$132,500
SOLD FEB 24, 2014

1640 Presidential Way Unit 507 West Palm Beach, FL 33401

Banyan Cay Neighborhood
3 Beds
2 Baths
1,638 Sq Ft
$471/mo HOA Fee

Recently Sold

$81 Per Sq Ft

2% Below List Price

36 Days on Market

Highlights

  • 43,560 Sq Ft lot
  • Community Pool
  • Central Heating and Cooling System
  • Great Room
  • Ceramic Tile Flooring
  • West Facing Home

About This Home

As of June 2025

Beautiful upgraded condo located near downtown West Palm Beach. The interior has upgraded flooring. Beautiful granite kitchen with stainless steel appliances. Top floor unit.

Last Agent to Sell the Property

Scott Hamilton

United Realty Consultants License #3225610 Listed on: 12/19/2013

Last Buyer's Agent

MINE PARK

United Realty Group Inc License #3018922

United Realty Group Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,731

Year Built

  • Built in 2004

HOA Fees

  • $471 Monthly HOA Fees

Interior Spaces

  • 1,638 Sq Ft Home
  • Great Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Exterior Lighting
  • West Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434317280015070

Community Details

Overview

  • Association fees include management, common areas, insurance, ground maintenance, maintenance structure, parking, pest control, roof, security, water
  • Park Place Condo Subdivision
  • 5-Story Property

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,731

Year Built

Built in 2004

Lot Details

0

HOA Fees

$471 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes Blvd, east of I-95 to N Congress Ave, North to Presidential Way
  • Year Built: 2004
  • Special Features: RealEstateOwned

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Tile
  • Living Area: 1638.0
  • Dining Room Type: Great Room
  • Stories: 5

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: West

Garage/Parking

  • Garage Yn: No

Utilities

  • Green Building Features: Exterior Lighting
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 471.0
  • Community Features: Fitness, Pool
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Roof, Security, Water

Lot Info

  • Parcel #: 74434317280015070
  • Lot Size Sq Ft: 43560.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1731.0

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: R10002193

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 $132,500, approximately $80 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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