$188,500
SOLD JAN 26, 2021

1640 Presidential Way Unit 507 West Palm Beach, FL 33401

Banyan Cay Neighborhood
3 Beds
2 Baths
1,638 Sq Ft
$566/mo HOA Fee

Recently Sold

$115 Per Sq Ft

4% Below List Price

48 Days on Market

Highlights

  • Gated Community
  • Marble Flooring
  • Community Pool
  • Clubhouse
  • Sauna
  • Walk-In Closet

About This Home

As of June 2025

Amazing city and new Golf Course views.Nicely decorated unit in luxury condo building with high-end finishes. This unit features an open balcony, high ceilings, ample closets, granite countertops, new stainless steel appliances, ,wine cooler,laminate floors. The master suite includes an extra large bedroom, walk-in closets, en-suite bathroom featuring double sinks, and separate oversized shower. Enjoy the community's pool, spacious gym and sauna. This property is centrally located to the best restaurants, entertainment,, attractions, I-95, Palm Beach International Airport, Downtown West Palm Beach, and the Palm Beach Outlets which is in walking distance. Owner occupied Appointment required. All measurements are approximate.

Last Agent to Sell the Property

Murat Egelierler

Partnership Realty Inc. License #3322187 Listed on: 11/08/2020

Last Buyer's Agent

Michael Riordan

Century 21 Realty Professionals License #3316837

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,216

Year Built

  • Built in 2004

HOA Fees

  • $566 Monthly HOA Fees

Interior Spaces

  • 1,638 Sq Ft Home
  • Furnished or left unfurnished upon request

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317280015070

Community Details

Overview

  • Association fees include common areas, maintenance structure, sewer, security, trash, water
  • Park Place Condo Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,216

Year Built

Built in 2004

Lot Details

0

HOA Fees

$566 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I-95 to Palm Beach Lakes then go North onto North Congress Avenue and right onto Presidential Way.
  • Year Built: 2004
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Tile, Laminate, Marble
  • Living Area: 1638.0
  • Dining Room Type: Laundry
  • Stories: 5

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Association Fee: 566.0
  • Community Features: Clubhouse, Gated, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Clubhouse, Management, Pool, Sauna, Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434317280015070
  • Zoning Description: MF32
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2216.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Jun 11, 2025
Sold by
Galindo Rudolph Raphael
Bought by
Caraballo Guerrero Francisco and Caraballo Alejandra Mayra
Seller's Agent
Devin Cobb
Keller Williams Elite Realty
List Price
$295,000
Sold Price
$290,000
Premium/Discount to List
-$5,000
-1.69%
Views
53
Current Estimated Value
$312,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,636
Avg. Annual Appreciation
30.79%
Original Mortgage
$10,000
Outstanding Balance
$9,384
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$303,252

Purchase Details

Listed on
Nov 8, 2020
Closed on
Jan 26, 2021
Sold by
Bk Investment Group Llc
Bought by
Galindo Rudolph Raphael
Seller's Agent
Murat Egelierler
Partnership Realty Inc.
Buyer's Agent
Michael Riordan
Century 21 Realty Professionals
List Price
$195,500
Sold Price
$188,500
Premium/Discount to List
-$7,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.34%
Original Mortgage
$171,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2020
Sold by
Kiris Bilhan
Bought by
Bk Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.72%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 16, 2014
Sold by
Hsbc Bank Usa National Association
Bought by
Kiris Bilhan
Seller's Agent
Scott Hamilton
United Realty Consultants
Buyer's Agent
MINE PARK
United Realty Group Inc
List Price
$134,900
Sold Price
$132,500
Premium/Discount to List
-$2,400
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Oct 8, 2013
Sold by
Jones Danny J and Thompson Matthew M
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 17, 2005
Sold by
1600 Presidential Way Llc
Bought by
Thompson Matthew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,950
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $290,000 Ocean Title & Escrow
Warranty Deed $290,000 Ocean Title & Escrow
Warranty Deed $188,500 Partnership T&E Llc
Warranty Deed -- Attorney
Special Warranty Deed $132,500 Servicelink
Trustee Deed $59,900 None Available
Warranty Deed $268,900 Statewide Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000 New Conventional
Closed $10,000 New Conventional
Open $275,500 New Conventional
Closed $275,500 New Conventional
Previous Owner $171,000 New Conventional
Previous Owner $75,000 Future Advance Clause Open End Mortgage
Previous Owner $288,000 Balloon
Previous Owner $226,950 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Sold $290,000 -1.7% $177 / Sq Ft
09/12/2024 09/12/24 For Sale $295,000 +56.5% $180 / Sq Ft
01/26/2021 01/26/21 Sold $188,500 -3.6% $115 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
11/08/2020 11/08/20 For Sale $195,500 +47.5% $119 / Sq Ft
02/24/2014 02/24/14 Sold $132,500 -1.8% $81 / Sq Ft
01/25/2014 01/25/14 Pending -- -- --
12/19/2013 12/19/13 For Sale $134,900 -- $82 / 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 $3,661 $211,141 -- --
2023 $3,558 $204,991 $0 $0
2022 $3,504 $199,020 $0 $0
2021 $3,197 $138,000 $0 $138,000
2020 $2,216 $134,000 $0 $134,000
2019 $2,245 $134,211 $0 $0
2018 $2,080 $131,709 $0 $0
2017 $2,026 $129,000 $0 $0
2016 $2,182 $134,000 $0 $0
2015 $3,095 $129,000 $0 $0
2014 -- $115,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Devin Cobb

    Seller's Agent in 2025

    Devin Cobb

    Keller Williams Elite Realty

    (561) 325-9594

    1 in this area

    29 Total Sales

    Devin Cobb
    Section Image

  • M

    Seller's Agent in 2021

    Murat Egelierler

    Partnership Realty Inc.

    (561) 633-1283

    10 in this area

    35 Total Sales

    Murat Egelierler
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Riordan

    Century 21 Realty Professionals

  • S

    Seller's Agent in 2014

    Scott Hamilton

    United Realty Consultants

    (954) 868-5555

    9 Total Sales

    Scott Hamilton
    Section Image
  • MINE PARK

    Buyer's Agent in 2014

    MINE PARK

    United Realty Group Inc

    (561) 866-7534

    26 Total Sales

    MINE PARK
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10669673

BeachesMLS

APN: 74-43-43-17-28-001-5070

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1640 Presidential Way Unit 507, West Palm Beach, FL

This home is located at 1640 Presidential Way Unit 507, West Palm Beach, FL 33401 and is currently priced at $188,500, approximately $115 per square foot. This property was built in 2004. 1640 Presidential Way Unit 507 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Roosevelt Middle School, and Palm Beach Lakes 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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