$164,900
SOLD MAY 14, 2025

470 Executive Center Dr Unit 514 West Palm Beach, FL 33401

Banyan Cay Neighborhood
2 Beds
2 Baths
960 Sq Ft
$660/mo HOA Fee

Recently Sold

$172 Per Sq Ft

6% Below List Price

95 Days on Market

Highlights

  • Water Views
  • Gated with Attendant
  • Great Room
  • Fitness Center
  • Clubhouse
  • Community Pool

About This Home

As of May 2025

$5,000 credit offered to buyer and $1000 bonus to buyers agent. Seller pays closing costs to buyer! Welcome to this beautifully maintained and spacious top floor corner unit condo, offering the perfect blend of modern updates and comfortable living. Featuring a stylish kitchen with quartz countertops, a tiled backsplash, and ample cabinet space, this home is designed for both functionality and elegance. The open-concept living area flows seamlessly to the covered balcony, where you can unwind and take in breathtaking sunset views and water views from guest bedroom and primary suite bathroom. This unit features a new water heater and AC, was freshly painted with new fixtures and spotlights as well as kitchen and bathroom upgrades.

Last Agent to Sell the Property

Jeff Tricoli

KW Reserve Palm Beach License #3082942 Listed on: 02/08/2025

KW Reserve Palm Beach

Co-Listed By

Hilda Tricoli

KW Reserve Palm Beach License #3211850

Last Buyer's Agent

Mariana Demkova-Henc

Thur Associates License #3250152

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,153

Year Built

  • Built in 1979

HOA Fees

  • $660 Monthly HOA Fees

Interior Spaces

  • 960 Sq Ft Home
  • Blinds
  • Sliding Windows
  • Great Room
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

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 and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434320020020514
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, laundry, ground maintenance, maintenance structure, parking, reserve fund, roof, trash
  • 195 Units
  • High-Rise Condominium
  • Breakwaters Of The Palm B Subdivision
  • 5-Story Property

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,153

Year Built

Built in 1979

Lot Details

0

HOA Fees

$660 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes to Congress Ave - South to Executive Center Drive - East Breakwaters on the left
  • Year Built: 1979
  • Architectural Style: High Rise
  • Entry Level: 5
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 960.0
  • Dining Room Type: Great Room
  • Stories: 5
  • Window Features: Blinds, Drapes, Sliding

Exterior Features

  • Exterior Features: Balcony
  • View: Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • FrontageLengthRemarks: 0

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Security: Gated with Guard, Phone Entry
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 660.0
  • Community Features: Clubhouse, Gated, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Laundry, Pool, Tennis Court(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Reserve Fund, Roof, Trash

Schools

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

Lot Info

  • Parcel #: 74434320020020514
  • Lot Size: Paved Road,Private Road
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1153.0

Multi Family

  • Number Of Units In Community: 195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2025
Closed on
May 14, 2025
Sold by
Pitruzzella Daniel Christopher
Bought by
Demkova-Hencken Mariana
Seller's Agent
Jeff Tricoli
KW Reserve Palm Beach
Buyer's Agent
Mariana Demkova-Henc
Thur Associates
List Price
$174,900
Sold Price
$164,900
Premium/Discount to List
-$10,000
-5.72%
Total Days on Market
95
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%

Purchase Details

Listed on
Oct 17, 2018
Closed on
Dec 28, 2018
Sold by
Myakushchak Mykola and Myakushchak Galyna
Bought by
Pitruzella Daniel Christopher
Seller's Agent
Michelle Zwart
Continental Properties, Inc.
Buyer's Agent
Flora Robertson
Continental Properties, Inc.
List Price
$118,000
Sold Price
$100,000
Premium/Discount to List
-$18,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
Oct 14, 2003
Sold by
Pano Diana and Rosenberg Diana
Bought by
Myakushchak Mykola and Myakushchak Galyna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2001
Sold by
Ikem Patrick and Ikem Nneka Margaret
Bought by
Rosenberg Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
6.97%

Purchase Details

Closed on
Jun 11, 1997
Sold by
Takhar Alan
Bought by
Ikem Nneka M and Ikem Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.01%
Mortgage Type
New Conventional
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 $164,900 Homelight Title
Warranty Deed $100,000 Sunbelt Title Agency
Warranty Deed $72,000 --
Warranty Deed $49,000 Flagler Title Company
Warranty Deed $32,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $68,400 Purchase Money Mortgage
Previous Owner $35,000 Balloon
Previous Owner $27,000 No Value Available
Previous Owner $30,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Sold $164,900 0.0% $172 / Sq Ft
04/12/2025 04/12/25 Price Changed $164,900 -2.9% $172 / Sq Ft
03/06/2025 03/06/25 Price Changed $169,900 -2.9% $177 / Sq Ft
02/08/2025 02/08/25 For Sale $174,900 +74.9% $182 / Sq Ft
01/09/2019 01/09/19 Sold $100,000 -15.3% $104 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $118,000 -- $123 / Sq Ft
Source: BeachesMLS

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 $1,153 $88,511 -- --
2023 $1,105 $85,933 $0 $0
2022 $1,068 $83,430 $0 $0
2021 $1,042 $81,000 $0 $81,000
2020 $1,975 $81,000 $0 $81,000
2019 $1,065 $81,000 $0 $81,000
2018 $1,435 $74,000 $0 $74,000
2017 $1,290 $64,000 $0 $0
2016 $1,249 $43,923 $0 $0
2015 $1,186 $39,930 $0 $0
2014 $1,066 $36,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11060528

BeachesMLS

APN: 74-43-43-20-02-002-0514