063
Listed by United Realty Group Inc
CORAL KEY CONDO
2 bd · 2 ba · 1,027 sq ft
$194,000
View details
355 W LAUREL Drive 1N, Margate, FL 33063
Listed by Bergman Realty Group
LAURELS AT MARGATE CONDO
1 bd · 1 ba · 738 sq ft
$125,000
View details
5660 SW 3RD Place 203, Margate, FL 33068
Listed by CENTURY 21 Tenace Realty
MEADOWS CONDO
1 bd · 1 ba · 680 sq ft
$70,000
View details
375 SW 56th Avenue 201, Margate, FL 33068
Listed by LoKation
MEADOWS CONDO
2 bd · 2 ba · 870 sq ft
$149,900
View details
6234 Coral Lake Drive 310, Margate, FL 33063
Listed by Re/Max Rex
CORAL GATE VII CONDO
2 bd · 2 ba · 1,090 sq ft
$180,000
View details