$100,000
SOLD JAN 9, 2019

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

Banyan Cay Neighborhood
2 Beds
2 Baths
960 Sq Ft
$400/mo HOA Fee

Recently Sold

$104 Per Sq Ft

15% Below List Price

53 Days on Market

Highlights

  • Water Views
  • Great Room
  • Tennis Courts
  • Gated with Attendant
  • Community Pool
  • Balcony

About This Home

As of May 2025

THIS SPACIOUS AND UPDATED CONDO HAS BEEN BEAUTIFULLY MAINTAINED AND IS READY TO MOVE RIGHT IN TO. KITCHEN HAS BEEN REMODELED WITH QUARTZ COUNTERTOPS AND NEW APPLIANCES. BOTH BATHROOMS HAVE BEEN UPDATED AS WELL. INCREDIBLE SUNSET VIEWS FROM THE COVERED BALCONY! WASHER AND DRYER ON EVERY FLOOR. GATED COMMUNITY AND TELEPHONE ACCESS FOR EACH BUILDING. OLYMPIC SIZED POOL, TENNIS AND GYM. CAN RENT OUT RIGHT AFTER PURCHASE. MAINTENANCE FEES INCLUDE CABLE AND WATER. CONVENIENT LOCATION JUST A SHORT DRIVE TO THE BEACH, AIRPORT, DOWNTOWN WEST PALM BEACH AND THE PALM BEACH OUTLET SHOPS. ONE PET UP TO 20 POUNDS IS OK. DOG TOO!

Last Agent to Sell the Property

Michelle Zwart

Continental Properties, Inc. License #670671 Listed on: 10/17/2018

Continental Properties, Inc.

Co-Listed By

Jason Zwart

Continental Properties, Inc. License #693529

Last Buyer's Agent

Flora Robertson

Continental Properties, Inc. License #3377519

Continental Properties, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1979

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

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

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434320020020514

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, ground maintenance, maintenance structure, trash, water
  • 195 Units
  • High-Rise Condominium
  • Breakwaters Subdivision
  • 5-Story Property

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Phone Entry

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,290

Year Built

Built in 1979

Lot Details

0

HOA Fees

$400 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 - EastBreakwaters on the left
  • Year Built: 1979
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Split Bedrooms
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 960.0
  • Dining Room Type: Great Room
  • Stories: 5
  • Window Features: Blinds

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
  • Roof: Other

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • 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, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 400.0
  • Community Features: Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Pool, Tennis Court(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water

Lot Info

  • Parcel #: 74434320020020514
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1290.0

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
Compson Associates Inc
List Price
$174,900
Sold Price
$164,900
Premium/Discount to List
-$10,000
-5.72%
Views
73
Current Estimated Value
$176,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,141
Avg. Annual Appreciation
21.91%

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: R10473371

BeachesMLS

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