NOT LISTED FOR SALE

1731 Presidential Way Unit 2040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $243,938 - $317,000

2 Beds
2 Baths
1,322 Sq Ft
$567/mo HOA Fee

Last Sold March 29, 2022

Last sale price $219,000 $166 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,368/month

56 Days on Market

Highlights

  • Gated with Attendant
  • Sun or Florida Room
  • Laundry Room
  • Waterfront
  • Walk-In Closet
  • Ceramic Tile Flooring

About This Home

As of March 2022

Sit on the balcony and watch the setting sun and marvelous view of the pond and the Banyan Cay golf course in this 2 br convertible 2 bath unit on the second floor. Obviously the best view at Condo 1 in the Lands of the Pres. Here is the canvas for you to transform into your dream home. Hurricane shutters throughout. The adjacent pool is inviting and waiting for you to meet new neighbors. Both internet and cable are included in the maintenance. Gated & secure. AC is 2 yrs old. Convenient to Whole Foods, Target, shopping, restaurants. Close to airport, beaches, Brightline, libraries, City Place, Kravis, Palm Beach, Rte 95

Last Agent to Sell the Property

Mim Hochman

Century 21 America's Choice/WPB License #636635 Listed on: 01/01/2022

Century 21 America's Choice/WPB

Co-Listed By

Rob Castro

Century 21 America's Choice/WPB License #3159935

Last Buyer's Agent

Justin Orlando

Compass Florida LLC License #3425733

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,806

Year Built

  • Built in 1971

Lot Details

  • Waterfront

HOA Fees

  • $567 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Property Views

  • Water
  • Pool

Home Design

  • Entry on the 2nd floor
  • Barrel Roof Shape

Interior Spaces

  • 1,322 Sq Ft Home
  • 2-Story Property
  • Sliding Windows
  • Dining Room
  • Sun or Florida Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317060032040

Community Details

Overview

  • Association fees include management, cable TV, insurance, ground maintenance, pest control, pool(s), roof, sewer, trash, water
  • 1,000 Units
  • Lands Of The President Co Subdivision

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,806

Year Built

Built in 1971

Lot Details

0

HOA Fees

$567 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes. N on Congress. R at Presidential. Through security. Third building on the left.
  • Year Built: 1971
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1322.0
  • Dining Room Type: Laundry, Dining Room, Florida Room
  • Stories: 2
  • Window Features: Sliding

Exterior Features

  • View: Other, Pool, Water
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Garage Yn: No
  • Parking Features: Two or More Spaces

Utilities

  • Security: Gated with Guard, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 567.0
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Maintenance Grounds, Pest Control, Pool(s), Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434317060032040
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2806.0

Multi Family

  • Number Of Units In Community: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2022
Closed on
Mar 28, 2022
Sold by
Betty Kaufman Revocable Trust
Bought by
Acevedo Erik and Acevedo Albert Kristin
Seller's Agent
Mim Hochman
Century 21 America's Choice/WPB
Buyer's Agent
Justin Orlando
Compass Florida LLC
List Price
$219,900
Sold Price
$219,000
Premium/Discount to List
-$900
-0.41%
Views
1
Current Estimated Value
$283,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,485
Avg. Annual Appreciation
7.14%
Original Mortgage
$164,250
Outstanding Balance
$153,788
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$129,697

Purchase Details

Closed on
Nov 18, 2019
Sold by
Kaufman Betty and Kaufman Robert
Bought by
Kaufman Betty and Betty Kaufman Revocable Trust

Purchase Details

Closed on
Jun 24, 2005
Sold by
Hefel Eric and Hefel Helen
Bought by
Kaufman Robert and Kaufman Betty

Purchase Details

Closed on
Aug 14, 2003
Sold by
Hefel Eric and Hefel Helen
Bought by
Hefel Eric and Hefel Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,160
Interest Rate
4.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2002
Sold by
Gutierrez Lino M and Gutierrez Fenella
Bought by
Hefel Eric and Hefel Helen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.16%

Purchase Details

Closed on
May 23, 2000
Sold by
R Joel Slomoff Tr and Morton I Myers Tr
Bought by
Gutierrez Lino M and Gutierrez Ii Lino B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,900
Interest Rate
8.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Acevedo Erik $219,000 None Listed On Document
Kaufman Betty -- None Available
Kaufman Robert $220,000 Universal Land Title Inc
Hefel Eric -- Resource Title Company Inc
Hefel Eric $90,000 Universal Land Title Inc
Gutierrez Lino M $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acevedo Erik $164,250
Previous Owner Hefel Eric $82,160
Previous Owner Hefel Eric $81,000
Previous Owner Gutierrez Lino M $50,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2025 10/04/25 Off Market $219,000 -- --
03/29/2022 03/29/22 Sold $219,000 -0.4% $166 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
01/01/2022 01/01/22 For Sale $219,900 -- $166 / 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
2025 $3,740 $205,000 -- --
2024 $3,740 $215,000 -- --
2023 $3,805 $217,000 $0 $217,000
2022 $3,162 $132,000 $0 $0
2021 $2,806 $120,000 $0 $120,000
2020 $2,941 $125,000 $0 $125,000
2019 $3,145 $170,000 $0 $170,000
2018 $2,678 $145,000 $0 $145,000
2017 $2,414 $125,000 $0 $0
2016 $2,228 $86,515 $0 $0
2015 $1,997 $78,650 $0 $0
2014 $1,853 $71,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mim Hochman

    Century 21 America's Choice/WPB

    (561) 689-6339

    9 in this area

    9 Total Sales

    Mim Hochman
    Section Image

  • R

    Seller Co-Listing Agent in 2022

    Rob Castro

    Century 21 America's Choice/WPB

    (561) 689-6339

    1 in this area

    5 Total Sales

    Rob Castro
    Section Image

  • J

    Buyer's Agent in 2022

    Justin Orlando

    Compass Florida LLC

    (561) 406-3319

    1 in this area

    126 Total Sales

    Justin Orlando
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10767264

BeachesMLS

APN: 74-43-43-17-06-003-2040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1731 Presidential Way Unit 2040, West Palm Beach, FL

Not Listed for Sale

Condos

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