NOT LISTED FOR SALE

1640 Presidential Way Unit 509 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $292,000 - $341,000

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

Last Sold September 14, 2021

Last sale price $240,000 $147 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,652/month

18 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Fruit Trees
  • Heated Pool
  • Golf Course View
  • Clubhouse

About This Home

As of September 2021

WAIT NO LONGER! THIS HIGHLY ANTICIPATED (CORNER) PENTHOUSE UNIT IS NOW AVAILABLE! BOASTING POST CARD PANORAMIC CITY VIEWS AND ENVELOPED BY PRIVACY AND QUIETNESS. MASTER FEATURES (3) WINDOWS, REVEALING MORNING SUNSHINE, NATURAL LIGHT, AND SPECTULIAR VIEWS. TWO WALK-IN CLOSETS. INSPIRED SPA BATH W/JACUZZI TUB. NEW TOILETS. SPACIOUS KITCHEN W/GORGEOUS CHERRYWOOD CABINETS AND STAINLESS STEEL APPLIANCES. NEW STOVE.35”H BREAKFAST BAR. COFFEE SHOP INSPIRED TEA/COFFEE BAR W/ COUNTER AND SEATING FOR TWO. ENJOY 24/7 OF PICTURESQUE LIVING ROOM VIEWS. HURRICANE WINDOWS. TEN STEPS TO TRASH CHUTE. SECURITY GUARD PRESENCE. FIVE MINUTE WALK TO PREMIUM OUTLETS. MINUTES TO I-95, PBI, CLEMATIS STREET DINING, THEATRES, AND BRITELINE. ONE YEAR HOME WARRANTY TO BUYER. (SHOW BY APPOINTMENT ONLY.) WELCOME HOME!

Last Agent to Sell the Property

Moe Mossa

Savvy Avenue, LLC License #3432985 Listed on: 07/27/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,172

Year Built

  • Built in 2004

Lot Details

  • Fruit Trees

HOA Fees

  • $566 Monthly HOA Fees

Home Design

  • Stone

Interior Spaces

  • 1,638 Sq Ft Home
  • Open Floorplan
  • Golf Course Views
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

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

Home Security

Parking

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

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 74434317280015090

Community Details

Overview

  • Association fees include management, common areas, ground maintenance, parking, pest control
  • Park Place Condominiums Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Billiard Room
  • Elevator
  • Bike Room

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,172

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: OFF 1-95 CROSS STREET PALM LAKES BLVD/CONGRESS
  • Year Built: 2004
  • Carport Y N: No
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Family/Dining Room, Living/Dining Room, Main Level Master, Walk-In Closet(s)
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 1638.0
  • Stories: 5

Exterior Features

  • Exterior Features: Balcony, Fruit Trees, Security/High Impact Doors
  • View: Golf Course
  • Pool Features: Association, Heated
  • Waterfront: No
  • Construction Type: Block, Stone
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest, Two or More Spaces

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security Guard, Smoke Detector(s)
  • Green Building Features: Exterior Lighting
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 566.0
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Clubhouse, Fitness Center, Pool, Sauna, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Parking, Pest Control

Lot Info

  • Parcel #: 74434317280015090

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2172.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Sep 14, 2021
Sold by
Billie J King Trust
Bought by
Darden Geraldene
Seller's Agent
Moe Mossa
Savvy Avenue, LLC
List Price
$239,999
Sold Price
$240,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$310,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,267
Avg. Annual Appreciation
6.43%
Original Mortgage
$221,350
Outstanding Balance
$201,412
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$108,855

Purchase Details

Listed on
Apr 17, 2018
Closed on
Dec 7, 2018
Sold by
Chokshi Jaisukhlal V and Chokshi Daksha J
Bought by
King Billie J and Billie J King Trust
Seller's Agent
Ravi Mohanka
Sainaam Realty & Investment
Buyer's Agent
Paige Hails
EXP Realty LLC
List Price
$174,900
Sold Price
$162,000
Premium/Discount to List
-$12,900
-7.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%

Purchase Details

Closed on
Feb 14, 2011
Sold by
Palmer Odel and The Palmer Family Trust
Bought by
Chokshi Jaisukhlal

Purchase Details

Closed on
Jan 15, 2008
Sold by
Palmer Alonzo and Palmer Dolores C
Bought by
Palmer Alonzo

Purchase Details

Closed on
Oct 19, 2005
Sold by
Migdalovich Mikhael S and Goldsher Irina
Bought by
Palmer Alonzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 21, 2004
Sold by
1600 Presidential Way Llc
Bought by
Migdalovich Mikhael S and Goldsher Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,320
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Darden Geraldene $240,000 None Available
Darden Geraldene $240,000 New Title Company Name
King Billie J $162,000 Attorney
Chokshi Jaisukhlal $85,000 None Available
Palmer Alonzo -- Attorney
Palmer Alonzo $320,000 Premier Title Partners Of Th
Migdalovich Mikhael S $262,900 Trans State Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darden Geraldene $221,350
Closed Darden Geraldene $221,350
Previous Owner Palmer Alonzo $256,000
Previous Owner Migdalovich Mikhael S $210,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2021 09/14/21 Sold $240,000 0.0% $147 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $239,999 +48.1% $147 / Sq Ft
12/07/2018 12/07/18 Sold $162,000 -7.4% $99 / Sq Ft View Prior Sale
11/07/2018 11/07/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $174,900 -- $107 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $5,500 $253,761 -- --
2023 $5,087 $230,692 $0 $0
2022 $4,621 $209,720 $0 $0
2021 $2,191 $133,848 $0 $0
2020 $2,172 $132,000 $0 $132,000
2019 $2,306 $137,000 $0 $137,000
2018 $2,876 $139,000 $0 $139,000
2017 $2,659 $129,000 $0 $0
2016 $2,598 $99,559 $0 $0
2015 $2,497 $90,508 $0 $0
2014 $2,288 $82,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Moe Mossa

    Seller's Agent in 2021

    Moe Mossa

    Savvy Avenue, LLC

    (888) 490-1268

    2 in this area

    2,742 Total Sales

    Moe Mossa
    Section Image
  • Ravi Mohanka

    Seller's Agent in 2018

    Ravi Mohanka

    Sainaam Realty & Investment

    (561) 714-1196

    2 in this area

    346 Total Sales

    Ravi Mohanka
    Section Image
  • Paige Hails

    Buyer's Agent in 2018

    Paige Hails

    EXP Realty LLC

    (561) 541-6023

    28 Total Sales

    Paige Hails
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10294048

BeachesMLS (Greater Fort Lauderdale)

APN: 74-43-43-17-28-001-5090

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1640 Presidential Way Unit 509, West Palm Beach, FL

This home is located at 1640 Presidential Way Unit 509, West Palm Beach, FL 33401 since 27 July 2021 and is currently estimated at $310,267, approximately $189 per square foot. This property was built in 2004. 1640 Presidential Way Unit 509 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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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