Lincoln Tower 2400 Presidential Way Unit 8040 West Palm Beach, FL 33401
Banyan Cay Neighborhood
3
Beds
2
Baths
1,499
Sq Ft
$1,233/mo
HOA Fee
Highlights
- Lake Front
- Fitness Center
- Gated Community
- Golf Course Community
- Heated Pool
- Clubhouse
About This Home
As of May 2023Made 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
Illustrated Properties License #3302780 Listed on: 01/20/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,324
Year Built
- Built in 1972
HOA Fees
- $1,233 Monthly HOA Fees
Home Design
- 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
- 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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,841
Avg. Annual Appreciation
-0.28%
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
Similar Homes in West Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Titlelogic | |
| Warranty Deed | $275,000 | Intraconstal Title Llc | |
| Warranty Deed | $160,000 | Lighthouse Title Svcs Llc | |
| Warranty Deed | $285,000 | Flagler Title Company | |
| Warranty Deed | $160,000 | Flagler Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $206,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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
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
42 Total Sales
-
R
Seller's Agent in 2019
Rachel Shapiro
William Raveis Real Estate
(561) 345-0560
51 in this area
55 Total Sales
-
C
Buyer's Agent in 2019
Cristina Urbina
A R E A Arise Real Estate Advisors
(561) 248-8631
4 Total Sales
-
M
Seller Co-Listing Agent in 2015
Michael Mednick
Donohue Real Estate, LLC
(908) 380-1711
5 in this area
5 Total Sales
-
J
Buyer's Agent in 2015
Joan Wynne
Premier Brokers International
(561) 308-2181
12 in this area
14 Total Sales
About Lincoln Tower
Map
Source: BeachesMLS
MLS Number: R10860061
APN: 74-43-43-17-10-000-8040
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