NOT LISTED FOR SALE

1171 Banyan Rd Boca Raton, FL 33432

Spanish River Land Neighborhood

Estimated Value: $6,087,631 - $6,662,000

6 Beds
9 Baths
6,559 Sq Ft
$963/Sq Ft Est. Value

Last Sold May 14, 2019

Last sale price $2,654,000 $405 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $37,380/month

258 Days on Market

Highlights

  • Free Form Pool
  • Roman Tub
  • Garden View
  • Boca Raton Community Middle School Rated A-
  • Marble Flooring
  • 4-minute walk to South Inlet Park

About This Home

As of May 2019

Beautiful Mediterranean Style Citadel was built to the highest standards in 2003. This gated estate boasts 5 Bedroom, 6 full and one half baths in the main home plus a full size 1 bedroom 1 bathroom guest house. This stunning residence features custom marble flooring throughout the main living areas, crystal chandeliers, imported wood doors and built in cabinetry, wine room, gourmet European kitchen with stainless steel appliances, Gas stove and electric cooktop, formal dining room with venetian wall finishes, wood blinds throughout, his and her master baths, walk in closets throughout with custom built closet systems, second floor oversized covered patio with spiral staircase to rooftop outdoor hot tub. The exterior features include built in grill and wet bar, cabana bath, large covered

Last Agent to Sell the Property

Greg Lynn

Lynn Realty Group License #545779 Listed on: 07/29/2018

Last Buyer's Agent

Lilli Stevens

Island And Resort Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,822

Year Built

  • Built in 2003

Lot Details

  • 0.37 Acre Lot
  • Fenced
  • Interior Lot
  • Sprinkler System
  • Property is zoned R1A(ci

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 6,559 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Casement Windows
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Den
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Free Form Pool
  • Pool is Self Cleaning

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Spanish River Land Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434729050070042

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,822

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: FROM CAMINO REAL AND A-1-A, GO WEST ON CAMINO REAL, NORTH ON BANYAN ROAD
  • Year Built: 2003
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Garden Tub/Roman Tub, High Ceilings, Pantry, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Marble
  • Living Area: 6559.0
  • Dining Room Type: Den, Great Room, Laundry
  • Stories: 2
  • Window Features: Casement Window(s), Impact Glass

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • View: Garden, Pool
  • Lot Features: Interior Lot, Sprinklers Automatic
  • Pool Features: Cleaning System, Free Form, Heated, Other, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Security Gate, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434729050070042
  • Lot Size Sq Ft: 16001.0
  • Zoning Description: R1A(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 45822.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2023
Sold by
Hwasta Gerald K and Hwasta Erin P
Bought by
Hwasta Gerald K and Hwasta Gerald K
Current Estimated Value
$6,315,158

Purchase Details

Listed on
Jul 29, 2018
Closed on
May 13, 2019
Sold by
Burnham Richard R and Burnham Sally J
Bought by
Hwasta Gerald K and Hwasta Erin P
Seller's Agent
Greg Lynn
Lynn Realty Group
Buyer's Agent
Lilli Stevens
Island And Resort Realty Inc.
List Price
$3,195,000
Sold Price
$2,654,000
Premium/Discount to List
-$541,000
-16.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.63%
Original Mortgage
$250,000
Interest Rate
3.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 6, 2014
Sold by
Burnham Richard R and Burnham Sally J
Bought by
The Richard R Burnham & Sally J Burnham

Purchase Details

Listed on
Feb 21, 2014
Closed on
Apr 12, 2014
Sold by
Wetzl Stefan
Bought by
Burnham Richard R
Seller's Agent
Manuel Gutierrez
Shawn Elliott Luxury Homes & Estates
Buyer's Agent
Mark Dreyer
United Realty Group Inc
List Price
$100,000
Sold Price
$3,000,000
Premium/Discount to List
$2,900,000
2900%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%

Purchase Details

Closed on
May 18, 2005
Sold by
Banyan Road 1171 Lp
Bought by
Wetzl Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 4, 2002
Sold by
Adams Scott E
Bought by
Banyan Road 1171 Ltd Partnership

Purchase Details

Closed on
Mar 16, 2001
Sold by
William D Yahn I
Bought by
Adams Scott E

Purchase Details

Closed on
May 22, 1996
Sold by
Arning Margaret R
Bought by
Yahn William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
8.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hwasta Gerald K -- None Listed On Document
Hwasta Gerald K $2,654,000 Forida Title & Closing Co
The Richard R Burnham & Sally J Burnham -- Attorney
Burnham Richard R $3,000,000 Attorney
Wetzl Stefan -- --
Banyan Road 1171 Ltd Partnership $440,000 --
Adams Scott E $320,000 --
Yahn William D $247,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hwasta Gerald K $2,730,000
Previous Owner Hwasta Gerald K $250,000
Previous Owner Hwasta Gerald K $1,872,500
Previous Owner Wetzi Stefan $1,950,000
Previous Owner Wetzl Stefan $1,000,000
Previous Owner Banyan Road 1171 Lp $100,000
Previous Owner Banyan Road 1171 Lp $400,000
Previous Owner Yahn William D $100,000
Previous Owner Yahn William D $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2019 05/14/19 Sold $2,654,000 -16.9% $405 / Sq Ft
04/14/2019 04/14/19 Pending -- -- --
07/29/2018 07/29/18 For Sale $3,195,000 +6.5% $487 / Sq Ft
04/12/2014 04/12/14 Sold $3,000,000 +2900.0% $457 / Sq Ft
03/13/2014 03/13/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $100,000 -- $15 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $44,803 $2,653,721 -- --
2023 $43,858 $2,576,428 $0 $0
2022 $43,549 $2,501,386 $0 $0
2021 $43,444 $2,428,530 $0 $0
2020 $45,347 $2,533,847 $800,000 $1,733,847
2019 $57,070 $3,053,783 $840,000 $2,213,783
2018 $46,054 $2,617,110 $0 $0
2017 $45,822 $2,563,281 $715,232 $1,848,049
2016 $46,757 $2,549,880 $0 $0
2015 $47,952 $2,486,227 $0 $0
2014 $39,945 $1,966,566 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Lynn

    Seller's Agent in 2019

    Greg Lynn

    Lynn Realty Group

    (561) 212-2024

    2 in this area

    149 Total Sales

    Greg Lynn
    Section Image

  • L

    Buyer's Agent in 2019

    Lilli Stevens

    Island And Resort Realty Inc.

  • Lilli Stevens

    Buyer's Agent in 2019

    Lilli Stevens

    LoKation

    84 Total Sales

    Lilli Stevens
    Section Image

  • M

    Seller's Agent in 2014

    Manuel Gutierrez

    Shawn Elliott Luxury Homes & Estates

  • Fred DeFalco

    Seller Co-Listing Agent in 2014

    Fred DeFalco

    (561) 702-3757

    10 Total Sales

    Fred DeFalco
    Section Image

  • M

    Buyer's Agent in 2014

    Mark Dreyer

    United Realty Group Inc

    (954) 224-8438

    12 Total Sales

    Mark Dreyer
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10451533

BeachesMLS

APN: 06-43-47-29-05-007-0042

Florida Palm Beach County Boca Raton 33432 Spanish River Land

1171 Banyan Rd, Boca Raton, FL

This home is located at 1171 Banyan Rd, Boca Raton, FL 33432 since 29 July 2018 and is currently estimated at $6,315,158, approximately $962 per square foot. This property was built in 2003. 1171 Banyan Rd is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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