561 Banks Rd is a 1,064 square foot house on a 2,360 square foot lot with 2 bedrooms and 2 bathrooms. - it last sold on August 28, 2007 for $177,000. Based on Redfin's Margate data, we estimate the home's value is $301,016.
Single-familyProperty Type
1981Year Built
2,360 sq ftLot Size
$283Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$301,016
$124K since sold in August 2007$11K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 1.4% higher than the average sale price ($297K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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 Framing Type: Masonry
Building Improvement Type: Single Family
Property Information
Subdivision Name: WOODLAKE ISLES 108-5 B
Living Sq. Ft: 1,064
Gross Sq. Ft: 1,064
Adjusted Gross Sq. Ft: 1,046
Building Sq. Ft: 1,064
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: WOODLAKE ISLES 108-5 B POR TR A DESC AS COMM AT NE COR OF LOT 1 BLK 1 LAKEWOOD GARDENS WLY 118.17,NLY 79.19 TO POB,CONT NLY 32.33,WLY 73 M/L TO ELY SHORELINE OF LAKE,SLY 32.33 M/L, ELY 73 M/L TO POB AKA UNIT 15 BLDG 524
Lot Information
# of Buildings: 1
Land Sq. Ft: 2,360
Legal Lot Number: 1
Legal Block Number: 1
Municipality Name: MARGATE
Acres: 0.0542
Zoning Code: R-3
State Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,064
Stories: 1.0
Lot Size: 2,360 square feet
Style: Single Family Residential
Year Built: 1981
Year Renovated: 1982
County: Broward County
APN: 484231140042
Home facts updated by county records on Jul 30, 2026
Around this home
Schools
Liberty Elementary School
Public PreK-5 • Assigned • 1.3mi
8/10
Margate Middle School
Public 6-8 • Assigned • 1.0mi
5/10
Coconut Creek High School
Public 9-12 • Assigned • 0.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance 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
8/10 Heat Factor
3 days above 106° expected this year, 10 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)
75
58
78
61
81
65
83
71
89
76
90
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91
78
93
78
90
77
85
74
82
67
79
64
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
Estimated sale price
$286,000 – $347,000
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