5620 SW 3rd Pl # 114, Margate FL 33068, MARGATE, FL, 33068
Active198 days on marketListed Jan 22, 2026MLS #A11948529
About this home
5620 SW 3rd Pl # 114, Margate FL 33068
Move-in ready 1-bedroom, 1-bath renovated condominium offering 680 square feet of comfortable living space in a well-maintained 55+ community. This desirable first-floor unit features an enclosed patio / Florida room, providing flexible additional living space for relaxation, hobbies, or storage. The residence has been recently renovated with a new kitchen and new bathroom, and is offered in turnkey condition. The spacious primary bedroom includes a walk-in closet plus two additional oversized built-in closets, offering exceptional storage rarely found in a one-bedroom unit. An open living and dining area creates an easy, functional layout ideal for everyday living. The unit is fully furnished and equipped, making it well-suited for full-time or seasonal occupancy. One assigned parking space is included, along with abundant guest parking and exterior bicycle storage for added convenience. Water is included in the monthly condominium fee. Residents enjoy an active lifestyle with access to a heated pool, tennis and pickleball courts, shuffleboard, bocce, BBQ area, clubhouse, fitness room, billiards, library, and a full calendar of social activities, all surrounded by mature landscaping and garden pathways. Conveniently located near shopping, dining, major highways, and approximately 6 miles from the beach and airport. Rentals permitted with restrictions.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
680
Sqft
1975
Year built
1
Levels
$181
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,413 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,413/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+19.5%
$/sqft vs MEADOWS CONDO
$181 vs $169
Days on market
198 vs 76 typical
Where $181/sqft sits among the 8 homes for sale in MEADOWS CONDO
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside The Meadows
Get to know Margate. See the full Margate guide →
The Meadows — neighborhood snapshot
Population
1,235
Median age
36
Median income
$42,969
Median home value
$254,900
Avg household
2
Households w/ children
158
For the school run
Broward County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Margate market
$465K → $338K
Margate median sold, yr/yr
98.8%
Sale-to-list ratio (12 mo)
0 of 8
MEADOWS CONDO have cut their price
Median sold price, Margate, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 37% below the MARGATE 33068 median. See the full Margate market guide →
Paper trail
This home's history
Reality check
What actually sold near 5620 SW 3rd Pl # 114
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$67,000
5620 SW 3rd Pl # 204, Margate FL 33068 · same community
1 bd · 1 ba · 680 sqft · $99/sqft · 287 DOM
Sold · May ’26$60,000
375 SW 56th Avenue # 103, Margate FL 33068 · same community
1 bd · 1 ba · 680 sqft · $88/sqft · 10 DOM
Sold · May ’26$75,000
5681 SW 2nd Ct # 105, Margate FL 33068 · same community
1 bd · 1 ba · 680 sqft · $110/sqft · 43 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5620 SW 3rd Pl # 114 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5620 SW 3rd Pl # 114 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5620 SW 3rd Pl # 114 FAQs
What would the monthly payment be for 5620 SW 3rd Pl # 114, Margate FL 33068?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,413/mo — principal and interest, the actual property-tax bill, the $412/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5620 SW 3rd Pl # 114, Margate FL 33068?+
The association fee works out to $412 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5620 SW 3rd Pl # 114, Margate FL 33068?+
The most recent tax bill on record (2025) was $745. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5620 SW 3rd Pl # 114, Margate FL 33068?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Margate?+
At $123,000, this home is listed about 25% below the Margate median of $165,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5620 SW 3rd Pl # 114, Margate FL 33068?+
Margate Middle School (middle), Coconut Creek High School (high), Liberty Elementary School (elementary) — Broward County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the MARGATE 33068 market on paper
$123,000 is 37% below the MARGATE 33068 median of $196,500, and at $181/sqft it sits under the Margate average of $238.
02None views
The none view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
198 days on market against a Margate median of 76 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $129,000, now $123,000 — a $6K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Real Broker LLC · Christopher Lazaro. MLS #A11948529.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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