550 NW 78th Terrace 205, Margate, FL 33063

New Listing

$55,000

Virtual Tour

https://www.propertypanorama.com/550-NW-78th-Terrace-Unit-205-Margate-FL-33063/unbranded

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 735 Status: Active

Current Price: $55,000 List Date: 4/16/2026 Last Modified: 4/16/2026

Overview

Description

This 55+ condo in the heart of Margate offers a fantastic opportunity for those looking to create a space tailored to their specific taste. As a "diamond in the rough," this unit is perfect for a handy buyer or investor ready to build immediate equity. The interior features a spacious, sun-filled layout that provides a solid foundation for your personalized updates. While the property requires cosmetic work—including flooring, paint, and a kitchen refresh—it is priced to sell and reflects its significant potential. Residents of this quiet community enjoy a relaxed lifestyle with access to excellent amenities like a clubhouse and a sparkling pool. Sold as-is, this represents a rare chance to secure a property at a competitive price point. Schedule your showing today!

Listing Details MLS# B26016345

General Property Information

Unit Floor #: 2
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: Yes
Building Area Main: 735
Building Area Source: Assessor
Living Area Main: 735
Living Area Source: Assessor
Adjusted Area Main: 735
Accessibility Features YN: No
Year Built: 1974
Parking Total: 2
Gated Community YN: No
Senior Community YN: Yes
Land Lease YN: No
Stories Total: 2
Stories: Yes
Direction Faces: West
Fireplace YN: No
Pool Private YN: No
Furnished: Partially
Washer/Dryer Allowed YN: No
LP/Assessed Value: 1.55
Lot Size Area: 0

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Maintenance Grounds; Maintenance Structure; Pool Service; Roof Repairs; Trash; Water Exterior Features: None Flooring: Carpet; Tile; Vinyl Parking Features: Assigned; Common Property Condition: Resale Special Listing Conditions: Standard Appliances: Electric Range; Refrigerator; Water Heater Water Heater Details: Electric Water Heater Construction Materials: Block; Stucco Cooling: Ceiling Fan(s); Central Air Association Type: Condominium Heating: Central; Other Interior Features: Other Laundry Features: Common Area Listing Terms: Cash Pets Allowed YN: No Possession: Other Restrictions: Parking - No Trailer Roof: Other Security Features: None Sewer: Public Sewer Special Information: Sold As-Is Structure Type: Multi Family Tax Information: No Homestead Unit Description: Exterior Catwalk; Patio/Cluster Utilities: Cable Available View: Other Water Source: Public Showing Requirements: Lockbox; See Remarks Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 55000
Occupant Type: Vacant
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 550
Street Direction Prefix: NW
Street Name: 78th
Street Suffix: Terrace
Unit Number: 205
City Name: Margate
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33063
Postal Code +4: 4179
Postal Zip: 33063
Subdivision Name: ORIOLE GARDENS TWO 51 CONDO
Development Name: Oriole Gardens 2
Area: 3632
Geographic Area: NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School: Atlantic West
Middle Or Junior School: Margate
High School: Coconut Creek
Special Assessment YN: No
Parcel Number: 484135ka0130
Zoning: R-3A
Flood Zone: X
Subdivision Number: 0

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 495
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Association Name: Orio Gardens II Condominium association.
Association Phone: 954-972-3410
Association Email: oriolegardens2@gmail.com
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 495
Membership Fee Required YN: No
Tax Annual Amount: 526.49
Tax Year: 2025
Tax Assessed/SOH Value: 35470
Tax Legal Description: ORIOLE GARDENS TWO 51 CONDO UNIT 205 PER CDO BK/PG: 5944/169
Assessor Market Value: 82740

Status Change Information

Major Change Timestamp: 2026-04-16T18:13:05Z
Major Change Type: New Listing
Status Change Date: 2026-04-16

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: 2
Entry Location: Second Floor Entry

Capital Contributions

Capital Contributions YN: No

Co-Ownership

Property Management YN: No

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Showing Details

Pet(s) on Premises: No

Price Calculations

Current Price To SqFt: 74.82

Originating Details

Originating System Key: 20260416175431272551000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Information

3-4 Weeks Approval: Yes

Amenities

Clubhouse: Yes
Laundry: Yes
Parking: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Common Areas: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pool Service: Yes
Roof Repairs: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Exterior Features

None: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Parking Features

Assigned: Yes
Common: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Possession

Other: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

View

Other: Yes

Heating

Central: Yes
Other: Yes

Unit Description

Exterior Catwalk: Yes
Patio/Cluster: Yes

Appliances

Electric Range: Yes
Refrigerator: Yes
Water Heater: Yes

Construction Materials

Block: Yes
Stucco: Yes

Interior Features

Other: Yes

Laundry Features

Common Area: Yes

Listing Terms

Cash: Yes

Roof

Other: Yes

Security Features

None: Yes

Water Source

Public: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Lockbox: Yes
See Remarks: Yes

Master Bedroom/Bath

Other: Yes

Pets Allowed YN

No: Yes

Restrictions

Parking - No Trailer: Yes

Tax Information

No Homestead: Yes

Room Types

Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Listing Office: Blue Lion Realty

Last Updated: April - 16 - 2026

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550 NW 78th Terrace 205, Margate, FL 33063 (MLS# B26016345)