Google street view image for 491 Banks Rd, Margate, FL 33063

Off Market Jan 1986 for $1.3M

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Est. refi paymentEst. refi $10,774/mo

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•

— ba

•

40,553

sq ft

491 Banks Rd, Margate, FL 33063

About this home

491 Banks Rd is a 40,553 square foot multi-family home on a 2.65 acre lot. - it last sold on January 01, 1986 for $1,325,000.

Multi-familyProperty Type

1974Year Built

2.65 acresLot Size

$33Price/Sq.Ft.

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 33063, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.0%

+0.3% MoM

Median sale price

$323K

$23K MoM

Avg. days on market

90d

2 days MoM

Recently sold homes

193

35 MoM

New listings for sale

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3 beds2.5 baths1,588 sq ft
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OPEN SUN, 2:30PM TO 4:30PM
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1 bed2 baths850 sq ft
7610 NW 18th St #104, Margate, FL 33063
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2 beds2.5 baths1,269 sq ft
4874 N Hemingway Cir, Margate, FL 33063
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$90,000
2 beds2 baths958 sq ft
3090 Holiday Springs Blvd #105, Margate, FL 33063
NEW 21 HRS AGO
$175,000
2 beds2 baths815 sq ft
5510 Lakeside Dr #108, Margate, FL 33063
(954) 281-9543
NEW 23 HRS AGO
$235,000
2 beds2 baths982 sq ft
3459 Cocoplum Cir #3430, Coconut Creek, FL 33063
NEW 29 HRS AGO
$690,000
5 beds2 baths2,548 sq ft
6921 NW 5th Ct, Margate, FL 33063
(561) 355-0270
EARLY ACCESS
$114,999
1 bed2 baths720 sq ft
6800 Royal Palm Blvd Unit 207F, Margate, FL 33063
OPEN TODAY, 1PM TO 4PM
$575,000
3 beds2 baths1,482 sq ft
6965 NW 29th Ct, Margate, FL 33063
$150,000
2 beds2 baths990 sq ft
7500 NW 5th Ct #108, Margate, FL 33063
See all

Provided by Redfin

Sale history for 491 Banks Rd

Year

Property tax

Land + Additions

Assessment*

2025

$139,170 (+9.3%)

2024

$127,342 (+4.2%)

2023

$122,221 (+10.7%)

2022

$110,423 (+8.1%)

$806,800 + $3,658,500

$4,465,300

2021

$102,109 (+2.0%)

$806,800 + $3,256,380

$4,063,180

2020

$100,113 (+3.1%)

$806,800 + $3,171,420

$3,978,220

2019

$97,136 (+13.2%)

2018

$85,818 (+3.1%)

2017

$83,257 (+4.2%)

$806,800 + $2,484,600

$3,291,400

2016

$79,863

2015

$79,847 (+8.7%)

2014

$73,485 (+1.4%)

2013

$72,456 (+7.2%)

2012

$67,596 (+26.5%)

2011

$53,456

Tax history for 491 Banks Rd

Year

Property tax

Land + Additions

Assessment*

2025

$139,170 (+9.3%)

2024

$127,342 (+4.2%)

2023

$122,221 (+10.7%)

2022

$110,423 (+8.1%)

$806,800 + $3,658,500

$4,465,300

2021

$102,109 (+2.0%)

$806,800 + $3,256,380

$4,063,180

2020

$100,113 (+3.1%)

$806,800 + $3,171,420

$3,978,220

2019

$97,136 (+13.2%)

2018

$85,818 (+3.1%)

2017

$83,257 (+4.2%)

$806,800 + $2,484,600

$3,291,400

2016

$79,863

2015

$79,847 (+8.7%)

2014

$73,485 (+1.4%)

2013

$72,456 (+7.2%)

2012

$67,596 (+26.5%)

2011

$53,456

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

R-3

Multiple Dwelling District

The purpose of these regulations is to provide for development standards for properties within the R-3 District.

Permitted uses

Include but are not limited to:

Assembly/ meeting place
Community / recreation center
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational/school
Recreation
Park & open space

Property details

Exterior

Exterior Information
Physical Condition: Average
Foundation Type: Stem Wall
Construction Type: Concrete
Building Construction Quality: Average
Exterior Wall: Cbs/Holw Tile/Fr/Stud/Sheat/Sd
Roof Covering Type: Asphalt/Composition Shingle
Roof Framing Type: Masonry
Roof Shape Type: Asphalt/Composition Shingle
Building Improvement Type: Apartment

Property Information
Subdivision Name: LAKEWOOD GARDENS 78-2 B
Adjusted Gross Sq. Ft: 40,553
# of Stories: 1
Legal Description: LAKEWOOD GARDENS 78-2 B LOTS 1,2,3,4 & 5 BLK 1

Lot Information
# of Buildings: 1
Land Sq. Ft: 115,257
Legal Lot Number: 1
Legal Block Number: 1
Municipality Name: MARGATE
Acres: 2.6459
Zoning Code: R-3
State Use Description: MULTI-FAM 10+ UNITS

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: —
Sq. Ft.: 40,553
Stories: 1.0
Lot Size: 2.65 acres
Style: Multi-Family (5+ Unit)
Year Built: 1974
Year Renovated: 1985
County: Broward County
APN: 484231030010

Home facts updated by county records on Jul 30, 2026

Around this home

Schools

Liberty Elementary School

Public PreK-5 • Assigned • 1.4mi

8/10

Margate Middle School

Public 6-8 • Assigned • 1.0mi

5/10

Coconut Creek High School

Public 9-12 • Assigned • 0.9mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

9/10 Heat Factor

7 days above 106° expected this year, 23 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Margate, FL • 33063

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.3 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

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Home values near 491 Banks Rd

Data from public records.

Address	Redfin Estimate
491 Banks Rd Apartment 491-5, Margate, FL 2 Beds \| 1 Baths \| - Sq. Ft.	$85,235
491 Banks Rd Apartment 491-6, Margate, FL 2 Beds \| 1 Baths \| 764 Sq. Ft.	$84,505

Address	Redfin Estimate
491 Banks Rd Apartment 491-1, Margate, FL 2 Beds \| 1 Baths \| 875 Sq. Ft.	$109,762
491 Banks Rd Apartment 491-2, Margate, FL - Beds \| - Baths \| - Sq. Ft.	$223,735

Address	Redfin Estimate
491 Banks Rd Apartment 491-8, Margate, FL - Beds \| - Baths \| - Sq. Ft.	$257,830
804 Banks Rd, Coconut Creek, FL 2 Beds \| 2 Baths \| 1224 Sq. Ft.	$307,493

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GreatSchools Ratings provided by GreatSchools.org.

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