If you’re looking for an updated and spacious condo in the heart of Margate, look no further. This 1-bedroom, 1.5-bathroom home is the perfect opportunity for those seeking a comfortable and convenient living space. With a range of desirable features and amenities, this property offers an excellent investment opportunity for homeowners.
One of the standout features of this Margate home is the recently installed new AC and duct work, ensuring you can enjoy optimal comfort year-round. The updated and modernized interiors create a welcoming atmosphere, while the screened-in patio provides a relaxing space to unwind after a long day.
Residents of this condo will also have access to a great clubhouse, which boasts a pool, tennis courts, and basketball courts. Additionally, there is a well-equipped workout room, perfect for those who prioritize an active lifestyle. Whether you’re looking to relax by the pool, engage in a friendly game of tennis, or maintain your fitness routine, this property has it all.
Another advantage of this Margate home is its proximity to the area’s attractions. The beautiful beaches are just a short drive away, making it easy to enjoy the sun, sand, and surf whenever you desire. Additionally, shopping enthusiasts will appreciate the convenience of nearby shopping centers, offering a wide range of retail options. When it comes to dining and entertainment, Margate boasts an array of restaurants and nightlife options, ensuring you’ll never be short of things to do.
With a low HOA, this property offers an affordable living option. However, it’s important to note that the association requires prospective buyers to meet certain criteria. This includes a minimum credit score of 650 and 18 months of condo dues paid at closing. Furthermore, buyers must commit to owning the property for at least three years before leasing it to others. These requirements are in place to maintain the integrity and stability of the community and to ensure a positive living experience for all residents.
Additionally, the buyer’s debt-to-income ratio must be 40% or lower, ensuring that they are financially capable of maintaining their obligations and enjoying the benefits of homeownership.
Overall, this Margate home offers an excellent opportunity to own a spacious and updated condo in a prime location. With its desirable features, including new AC, a screened-in patio, and access to a great clubhouse, this property is perfect for those seeking a comfortable and convenient lifestyle. Its proximity to beaches, shopping centers, and restaurants/nightlife ensures that residents will have everything they need within reach. Don’t miss out on this incredible opportunity – schedule a viewing today and discover the potential of this Margate home!
470 N Laurel Dr, Margate, FL 33063