$720,000

1640 Presidential Way Unit 501 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated payment $5,563/month

Total Views 257
4 Beds
3.5 Baths
2,821 Sq Ft
$255 Price per Sq Ft

Highlights

  • Popular Property
  • Fitness Center
  • Lake View
  • Doorman
  • Gated Community
  • Clubhouse

About This Home

Imagine living in the largest double penthouse condo at Park Place, over three thousand square feet of pure luxury! This stunning four-bedroom, three-master-bath retreat features two en-suite master bedrooms with spa-like bathrooms-jacuzzi tubs, dual sinks, and huge showers-plus a powder room. Walk-in closets, high ceilings, marble flooring throughout, granite countertops, stainless steel appliances, and impact-resistant glass keep it modern and secure. Step onto not one, but two expansive balconies with breathtaking golf and lake views! Park Place offers resort-style perks: twenty-four-hour security, a sparkling pool, gym, sauna, and clubroom with billiards. Perfectly located-fifteen minutes to pristine beaches, ten to downtown West Palm Beach, right across from Palm Beach Outlets for

Listing Agent

John Trueman

Douglas Elliman License #3020389 Listed on: 12/02/2025

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,038

Year Built

  • Built in 2004

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Deeded Parking
  • Assigned Parking

Property Views

  • Lake
  • Golf Course

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 2,821 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Plantation Shutters
  • Entrance Foyer
  • Family Room
  • Marble Flooring
  • Security Gate

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Schools

  • Roosevelt Elementary School
  • Roosevelt Community Middle School
  • Palm Beach Lakes High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434317280015010

Community Details

Overview

  • 99 Units
  • High-Rise Condominium
  • Park Place Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Game Room
  • Billiard Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,038

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,200 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes to Congress Ave. North on Congress then right on Presidential Way.
  • Year Built: 2004
  • Architectural Style: High Rise, Mediterranean
  • Entry Level: 501
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, Dual Sinks, Entrance Foyer, Garden Tub/Roman Tub, High Ceilings, Jetted Tub, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 3
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Living Area: 2821.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 5
  • Window Features: Impact Glass, Plantation Shutters

Exterior Features

  • View: Golf Course, Lake
  • Pool Features: None, Association, Community
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Deeded, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Door Man, Security Gate, Key Card Entry
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1200.0
  • Community Features: Game Room, Gated, Property Manager On-Site, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Billiard Room, Clubhouse, Fitness Center, Management, Pool, Sauna, Spa/Hot Tub, Trail(s), Trash
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Roosevelt
  • High School: Palm Beach Lakes
  • Middle Or Junior School: Roosevelt Community

Lot Info

  • Parcel #: 74434317280015010
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7038.0

Multi Family

  • Number Of Units In Community: 99

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $6,633 $282,566 -- --
2023 $6,064 $256,878 $0 $0
2022 $5,518 $233,525 $0 $0
2021 $4,866 $220,000 $0 $220,000
2020 $4,589 $215,000 $0 $215,000
2019 $4,265 $200,000 $0 $200,000
2018 $3,602 $160,000 $0 $160,000
2017 $3,305 $145,000 $0 $0
2016 $1,527 $104,780 $0 $0
2015 $1,556 $104,052 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Rent $5,000 0.0% --
12/02/2025 12/02/25 For Sale $720,000 0.0% $255 / Sq Ft
09/01/2022 09/01/22 Rented $5,000 0.0% --
08/02/2022 08/02/22 Under Contract -- -- --
06/28/2022 06/28/22 For Rent $5,000 -28.6% --
02/01/2022 02/01/22 Rented $7,000 +55.6% --
01/02/2022 01/02/22 Under Contract -- -- --
11/30/2021 11/30/21 For Rent $4,500 +104.5% --
03/01/2019 03/01/19 Rented $2,200 -25.4% --
01/30/2019 01/30/19 Under Contract -- -- --
12/07/2018 12/07/18 For Rent $2,950 -- --
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $380,000 Palm Beach Land Title Corp
Corporate Deed $379,900 Trans State Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $342,000 Fannie Mae Freddie Mac
Source: Public Records

Source: BeachesMLS

MLS Number: R11144782

BeachesMLS

APN: 74-43-43-17-28-001-5010

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1640 Presidential Way Unit 501, West Palm Beach, FL

For Sale

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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John Trueman
Listing Agent
John Trueman
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Douglas Elliman
(561) 786-8221