$190,000
SOLD MAR 22, 2024

Jefferson Tower 2425 Presidential Way Unit 7040 West Palm Beach, FL 33401

Banyan Cay Neighborhood
2 Beds
2 Baths
1,499 Sq Ft
$1,277/mo HOA Fee

Recently Sold

$127 Per Sq Ft

37% Below List Price

151 Days on Market

Highlights

  • Doorman
  • Golf Course View
  • Community Pool
  • Fitness Center
  • End Unit
  • Elevator

About This Home

As of June 2025

HIGHEST AND BEST DEADLINE 1/25/2024 10:00 am. Spacious 2/2 corner unit featuring 1,499 SqFt, walk-in closet, 2 balconies with lagoon & golf course views, storage room, lots of interior light and much more! Within the gated "The Land of the President Condominium", this building is conveniently located to I-95, Grocery Stores and Shopping. Amenities offer Pool, Fitness Center, Social Room & 24-hours Security are present. Golf memberships to the 18-hole Jack Nicklaus Signature golf course are available to the owners but it’s not mandatory. Please check the Listing attachments for add. HOA info & How to Present your Offer. Buyer’s Agent/Buyer is responsible to verify all the Property & HOA info/fees on the Listing prior to Offer. A Matterport 3D Video is available on the Virtual Tour Link.

Last Agent to Sell the Property

Luis Aleman

MMLS Assoc.-Inactive Member License #3189394 Listed on: 09/09/2023

Last Buyer's Agent

Jorge Lora

License #0549401

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $987

Year Built

  • Built in 1974

Lot Details

  • End Unit
  • North Facing Home

HOA Fees

  • $1,277 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Property Views

Home Design

  • Entry on the 7th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,499 Sq Ft Home
  • Combination Dining and Living Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Roosevelt Elementary And Middle School
  • Palm Beach Lakes High School

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434318020007040

Community Details

Overview

  • Lands Of The President Condos
  • Lands Of The President Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$987

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,277 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: Turn left onto Okeechobee Blvd., Turn left onto Palm Beach Lakes Blvd., Turn left onto N Congress Ave., Turn right, Turn right toward Presidential Way, property is on the right hand side.
  • Entry Level: 7
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LANDS OF THE PRESIDENT
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 5120

Interior Features

  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1499
  • Other Equipment: No Equipment
  • Possible Use: Investment
  • Stories: 20
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Golf View, Lagoon
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: LANDS OF THE PRESIDENT
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Complex Fenced, Doorman, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 3831
  • Amenities: Laundry, Elevator(s), Exercise Room, Pool
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Roosevelt
  • High School: Palm Beach Lakes
  • Middle Or Junior School: Roosevelt

Lot Info

  • Parcel Number: 74434318020007040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Jun 30, 2025
Sold by
American Re Llc
Bought by
Orih Samuel
Seller's Agent
Jorge Lora
Buyer's Agent
Jorge Lora
List Price
$399,000
Sold Price
$315,000
Premium/Discount to List
-$84,000
-21.05%
Views
96

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%
Original Mortgage
$299,250
Outstanding Balance
$298,744
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$19,162

Purchase Details

Listed on
Sep 9, 2023
Closed on
Mar 22, 2024
Sold by
Longbridge Financial Llc
Bought by
American Re Llc
Seller's Agent
Luis Aleman
MMLS Assoc.-Inactive Member
Buyer's Agent
Jorge Lora
List Price
$299,900
Sold Price
$190,000
Premium/Discount to List
-$109,900
-36.65%
Views
239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.89%
Original Mortgage
$208,250
Interest Rate
6.9%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 18, 2023
Sold by
Reverse Mortgage Funding Llc
Bought by
Longbridge Financial Llc

Purchase Details

Closed on
Aug 22, 2023
Sold by
Lesher Kristine Kk
Bought by
Reverse Mortgage Funding Llc

Purchase Details

Closed on
Mar 11, 2009
Sold by
Lesher Gerald S
Bought by
Lesher Gerald S and Lesher Kristine K K

Purchase Details

Closed on
Jul 12, 2002
Sold by
Perline David and Starr Irene
Bought by
Lesher Gerald S

Purchase Details

Closed on
Jun 14, 2000
Sold by
Brotman Sylvia D
Bought by
Perline David and Starr Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 1997
Sold by
Brotman Maurice H and Brotman Sylvia D
Bought by
Brotman Sylvia D
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 $315,000 None Listed On Document
Special Warranty Deed $190,000 First International Title
Special Warranty Deed $190,000 First International Title
Special Warranty Deed -- None Listed On Document
Certificate Of Transfer $212,000 --
Interfamily Deed Transfer -- None Available
Warranty Deed $115,000 Sunbelt Title Agency
Warranty Deed $100,000 --
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,250 New Conventional
Previous Owner $208,250 Construction
Previous Owner $80,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $315,000 0.0% $224 / Sq Ft
05/12/2025 05/12/25 Off Market $315,000 -- --
04/01/2025 04/01/25 Price Changed $329,000 -6.0% $234 / Sq Ft
03/12/2025 03/12/25 Price Changed $349,999 -6.7% $249 / Sq Ft
01/21/2025 01/21/25 Price Changed $375,000 -0.2% $267 / Sq Ft
01/20/2025 01/20/25 Price Changed $375,900 +7.4% $268 / Sq Ft
12/25/2024 12/25/24 Price Changed $349,999 -2.8% $249 / Sq Ft
12/11/2024 12/11/24 Price Changed $359,999 -5.3% $256 / Sq Ft
12/02/2024 12/02/24 Price Changed $379,999 +0.3% $271 / Sq Ft
10/11/2024 10/11/24 Price Changed $379,000 -5.0% $270 / Sq Ft
09/17/2024 09/17/24 For Sale $399,000 +110.0% $284 / Sq Ft
03/22/2024 03/22/24 Sold $190,000 +0.1% $127 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $189,900 -24.0% $127 / Sq Ft
01/04/2024 01/04/24 Price Changed $249,900 -3.5% $167 / Sq Ft
11/28/2023 11/28/23 Price Changed $259,000 -9.1% $173 / Sq Ft
10/19/2023 10/19/23 Price Changed $284,900 -5.0% $190 / Sq Ft
09/09/2023 09/09/23 For Sale $299,900 -- $200 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $5,320 $250,000 -- --
2023 $5,354 $250,000 $0 $250,000
2022 $987 $79,616 $0 $0
2021 $961 $77,297 $0 $0
2020 $947 $76,230 $0 $0
2019 $928 $74,516 $0 $0
2018 $841 $73,127 $0 $0
2017 $818 $71,623 $0 $0
2016 $825 $70,150 $0 $0
2015 $846 $69,662 $0 $0
2014 $852 $69,109 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jorge Lora

    (786) 216-4377

    2 in this area

    7 Total Sales

    Jorge Lora
    Section Image

  • L

    Seller's Agent in 2024

    Luis Aleman

    MMLS Assoc.-Inactive Member

    Section Image
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About Jefferson Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11450142

MIAMI REALTORS® MLS

APN: 74-43-43-18-02-000-7040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2425 Presidential Way Unit 7040, West Palm Beach, FL

This home is located at 2425 Presidential Way Unit 7040, West Palm Beach, FL 33401 and is currently priced at $190,000, approximately $126 per square foot. This property was built in 1974. 2425 Presidential Way Unit 7040 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.

MIAMI REALTORS® MLS 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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