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About this home

Welcome to Coral Gate! A beautifully sought after, lively 55+ waterfront community. In unit washer & dryer. This clean 2nd floor 2 bedroom 2 bath condo is in move-in condition. Available for immediate occupancy subject to HOA approval. New molding and vinyl flooring, freshly painted, and features a beautiful lake view. The community is conveniently located near HCA Florida Northwest Hospital and Broward Health Coral Springs, providing easy access to major medical services and emergency care. Coral Gate Park is located next door and features three half-court basketball courts, two full-size tennis courts, six pickleball courts, covered sitting areas, covered playgrounds, restrooms, and a rentable pavilion. Community requirements include a minimum 15 percent down payment for financing, a minimum 650 credit score, and a two-year ownership period prior to renting. A roof project is already scheduled to begin this year with no special assessment, as it is fully accounted for in the budget. The primary suite includes a private bath, while the second bedroom is perfect for guests or a home office. Enjoy indoor-outdoor living with serene water views right from your porch—ideal for relaxing or entertaining. Conveniently located near shopping, restaurants, medical and the Coconut Creek Casino

Facts & features

Interior

  • Other
  • Split Bedroom

Appliances

  • Electric Water Heater
  • Dishwasher
  • Dryer
  • Ice Maker
  • Electric Range
  • Refrigerator
  • Washer

Cooling & heating

  • Ceiling Fan(s)
  • Central Air
  • Electric
  • Central
  • Electric

Flooring

  • Tile
  • Vinyl

Parking

  • Open

View

  • Lake
  • Water
  • Lake View

Community amenities

  • Clubhouse
  • Clubhouse-Clubroom
  • Community Room
  • Elevator(s)
  • Exercise Room
  • Storage
  • Heated Pool

Maintenance includes

  • Cable Tv
  • Elevator
  • Maintenance Incl Common Area
  • Internet/WiFi
  • Parking
  • Pest Control Interior
  • Recreation Facilities
  • Reserve Fund
  • Sewer
  • Trash Removal

Pets

  • No
  • Yes

Construction & roof

  • CBS Construction
  • Other Roof/Roof Structure
  • Other

Assigned schools

Elementary

Liberty

Middle

Margate Middle

High

Monarch

School assignments should be independently verified.

Location

6021 Coral Lake Drive, Margate

Mortgage Estimator

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Home priceUSD
Enter as digits, with commas, or shorthand: 1.9M · 1900K · 1,895,000
ZIP codeBroward
Broward County (exact match).
Payment typeFinanced
Conventional or jumbo loan, depending on size.
Down payment20% · $31,600
%
$126,400 financed
Loan termyears
Base rate% (760+ band)
Loading current market rate...
Your rate at 740-759:6.995%(base + 0.12%)
Primary residenceNo
No homestead exemption — full property tax applies.
Credit score banddrives rate
Lenders price LLPA adjustments by credit band. See impact panel for monthly + lifetime deltas.
Your finances optional, for DTI
Gross annual income
$
Other monthly debts
$
Household combined pre-tax income and the sum of your monthly debt-service payments (auto loans, student loans, credit-card minimums). We don't count groceries, utilities, or insurance — those don't factor into lender DTI.
Estimated monthly
$1,853
Per month, all-in
45%P&I SHARE
Monthly breakdown
  • Principal & interest$84145%
  • Property taxes$34419%
  • Insurance$674%
  • HOA$60132%

Tax: From listing — annual tax of record.

Insurance: Inland metro — moderate wind exposure, mature market.

Cash & qualification
Cash at closing
$41,869
Income to qualify
$80,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $11/mo and $3,657 over the life of this loan.

Over the life of the loan
Total paid
$302,586
Total interest
$176,186
Paid off
2056
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