NOT LISTED FOR SALE

Lincoln Tower 2400 Presidential Way Unit 8040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $382,000 - $454,000

3 Beds
2 Baths
1,499 Sq Ft
$1,233/mo HOA Fee

Last Sold May 12, 2023

Last sale price $440,000 $294 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,110/month

111 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Gated Community
  • Golf Course Community
  • Heated Pool
  • Clubhouse

About This Home

As of May 2023

Made for the modern professional, this luxurious and exclusive condo in the downtown area of West Palm Beach is just minutes from the heart of downtown, Brightline train station, I-95 and Palm Beach International airport. Entering the community, you are greeted by a manned security gate and a friendly doorman awaits in the building lobby. This large, corner unit floorplan has been completely updated and offers city, lake, and golf course views abound. The wrap around balconies have been tiled using the same flooring as the interior, creating a seamless blend of indoor/outdoor living space. The ideal spot for enjoying your morning coffee or evening cocktails. The open-concept floorplan makes this the perfect place for entertaining friends, family, and guests. The gourmet kitchen boasts gra

Last Agent to Sell the Property

CJ Minardi

Illustrated Properties License #3302780 Listed on: 01/20/2023

Illustrated Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,324

Year Built

  • Built in 1972

Lot Details

  • 2.76

HOA Fees

  • $1,233 Monthly HOA Fees

Home Design

  • Entry on the 8th floor
  • Tar and Gravel Roof

Interior Spaces

  • 1,499 Sq Ft Home
  • Wet Bar
  • Bar
  • Combination Dining and Living Room
  • Den
  • Tile Flooring
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Open Patio

Additional Features

  • Lake Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434317100008040

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, pest control, roof, security, trash
  • High-Rise Condominium
  • Lands Of The President Co Subdivision
  • 20-Story Property

Recreation

  • Golf Course Community

Pet Policy

  • Pets Allowed

Additional Features

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,324

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,233 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1972
  • Architectural Style: High Rise
  • Entry Level: 8
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Living/Dining Room, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1499.0
  • Dining Room Type: Den, Storage Room
  • Stories: 20

Exterior Features

  • Exterior Features: Balcony
  • View: Lake
  • Pool Features: Heated, None, Association, Community
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1233.0
  • Community Features: Golf, Golf Course Community, Gated, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Golf Course, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Roof, Security, Trash

Lot Info

  • Parcel #: 74434317100008040
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4324.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
May 12, 2023
Sold by
Beinstein Matthew
Bought by
Lord Dany
Seller's Agent
CJ Minardi
Illustrated Properties
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Views
163
Current Estimated Value
$420,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,026
Avg. Annual Appreciation
-1.82%

Purchase Details

Listed on
Dec 31, 2018
Closed on
May 2, 2019
Sold by
Fages Geoffrey Scott and Gugenheim Nancy Mason
Bought by
Beinstein Matthew
Seller's Agent
Rachel Shapiro
William Raveis Real Estate
Buyer's Agent
Cristina Urbina
A R E A Arise Real Estate Advisors
List Price
$298,500
Sold Price
$275,000
Premium/Discount to List
-$23,500
-7.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%
Original Mortgage
$206,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 22, 2015
Closed on
Oct 2, 2015
Sold by
Dejong John H and De Jong Carole Lee
Bought by
Fages Geoffrey Scott
Seller's Agent
Rachel Shapiro
William Raveis Real Estate
Buyer's Agent
Joan Wynne
Premier Brokers International
List Price
$180,000
Sold Price
$160,000
Premium/Discount to List
-$20,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.33%

Purchase Details

Closed on
May 4, 2005
Sold by
Barnes Bruce and Barnes Sandra
Bought by
Dejong John H and Dejong Carole Lee

Purchase Details

Closed on
Apr 30, 2003
Sold by
Zarin Harry and Zarin Fay C
Bought by
Barnes Bruce and Barnes Sandra
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 Buyer Sale Price Title Company
Lord Dany $440,000 Titlelogic
Lord Dany $440,000 Titlelogic
Beinstein Matthew $275,000 Intraconstal Title Llc
Fages Geoffrey Scott $160,000 Lighthouse Title Svcs Llc
Dejong John H $285,000 Flagler Title Company
Barnes Bruce $160,000 Flagler Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beinstein Matthew $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2023 05/12/23 Sold $440,000 -7.4% $294 / Sq Ft
01/20/2023 01/20/23 For Sale $475,000 +72.7% $317 / Sq Ft
05/02/2019 05/02/19 Sold $275,000 -7.9% $183 / Sq Ft View Prior Sale
04/02/2019 04/02/19 Pending -- -- --
12/31/2018 12/31/18 For Sale $298,500 +86.6% $199 / Sq Ft
10/02/2015 10/02/15 Sold $160,000 -11.1% $107 / Sq Ft View Prior Sale
09/02/2015 09/02/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $180,000 -- $120 / 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 $7,734 $368,000 -- --
2023 $4,383 $245,068 $0 $0
2022 $4,324 $237,930 $0 $0
2021 $4,304 $231,000 $0 $231,000
2020 $5,160 $226,000 $0 $226,000
2019 $2,354 $139,155 $0 $0
2018 $2,185 $136,560 $0 $0
2017 $2,130 $133,751 $0 $0
2016 $2,115 $131,000 $0 $0
2015 $2,178 $88,330 $0 $0
2014 $2,075 $80,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    CJ Minardi

    Illustrated Properties

    (772) 618-3507

    1 in this area

    41 Total Sales

    CJ Minardi
    Section Image

  • R

    Seller's Agent in 2019

    Rachel Shapiro

    William Raveis Real Estate

    (561) 345-0560

    49 in this area

    53 Total Sales

    Rachel Shapiro
    Section Image

  • C

    Buyer's Agent in 2019

    Cristina Urbina

    A R E A Arise Real Estate Advisors

    (561) 248-8631

    4 Total Sales

    Cristina Urbina
    Section Image

  • M

    Seller Co-Listing Agent in 2015

    Michael Mednick

    Donohue Real Estate, LLC

    (908) 380-1711

    5 in this area

    5 Total Sales

    Michael Mednick
    Section Image

  • J

    Buyer's Agent in 2015

    Joan Wynne

    Premier Brokers International

    (561) 308-2181

    11 in this area

    13 Total Sales

    Joan Wynne
    Section Image
See All Agents

About Lincoln Tower

Map

Source: BeachesMLS

MLS Number: R10860061

BeachesMLS

APN: 74-43-43-17-10-000-8040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2400 Presidential Way Unit 8040, West Palm Beach, FL

This home is located at 2400 Presidential Way Unit 8040, West Palm Beach, FL 33401 since 20 January 2023 and is currently estimated at $420,974, approximately $280 per square foot. This property was built in 1972. 2400 Presidential Way Unit 8040 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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