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About this home

Nestled within the highly sought-after Coral Cay Plantation, a beautiful 55+ community in Margate, this meticulously maintained residence offers exceptional quality, comfort, and style. Featuring the largest and most desirable floor plan in the community, providing spacious living areas, thoughtful design, and the perfect setting for relaxed South Florida living. Close to major highways and shopping.

Facts & features

Interior

  • Other

Exterior

  • Tennis Court(s)

Appliances

  • Dryer

Cooling & heating

  • Central Air
  • Central

Flooring

  • Other

Parking

  • Attached Carport
  • Driveway

View

  • None

Maintenance includes

  • Maintenance Incl Common Area
  • Maintenance Incl Security
  • Maintenance Incl Trash

Construction & roof

  • Aluminum Siding
  • Shingle

Location

6515 Colonial Dr, 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% · $25,980
%
$103,920 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
$2,248
Per month, all-in
31%P&I SHARE
Monthly breakdown
  • Principal & interest$69131%
  • Property taxes$1426%
  • Insurance$552%
  • HOA$1,36060%

Tax: Broward County effective rate (1.31%). Source: FL Department of Revenue. Listing tax released — likely a lot-only new-construction assessment.

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

Cash & qualification
Cash at closing
$35,733
Income to qualify
$97,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $8/mo and $3,007 over the life of this loan.

Over the life of the loan
Total paid
$248,772
Total interest
$144,852
Paid off
2056
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The data relating to real estate for sale on this web site comes in part from the participants of the Miami Association of REALTORS® IDX program. Information is deemed reliable but not guaranteed. Listings displayed may not reflect all real estate activity in the market. Copyright © 2026 Miami Association of REALTORS®. All rights reserved.