NOT LISTED FOR SALE

BANYAN HOUSE 1225 S Ocean Blvd Unit 705 Floor 7 Delray Beach, FL 33483

Beachside Delray Beach Neighborhood

Estimated Value: $1,311,000 - $3,066,000

2 Beds
2.5 Baths
1,911 Sq Ft
1967 Built

Sale Details

Date Sold: May 16, 2024

Last sale price $1,700,000 $890 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,902 / mo

33 Days on Market

Highlights

  • Direct Ocean View
  • Waterfront
  • Community Pool
  • Active Adult
  • Soaking Tub and Shower Combination in Primary Bathroom
  • 4-minute walk to Atlantic Dunes Park

About This Home

As of May 2024

Indulge in the breathtaking oceanfront views from this magnificent 2 bedroom, 2 1⁄2 bathroom condo in the heart of Delray Beach. A paradise awaits as every room possesses oceanfront views, seamlessly merging indoor elegance with the boundless beauty of the sea. Enjoy peace of mind with 24-hour front desk security, always ensuring your comfort and safety. Your convenience is further assured with a designated, covered parking space, adding ease to your daily routine. Step onto your private wraparound balcony and immerse yourself in the splendor of the surrounding panorama. Marvel at the glistening pool below, framed by sweeping ocean vistas stretching as far as the eye can see in every direction - a sight that promises endless moments of tranquility and awe. This home offers endless possibilities for customization, allowing you to tailor it to your unique vision and preferences. Whether you envision subtle enhancements or bold transformations, this is your canvas to create the coastal retreat of your dreams. Located less than 2 miles from the vibrant Atlantic Avenue, the heartbeat of Delray Beach, you'll have unparalleled access to a world of culinary delights, eclectic shops, and cultural experiences. Embrace the coastal lifestyle and make every day a celebration of sun, sand, and sophistication in this unparalleled oceanfront sanctuary.

Last Buyer's Agent

Nancy Merritt

South Florida Realty Group & Property Management LLC License #132172

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,640

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • East Facing Home

HOA Fees

  • $1,799 Monthly HOA Fees

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 1,911 Sq Ft Home
  • Formal Dining Room
  • Storage Room
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Parquet
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • Walk-In Closet
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Parking

  • 1 Parking Space
  • 1 Carport Space

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434621180000400

Community Details

Overview

  • Active Adult
  • Banyan House Condo Subdivision
  • Mandatory home owners association
  • The community has rules related to no recreational vehicles or boats
  • 11-Story Property

Amenities

  • Secure Lobby
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Complete Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,640

Year Built

Built in 1967

Lot Details

0 Sq Ft Lot

HOA Fees

$1,799 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Directions: Linton Blvd to AIA, North 1 Block to Banyan House
  • Entry Level: 7
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Building Stories: 11
  • Structure Type: Condo
  • Subdivision Name: BANYAN HOUSE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 1700000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 11

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Electric Range, Refrigerator
  • Interior Amenities: Elevator, Stacked Bedroom, Walk-In Closet(s), Storage
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Concrete, Parquet
  • Furnished: Unfurnished
  • Living Area: 1911
  • Other Equipment: Elevator
  • Stories: 11
  • Window Features: Complete Impact Glass
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Formal Dining
  • Living Room Features: Storage Room
  • Master Bathroom Features: Shower Only, Tub Only

Exterior Features

  • View: Direct Ocean
  • Construction Type: Concrete Block Construction
  • Direction Faces: East
  • Other Structures: Livable
  • Pool Features: Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: No Rv/Boats
  • Total Parking Spaces: 1

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Elevator
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Security System, Lobby Secured
  • Utilities: Sewer Connected, Water Connected, Sewer Available, Water Available

Condo/Co-op/Association

  • Association Fee: 1799
  • Amenities: Community Pool, Elevator(s), Pool, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Buyer Approval Required, Mandatory Hoa, Pool
  • Senior Community: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 12434621180000400
  • Zoning: RM

Rental Info

  • Pets Allowed: No, Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5640

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
May 15, 2024
Sold by
Bought by
Buyer's Agent
Nancy Merritt
South Florida Realty Group & Property Management LLC
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%
Current Estimated Value
$1,968,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,571
Avg. Annual Appreciation
7.03%

Purchase Details

Closed on
Jun 30, 2021
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 None Listed On Document
-- Attorney
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/16/2024 05/16/24 Sold $1,700,000 -19.0% $890 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $2,100,000 -- $1,099 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,638 $1,350,000 -- --
2024 $5,638 $348,256 -- --
2023 $5,641 $338,113 $0 $0
2022 $5,711 $328,265 $0 $0
2021 $5,718 $318,704 $0 $0
2020 $5,678 $314,304 $0 $0
2019 $5,599 $307,238 $0 $0
2018 $5,356 $301,509 $0 $0
2017 $5,337 $295,308 $0 $0
2016 $5,361 $289,234 $0 $0
2015 $5,503 $287,223 $0 $0
2014 $5,536 $284,943 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2024

    Nancy Merritt

    South Florida Realty Group & Property Management LLC

    (561) 789-7982

    3 in this area

    10 Total Sales

    Nancy Merritt
    Section Image
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About BANYAN HOUSE

Map

Source: MIAMI REALTORS® MLS

MLS Number: R10968777

MIAMI REALTORS® MLS

APN: 12-43-46-21-18-000-0400

Florida Palm Beach County Delray Beach 33483 Beachside Delray Beach

1225 S Ocean Blvd Unit 705, Delray Beach, FL

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.

MIAMI REALTORS® MLS 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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