BANKS RD, MG, FL 33063
Parcel: 484231030090 · 08 · Zoning:
Assessed Value (2026)
$976,480
Property Details
Year Built
1969
Lot Sqft
25,342
Sales History
1
$1,449,000
2008-01-16
2
$100non-market transfer
2019-11-18
3
$3,250,000
2020-12-14
Tax Assessment History
$976,480
Assessed (2026)
$976,480
Market Value
$976,480
Taxable Value
$19,880
Annual Tax
2025
$2,063,374
$0
2026
$976,480
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $976,480 | $976,480 | $976,480 | $19,880 | $177,390 | $799,090 |
| 2025 | $2,063,374 | $ | $936,850 | $19,074 | $177,390 | $759,460 |
About BANKS RD, MG, FL 33063
BANKS RD, MG, FL 33063 is a property built in 1969 on a 25,342 square foot lot. The property is currently owned by MARGATE APARTMENTS LLC, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2020-12-14 for $3,250,000. The property has appreciated $3,249,900 (3249900%) since the prior sale of $100 on 2019-11-18. There are 3 recorded sales for this property.
The 2026 assessed value is $976,480 with a market value of $976,480. This breaks down to $177,390 for the land and $799,090 for the building. The assessed value decreased 53% from $2,063,374 in 2025.
There are active mortgage liens totaling $22,072,908 recorded against this property. BANKS RD, MG, FL 33063 is located in MG, Florida. Property records, tax assessments, sales history, and ownership information for this MG property are sourced from broward County public records.
The complete ownership history of this property spans from 2008 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 30% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..
Current Owner
MARGATE APARTMENTS LLC
451 BANKS RD #1, MARGATE, FL, 33063
Since: 2026-03-29
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Est. Annual Insurance
$11,531 — $21,208
Flood $400 — $800
Property/Wind $11,131 — $20,408
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood 33063
73.8%
Owner-Occ
26.2%
Investor
262
Flips (4yr)
6,072
New Biz (3yr)
Distress Risk
HIGH
64
Mortgages
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE
$2,437,500
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
ACTIVE 2.96% rate
$2,437,500
~$10,225/mo est. payment
CITY NATIONAL BANK OF FLORIDA · 2021-08-02
Est. Total Balance $22,072,908
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.