$140,000

470 Executive Center Dr Unit 2K West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated payment $1,492/month

1 Bed
1 Bath
704 Sq Ft
$199 Price per Sq Ft

Highlights

  • Water Views
  • Gated Community
  • Sauna
  • Fitness Center
  • Clubhouse
  • Community Pool

About This Home

INVESTOR-FRIENDLY OPPORTUNITY! Bright and spacious 1-bedroom, 1-bath unit located on the 2nd floor. Features a large living and dining area, title and carpet flooring, and plenty of closet space. Elevator and laundry room in the building for added convenience. Assigned parking plus guest parking. Secure, gated community with excellent amenities including a large swimming pool, fitness center, tennis courts, and more!Prime location -- just minutes from the airport, I-95, outlet malls, restaurants, and the beach!The unit is rented to a reliable long-term tenant at $1,525/month with a lease in place through 03/31/2026. No rental restrictions for new owners--start collecting income immediately after closing by honoring the current lease.

Last Listed By

Nelida Kehle

Illustrated Properties LLC (Co License #3215677 Listed on: 06/12/2025

Illustrated Properties LLC (Co

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 1979

HOA Fees

  • $528 Monthly HOA Fees

Interior Spaces

  • 704 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Water Views
  • Security Gate

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio

Schools

  • Westward Elementary School
  • Bear Lakes Middle School
  • Palm Beach Lakes High School

Utilities

  • Central Heating
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $500
  • Assessor Parcel Number 74434320020020211

Community Details

Overview

  • Association fees include management, common areas, insurance, laundry, legal/accounting, maintenance structure, pool(s), roof, sewer, water
  • 195 Units
  • Breakwaters Of The Palm B Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Park

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,178

Year Built

Built in 1979

Lot Details

0

HOA Fees

$528 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes Blvd. To executive Center DR. to Entrance. BREAKWATERS of the Palm Beaches.
  • Year Built: 1979
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Tile
  • Living Area: 704.0
  • Dining Room Type: Storage Room
  • Stories: 5
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony
  • View: Other, Water
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Disclosures: Foreign Seller
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

  • Laundry Features: Common Area
  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Ceiling Fan(s)
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 528.0
  • Community Features: Clubhouse, Game Room, Gated, Park, Property Manager On-Site, Pool, Sauna, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Laundry, Management, Pool, Sauna, Storage, Tennis Court(s), Trash
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Laundry, Legal/Accounting, Maintenance Structure, Pool(s), Roof, Sewer, Water

Schools

  • Elementary School: Westward
  • High School: Palm Beach Lakes
  • Middle Or Junior School: Bear Lakes

Lot Info

  • Parcel #: 74434320020020211
  • Lot Size: 5 to <10 Acres
  • Lot Size Sq Ft: 217.0
  • Zoning Description: MF32 (ci

Rental Info

  • Security Deposit: 500.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2178.0

Multi Family

  • Number Of Units In Community: 195

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 $2,178 $87,181 -- --
2023 $2,054 $79,255 $0 $0
2022 $1,859 $72,050 $0 $0
2021 $1,620 $65,500 $0 $65,500
2020 $1,634 $65,500 $0 $65,500
2019 $1,610 $64,500 $0 $64,500
2018 $1,392 $57,500 $0 $57,500
2017 $617 $47,500 $0 $0
2016 $1,081 $40,596 $0 $0
2015 $1,000 $36,905 $0 $0
2014 $951 $33,550 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $140,000 0.0% $199 / Sq Ft
04/06/2024 04/06/24 Under Contract -- -- --
04/01/2024 04/01/24 Rented $1,425 0.0% --
03/11/2024 03/11/24 Price Changed $1,425 -13.6% $2 / Sq Ft
03/05/2024 03/05/24 For Rent $1,650 +3.1% --
04/01/2023 04/01/23 Rented $1,600 0.0% --
02/09/2023 02/09/23 For Rent $1,600 +3.2% --
06/01/2022 06/01/22 Rented $1,550 0.0% --
05/02/2022 05/02/22 Under Contract -- -- --
04/11/2022 04/11/22 For Rent $1,550 0.0% --
05/30/2017 05/30/17 Sold $65,000 -7.1% $77 / Sq Ft
04/30/2017 04/30/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $70,000 -- $83 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $650,000 Progressive Title Solutions
Deed $65,000 --
Quit Claim Deed -- None Available
Source: Public Records

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Source: BeachesMLS

MLS Number: R11099059

BeachesMLS

APN: 74-43-43-20-02-002-0211