$119,900
SOLD SEP 30, 2015

Lincoln Tower 2400 Presidential Way Unit 5050 Floor 5 West Palm Beach, FL 33401

Banyan Cay Neighborhood
2 Beds
2 Baths
1,200 Sq Ft
$563/mo HOA Fee

Recently Sold

$100 Per Sq Ft

8% Below List Price

75 Days on Market

Highlights

  • Doorman
  • Golf Course Community
  • Gated with Attendant
  • Lake Front
  • Fitness Center
  • Clubhouse

About This Home

As of May 2022

THe President Country Club is all about golf. Located in the heart of West Palm Beach, less than 5 minutes from Palm Beach International Airport, City Place and Worth Avenue. You will enjoy the scenery, convenience and 18-holes of Championship Golf. Unit 505 in The Lincoln Tower is a charming two bedroom, new paint and huge balcony best view of golf course. A full service doorman building, Lincoln Tower has everything you could ask for in a safe and secure gated golf community. The sun drenched pool area, nicely appointed lobby, community room and covered parking make this the perfect place just for you. Easy to show.price reduced $10000 for quick sale.

Last Agent to Sell the Property

Bobac Medalian

Medalian Real Estate & Investm License #3180546 Listed on: 06/16/2015

Co-Listed By

Jalil Medalian

Medalian Real Estate & Investm License #443093

Last Buyer's Agent

Seth Greenberg

Coral Cove Realty Inc License #3311714

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 1972

Lot Details

  • Lake Front

HOA Fees

  • $563 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,200 Sq Ft Home
  • Sliding Windows
  • Great Room

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317100005050

Community Details

Overview

  • 1,000 Units
  • Lands Of The President Co Subdivision
  • 21-Story Property

Amenities

  • Doorman

Recreation

  • Golf Course Community
  • Community Spa
  • Trails

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,599

Year Built

Built in 1972

Lot Details

0

HOA Fees

$563 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: CONGRESS NORTH OF PALM BEACH LAKES TO GATE
  • Year Built: 1972
  • Entry Level: 5
  • Special Features: None

Interior Features

  • Interior Amenities: Split Bedrooms
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1200.0
  • Dining Room Type: Great Room
  • Stories: 21
  • Window Features: Sliding

Exterior Features

  • View: Golf Course, Lake, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: No
  • Construction Type: Block

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Security: Door Man, Gated with Guard, Smoke Detector(s)
  • Cooling: Central Air
  • 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: 563.0
  • Community Features: Clubhouse, Golf, Golf Course Community, Property Manager On-Site, Pool, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Golf Course, Management, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434317100005050
  • Zoning Description: R
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1599.0

Multi Family

  • Number Of Units In Community: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2025
Sold by
Walter-Alexander Llc and Turner Nicola
Bought by
Velocity Commercial Capital Loan Trust and Us Bank Trust

Purchase Details

Listed on
Jun 16, 2015
Closed on
Sep 25, 2015
Sold by
Ocean Trust Llc
Bought by
Greenberg Seth
Seller's Agent
Bobac Medalian
Medalian Real Estate & Investm
Buyer's Agent
Seth Greenberg
Coral Cove Realty Inc
List Price
$129,900
Sold Price
$119,900
Premium/Discount to List
-$10,000
-7.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%
Original Mortgage
$94,900
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Beneficial Finance Corp
Bought by
Ocean Trust Llc

Purchase Details

Closed on
Dec 9, 1994
Sold by
Beaser Samuel and Beaser Shirley B
Bought by
Douthat Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
9.01%
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 Type Sale Price Title Company
Warranty Deed $119,900 Affinity Title Services Inc
Quit Claim Deed -- --
Warranty Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $94,900 Purchase Money Mortgage
Previous Owner $61,600 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2025 10/07/25 For Sale $239,999 +9.1% $215 / Sq Ft
05/19/2022 05/19/22 Sold $220,000 -12.0% $197 / Sq Ft View Prior Sale
04/19/2022 04/19/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $249,900 +108.4% $224 / Sq Ft
09/30/2015 09/30/15 Sold $119,900 -7.7% $100 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $129,900 -- $108 / 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 $3,602 $166,000 -- --
2023 $3,582 $164,000 $0 $164,000
2022 $3,261 $145,200 $0 $0
2021 $1,317 $93,661 $0 $0
2020 $1,301 $92,368 $0 $0
2019 $1,271 $90,291 $0 $0
2018 $1,148 $88,607 $0 $0
2017 $1,100 $86,785 $0 $0
2016 $1,084 $85,000 $0 $0
2015 $1,738 $67,760 $0 $0
2014 $1,599 $61,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Iannucci

    Seller's Agent in 2025

    Holly Iannucci

    La Rosa Realty Beaches LLC

    (321) 939-3748

    33 Total Sales

    Holly Iannucci
    Section Image

  • S

    Seller's Agent in 2022

    Seth Greenberg

    Coral Cove Realty Inc

    (561) 406-3631

    1 in this area

    4 Total Sales

    Seth Greenberg
    Section Image

  • B

    Buyer's Agent in 2022

    Brandon Johnson

    Scuttina Signature Real Estate Group, LLC

    (888) 883-8509

    1 in this area

    2 Total Sales

    Brandon Johnson
    Section Image

  • B

    Seller's Agent in 2015

    Bobac Medalian

    Medalian Real Estate & Investm

    (561) 512-0998

    347 Total Sales

    Bobac Medalian
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Jalil Medalian

    Medalian Real Estate & Investm

    (561) 798-3322

    45 Total Sales

    Jalil Medalian
    Section Image
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About Lincoln Tower

Map

Source: BeachesMLS

MLS Number: R10144557

BeachesMLS

APN: 74-43-43-17-10-000-5050

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2400 Presidential Way Unit 5050, West Palm Beach, FL

This home is located at 2400 Presidential Way Unit 5050, West Palm Beach, FL 33401 and is currently priced at $119,900, approximately $99 per square foot. This property was built in 1972. 2400 Presidential Way Unit 5050 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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