$405,000
SOLD AUG 15, 2025

1928 Presidential Way Unit 50 West Palm Beach, FL 33401

Banyan Cay Neighborhood
3 Beds
3 Baths
1,862 Sq Ft
$1,376/mo HOA Fee

Recently Sold

$218 Per Sq Ft

19% Below List Price

66 Days on Market

Highlights

  • Lake Front
  • Vaulted Ceiling
  • Community Pool
  • Gated with Attendant
  • Mediterranean Architecture
  • Breakfast Area or Nook

About This Home

As of August 2025

WELCOME to this RARELY AVAILABLE 3 BEDROOM townhome overlooking the Brand-New Dutchman's Pipe Golf Course! This hidden gem is privately nestled in the prestigious gated community of Lands of the President! With an exclusive enclave of 12 homes, this 2-story residence offers spacious living areas (the largest 3-bedroom model at nearly 1,900 SF), carport parking directly at your front door, private gated entry, and courtyard patio with tropical plants and fountain. This inviting home offers tons of natural light to showcase your extensive living room with soaring ceilings, plush carpet, decorative faux paint, and built-in fireplace, surrounded by sliders that lead out to your waterfront patio. Elegant gourmet kitchen boasts beautiful tile flooring, decorative crown molding, custom wood

Last Agent to Sell the Property

DEREK LAMBROU

Village Realty Group LLC License #3266528 Listed on: 05/09/2025

Last Buyer's Agent

DEREK LAMBROU

Village Realty Group LLC License #3266528 Listed on: 05/09/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,648

Year Built

  • Built in 1972

HOA Fees

  • $1,376 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course

Home Design

  • Mediterranean Architecture
  • Concrete Roof

Interior Spaces

  • 1,862 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Attached Garage
  • Driveway

Utilities

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

Additional Features

  • Patio
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 74434317120020050
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, legal/accounting, ground maintenance, maintenance structure, parking, pest control, pool(s), reserve fund, roof, sewer, security, trash, water
  • Lands Of The President Co Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,648

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,376 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Condominium,Townhouse
  • Directions: Palm Beach Lakes Blvd. to Congress Avenue, North to Presidential Way to Lands of the President guard gate.
  • Year Built: 1972
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Closet Cabinetry, Dual Sinks, Entrance Foyer, Fireplace, High Ceilings, Living/Dining Room, Split Bedrooms, Tub Shower, Vaulted Ceiling(s), Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1862.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Golf Course, Lake
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Attached Garage: Yes
  • Garage Yn: No
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Security: Security System, Gated with Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • 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: 1376.0
  • Community Features: Gated, Pool, Street Lights
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Reserve Fund, Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434317120020050
  • Lot Size: < 1/4 Acre,West of US-1
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Aug 8, 2025
Sold by
Penn Robert and Penn Jill
Bought by
Brooks Paul and Brooks Brooke
Seller's Agent
DEREK LAMBROU
Village Realty Group LLC
Buyer's Agent
DEREK LAMBROU
Village Realty Group LLC
List Price
$499,000
Sold Price
$405,000
Premium/Discount to List
-$94,000
-18.84%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1523.07%

Purchase Details

Closed on
Jan 15, 2004
Sold by
Pecunies Ronald
Bought by
Penn Robert and Penn Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2001
Sold by
Pecunies Ronald
Bought by
Robbins Donald

Purchase Details

Closed on
Sep 10, 1999
Sold by
Marcella G Fox Tr
Bought by
Pecunies Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.73%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $285,000 Home Title American Inc
Quit Claim Deed $3,000 --
Quit Claim Deed $6,000 --
Quit Claim Deed $3,000 --
Warranty Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 Unknown
Closed $200,000 Purchase Money Mortgage
Previous Owner $92,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Sold $405,000 -9.8% $218 / Sq Ft
07/14/2025 07/14/25 Pending -- -- --
06/10/2025 06/10/25 Price Changed $449,000 -10.0% $241 / Sq Ft
05/09/2025 05/09/25 For Sale $499,000 -- $268 / 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 $6,648 $267,949 -- --
2023 $6,425 $243,590 $0 $0
2022 $4,994 $221,445 $0 $0
2021 $4,668 $215,000 $0 $215,000
2020 $4,440 $215,000 $0 $215,000
2019 $4,236 $215,000 $0 $215,000
2018 $3,905 $225,000 $0 $225,000
2017 $3,665 $215,000 $0 $0
2016 $2,925 $125,000 $0 $0
2015 $3,003 $125,000 $0 $0
2014 $2,801 $115,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11089181

BeachesMLS

APN: 74-43-43-17-12-002-0050