$600,000
$25K PRICE DROP

2427 Presidential Way Unit 1201 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated payment $5,756/month

Total Views 1,045
2 Beds
2 Baths
2,209 Sq Ft
$272 Price per Sq Ft

Highlights

  • Doorman
  • On Golf Course
  • Penthouse
  • Lake Front
  • Fitness Center
  • Home fronts a pond

About This Home

SELLER LOSING $400K+ ON THIS SALE! THE RENOVATION TOOK OVER TWO YEARS TO COMPLETE AND SELLER NEVER MOVED IN! Recently stripped to the concrete shell and masterfully renovated, this Penthouse residence showcases top-tier Wolf and Sub-Zero appliances alongside exquisite designer finishes throughout. This smart home integrates cutting-edge automation for seamless living. Located minutes from downtown West Palm Beach, residents enjoy full-service amenities including a doorman, guard-gated security, fitness center, and a resort-style pool and spa. This pet-friendly building provides the perfect blend of security, sophistication, and leisure. Experience elevated Florida living with panoramic golf course views and the finest modern luxuries at your fingertips.

Listing Agent

Harrison Allen

Waterfront Properties & Club C License #3328351 Listed on: 05/29/2025

Waterfront Properties & Club C

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,664

Year Built

  • Built in 1982

Lot Details

  • Home fronts a pond
  • Lake Front
  • On Golf Course
  • West Facing Home

HOA Fees

  • $1,711 Monthly HOA Fees

Property Views

  • Lake
  • Lagoon
  • Golf Course
  • Skyline

Home Design

  • Penthouse
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,209 Sq Ft Home
  • Entrance Foyer
  • Great Room
  • Family Room
  • Open Floorplan
  • Tile Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Laundry Tub
  • Washer and Dryer Hookup

Home Security

Parking

  • Detached Garage
  • 1 Detached Carport Space
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 74434318080001201

Community Details

Overview

  • 48 Units
  • Mid-Rise Condominium
  • Parliament East Condos
  • Parliament East Subdivision
  • 12-Story Property

Amenities

  • Doorman
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Walled
  • Complete Accordion Shutters
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,664

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,711 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Penthouse
  • Carport Y N: Yes
  • Directions: I95 - East on Palm Beach Lakes Blvd to Congress North. Right on Presidential Way
  • Entry Level: 12
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: Parliament East
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: Bar, Entrance Foyer, Laundry Tub, Split Bedroom, Walk-In Closet(s), Family Room, Great Room, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2209
  • Stories: 12
  • Window Features: Complete Accordian Shutters, Complete Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Kitchen Dining
  • Living Room Features: Family Room, Great Room, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Golf View, Lagoon, Lake, Skyline
  • Exterior Features: On Golf Course, Open Balcony
  • Construction Type: Concrete Block Construction, CBS Construction
  • Direction Faces: West
  • Patio And Porch Features: Open Balcony, Open Porch, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Parliament East
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Detached Carport, Assigned, Covered, Detached, Guest

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Doorman, Card Entry, Lobby Secured, Other, Walled

Condo/Co-op/Association

  • Association Fee: 1711
  • Amenities: Elevator(s), Exercise Room, Storage, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

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

Lot Info

  • Parcel Number: 74434318080001201

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 48
  • Number Of Units Total: 48

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8664

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $8,664 $385,990 -- --
2023 $8,234 $350,900 $0 $0
2022 $6,924 $319,000 $0 $0
2021 $3,431 $190,859 $0 $0
2020 $3,407 $188,224 $0 $0
2019 $3,349 $183,992 $0 $0
2018 $3,137 $180,561 $0 $0
2017 $5,347 $238,000 $0 $0
2016 $4,079 $163,350 $0 $0
2015 $3,819 $148,500 $0 $0
2014 $3,267 $135,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $600,000 -4.0% $272 / Sq Ft
05/29/2025 05/29/25 For Sale $625,000 +25.3% $283 / Sq Ft
07/30/2021 07/30/21 Sold $499,000 -13.2% $233 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $575,000 +53.3% $268 / Sq Ft
12/15/2016 12/15/16 Sold $375,000 -1.3% $175 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $380,000 -- $177 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,000 Attorney
Warranty Deed $375,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Construction
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11811121

MIAMI REALTORS® MLS

APN: 74-43-43-18-08-000-1201

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2427 Presidential Way Unit 1201, West Palm Beach, FL

This home is located at 2427 Presidential Way Unit 1201, West Palm Beach, FL 33401 and is currently priced at $600,000, approximately $271 per square foot. This property was built in 1982. 2427 Presidential Way Unit 1201 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.

Nearby Homes
Listing Agent
Harrison Allen
Section Image
Waterfront Properties & Club C
(561) 944-3306