1020 NW 80th Ave # 104, Margate FL 33063 | Broward County | A12031089
- $175,000
- Condominium
- 1
- 2
- 0
- 850 Sq Ft
- $175,000
Description
Beautiful and completely updated 1-bedroom plus den/office condo offering comfort, versatility, and an excellent investment opportunity. The flexible den can be used as a home office, guest space, or additional living area.
The property features a new A/C (2025), new water heater (2025), and the building roof was replaced in 2021, providing added value and peace of mind.
Currently tenant-occupied with an active lease through September 2027. The property is being sold subject to the existing lease, making it an attractive opportunity for investors looking for a property with rental income already in place.
Located in a desirable and well-maintained community, this condo combines a great location, modern updates, and investment potential.
Excellent opportunity to add a tenant-occupied property to your real estate portfolio!
Property Overview
This is a 1-bedroom, 2-bath condominium of about 850 square feet at 1020 NW 80th Ave # 104, Margate FL 33063 (Margate 33063), listed at $175,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $510.
The tax of record is $1,759 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $3,500/yr (≈ $292/mo); with the homestead exemption on a primary residence, about $2,500/yr (≈ $208/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 1020 NW 80th Ave # 104 is $175,000. Fixtures and built-in appliances generally convey with the property, but the MLS record does not state if the home is furnished, so you must confirm exactly which items stay. Shared community amenities include a pool, clubhouse-clubroom, barbecue area, and child play area; these are not owned by the individual unit.
Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify the specific inclusions.
Where exactly is it, and what should I know about the location?
The property is located at 1020 NW 80th Ave # 104, Margate FL 33063, situated within the coastal corridor. This 1bd/2ba unit offers approximately 850 sqft of space for $175,000.
Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify these location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $510. This payment covers all amenities, building exterior, common area, insurance, landscaping/lawn maintenance, and legal/accounting.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances. Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $1,759 (2025). As an ESTIMATE ONLY, since Florida reassesses at sale, the cost at this price and a Miami-Dade rate near 2.0% is about $3,500/yr (≈ $292/mo) without homestead, or about $2,500/yr (≈ $208/mo) with the homestead exemption on a primary residence. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify these details.
Is the home in a flood zone, and what does that mean?
Flood zones indicate the likelihood of flooding in a specific area. You can find FEMA definitions here and View the FEMA flood map for this address. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify the status of this property.
Are pets allowed?
Yes, pets are allowed. If a documented service animal or ESA is involved, separate federal accommodation rules can apply.
Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify the specific details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The $175,000 price for this 850 sqft unit is derived from a CMA focused on the building and surrounding vicinity.
I will provide a Margate-specific CMA before you set an offer to ensure the value is accurate. Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify these details.
What financing step do you recommend before touring?
Obtain a pre-approval before touring 1020 NW 80th Ave # 104 to ensure your budget aligns with the $175,000 list price. Seek the advice of a Florida Licensed Mortgage Loan Officer to confirm your lending terms.
Contact Christopher Lazaro, Margate Real Estate Broker Associate, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $510 / month |
| Total Monthly Fees | $510 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Have a question about this Margate listing?
Talk directly with Christopher Lazaro, your Margate real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 80th Ave
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City: Margate
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State/county: Broward County
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Zip/Postal Code: 33063
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Area: 2 OF PALM SPRINGS 1 CONDO
Details
Updated on September 23, 2026 at 12:39 am-
Property ID A12031089
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Price $175,000
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Property Size 850 Sq Ft
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Bedroom 1
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Room 0
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Bathrooms 2
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Garage 0
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Year Built 1977
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Type Condominium
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Property Status Active, Residential
Additional details
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View Golf View
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Cooling Ceiling Fan(s), Central Air
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Heating Central
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Tax Year 2025
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Flooring Ceramic Floor
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Unit Floor 1
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High School Coconut Crk High
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Unit Number 104
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Building 2 of palm spring condo
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Garage Spaces 0
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Listing Terms All Cash, Conventional, VA Loan
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Area 2 Of Palm Springs 1 Condo
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Total Stories 2
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Waterfront No
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Association Yes
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Full Bathrooms 2
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Half Bathrooms 0
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Covered Spaces 0
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Style Condo 1-4 Stories
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Private Pool No
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Structure Type Condo 1-4 Stories, Condo
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Association Fee 510
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Parking 1 Space, Guest
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Subdivision 2 OF PALM SPRINGS 1 CONDO
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Annual Tax 1759
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Elementary School Atlantic West
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Year Built Details Unknown
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Building Area 850
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Lot Size (Sq Ft) 0
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Flood Zone X
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New Construction No
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Attached Yes
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Bedroom Features At Least 1 Bedroom Ground Level
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Amenities Barbecue, Child Play Area, Clubhouse-Clubroom, Pool
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Restrictions Corporate Buyer OK, Min.Down Payment Req., No Trucks/Rv'S
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Middle School Margate Middle
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Construction Concrete Block Construction
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Pets Allowed Yes
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Association Fee Frequency Monthly
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Association Type Condo
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Maintenance Includes All Amenities, Building Exterior, Common Area, Insurance, Landscaping/Lawn Maintenance, Legal/Accounting
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Membership Purchase Required No
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