NOT LISTED FOR SALE

2480 Presidential Way Unit 5040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $516,000 - $564,353

3 Beds
3 Baths
2,334 Sq Ft
4.62 Acres

Last Sold July 02, 2019

Last sale price $290,000 $124 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,559/month

Highlights

  • Fitness Center
  • Screened Porch
  • Elevator
  • Gated Community
  • Community Pool
  • Balcony

About This Home

As of September 2022

Tastefully renovated 3 bedroom 3 full bathroom corner unit with screened balcony & assigned parking. This building is filled with amenities of a luxury building with 24 hour doorman in a prestigious gated community. Well maintained common areas, pool, library, fitness center, tennis courts, hot tub and more! Unit is filled with natural lighting throughout, private laundry room with full size washer & dryer and utility sink.Each room has it own private bathroom. Master boasts roman tub and separate shower with his and hers sink. New Stainless steel appliances, we bar area. Freshly painted, includes water. Gated community in great location near Palm Beach Outlets, Downtown West Palm Beach, Airport, Beaches, restaurants & Brightline station.

Last Agent to Rent the Property

Lynn Joseph

Brokers, LLC License #3288353 Listed on: 07/01/2022

Brokers, LLC

Last Renter's Agent

Grace Brown

Brown Harris Stevens of PB License #637721

Brown Harris Stevens of PB

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,982

Year Built

  • Built in 1984

Lot Details

  • 4.62

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 2,334 Sq Ft Home
  • Wet Bar
  • Entrance Foyer
  • Screened Porch
  • Utility Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Balcony
  • East Facing Home

Listing and Financial Details

  • Property Available on 7/8/22
  • Rent includes association dues, hot water, sewer, trash collection, cable TV, water
  • 12 Month Lease Term
  • Renewal Option
  • Assessor Parcel Number 74434318100005040

Community Details

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Tennis Courts

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Hurricane or Storm Shutters

Additional Features

  • Envoy Condo Subdivision
  • Elevator

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,982

Year Built

Built in 1984

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2022-07-08

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I-95 to exit 71 Palm Beach Lakes Blvd East. Make left at N. Congress and right at first traffic light on Presidential Way. Go through gate to 2480 Presidential on right & park at guest space.
  • Year Built: 1984
  • Lease Renewal Option: Yes
  • Entry Level: 5
  • Year Built Details: Unknown
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Entrance Foyer, Pantry
  • Furnished: Unfurnished
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 2334.0
  • Dining Room Type: Foyer, Laundry, Pantry, Utility Room

Exterior Features

  • Exterior Features: Balcony, Storm/Security Shutters, Tennis Court(s)
  • Pool Features: None, Community
  • Waterfront: No
  • Direction Faces: East
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Unknown

Garage/Parking

  • Garage Yn: No
  • Parking Features: One Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Rent Includes: Association Dues, Hot Water, Sewer, Trash Collection, Cable TV, Water
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Elevator(s), Fitness Center, Management, Pool, Guard, Spa/Hot Tub
  • Pets Allowed: No

Lot Info

  • Parcel #: 74434318100005040
  • Land Lease Amount Frequency: Annually

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Hector Vazquez
Bought by
Hylton Zoe
Current Estimated Value
$536,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Outstanding Balance
$426,200
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$110,638

Purchase Details

Listed on
Oct 6, 2018
Closed on
Jul 2, 2019
Sold by
Foley Christopher F and Foley Christopher F
Bought by
Vazquez Hector
Seller's Agent
Hector Vazquez
Premier Brokers International
Buyer's Agent
Hector Vazquez
Premier Brokers International
List Price
$349,000
Sold Price
$290,000
Premium/Discount to List
-$59,000
-16.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%

Purchase Details

Closed on
Nov 7, 2012
Sold by
Holberg Eileen M
Bought by
Holberg Eileen M

Purchase Details

Closed on
Oct 16, 2006
Sold by
Rosenfield Family Lp #1
Bought by
Holberg Eileen

Purchase Details

Closed on
May 14, 1997
Sold by
Rosenfeld Andrew
Bought by
Rosenfeld Family Lp No 1
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
Hylton Zoe $560,000 New Title Company Name
Vazquez Hector $290,000 Attorney
Holberg Eileen M -- Attorney
Holberg Eileen $375,000 Flagler Title Co
Rosenfeld Family Lp No 1 $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hylton Zoe $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2022 09/01/22 Rented $3,800 -9.5% --
08/02/2022 08/02/22 Under Contract -- -- --
07/01/2022 07/01/22 For Rent $4,200 0.0% --
07/02/2019 07/02/19 Sold $290,000 -16.9% $124 / Sq Ft View Prior Sale
06/02/2019 06/02/19 Pending -- -- --
10/06/2018 10/06/18 For Sale $349,000 -- $150 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $8,982 $429,000 -- --
2023 $8,701 $412,500 $0 $412,500
2022 $4,867 $263,680 $0 $0
2021 $4,848 $256,000 $0 $256,000
2020 $5,819 $256,000 $0 $256,000
2019 $5,755 $266,000 $0 $266,000
2018 $4,964 $226,000 $0 $226,000
2017 $4,534 $201,000 $0 $0
2016 $4,706 $199,118 $0 $0
2015 $4,406 $181,016 $0 $0
2014 $4,231 $164,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2022

    Lynn Joseph

    Brokers, LLC

    (321) 217-1027

    1 in this area

    4 Total Sales

    Lynn Joseph
    Section Image
  • Grace Brown

    Tenant's Agent in 2022

    Grace Brown

    Brown Harris Stevens of PB

    (561) 312-6822

    29 Total Sales

    Grace Brown
    Section Image
  • Hector Vazquez

    Seller's Agent in 2019

    Hector Vazquez

    Premier Brokers International

    (347) 208-4209

    60 in this area

    89 Total Sales

    Hector Vazquez
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10337992

BeachesMLS (Greater Fort Lauderdale)

APN: 74-43-43-18-10-000-5040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2480 Presidential Way Unit 5040, West Palm Beach, FL

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BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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