Breakwaters 500 Executive Center Dr Unit 51 Floor 5 West Palm Beach, FL 33401
Banyan Cay NeighborhoodEstimated payment $1,909/month
Highlights
- Water Views
- Gated Community
- Community Pool
- Fitness Center
- Clubhouse
- Tennis Courts
About This Home
Meticulously maintained 2BR/2BA condo in gated Breakwaters of the Palm Beaches. Can be sold with current tenant in place for immediate rental income or delivered vacant for buyers wanting to occupy. This condo boasts an open floor plan, spacious bedrooms, and private balcony. Community offers pool, tennis, clubhouse, fitness center, and a fitness trail. Centrally located in West Palm Beach, this is a prime location! Just 2 miles to Downtown West Palm Beach and The Square, 4 miles to Palm Beach International Airport, 5 miles to Palm Beach Island & beaches, and minutes from major highways for easy commuting. Surrounded by shopping, dining, entertainment, and top employers, making it ideal for strong rental demand.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,584
Year Built
- Built in 1979
HOA Fees
- $660 Monthly HOA Fees
Home Design
- Entry on the 5th floor
Interior Spaces
- 960 Sq Ft Home
- Tile Flooring
- Security Gate
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
Parking
- Guest Parking
- Assigned Parking
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 74434320020030051
- Seller Considering Concessions
Community Details
Overview
- Association fees include common areas, cable TV, insurance, sewer, trash, water
- Breakwaters Of The Palm B Subdivision
- 5-Story Property
Amenities
- Clubhouse
- Billiard Room
- Laundry Facilities
Recreation
- Park
- Trails
Security
- Gated Community
- Fire and Smoke Detector
Map
About Breakwaters
Home Values in the Area
Average Home Value in this Area
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 | $2,584 | $106,480 | -- | -- |
| 2023 | $2,450 | $96,800 | $0 | $0 |
| 2022 | $2,206 | $88,000 | $0 | $0 |
| 2021 | $1,936 | $80,000 | $0 | $80,000 |
| 2020 | $1,953 | $80,000 | $0 | $80,000 |
| 2019 | $1,972 | $80,000 | $0 | $80,000 |
| 2018 | $1,727 | $73,000 | $0 | $73,000 |
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Price Changed | $1,945 | -0.3% | $2 / Sq Ft |
| 09/03/2025 09/03/25 | For Rent | $1,950 | 0.0% | -- |
| 08/13/2025 08/13/25 | For Sale | $195,000 | 0.0% | $203 / Sq Ft |
| 07/14/2024 07/14/24 | Rented | $1,900 | 0.0% | -- |
| 06/20/2024 06/20/24 | Under Contract | -- | -- | -- |
| 05/30/2024 05/30/24 | Price Changed | $1,900 | -2.6% | $2 / Sq Ft |
| 05/23/2024 05/23/24 | For Rent | $1,950 | 0.0% | -- |
| 05/23/2024 05/23/24 | Price Changed | $1,950 | +2.9% | $2 / Sq Ft |
| 05/22/2024 05/22/24 | Off Market | $1,895 | -- | -- |
| 05/15/2024 05/15/24 | Price Changed | $1,895 | -1.0% | $2 / Sq Ft |
| 05/10/2024 05/10/24 | Price Changed | $1,915 | -0.3% | $2 / Sq Ft |
| 05/06/2024 05/06/24 | Price Changed | $1,920 | -0.3% | $2 / Sq Ft |
| 04/15/2024 04/15/24 | Price Changed | $1,925 | -1.3% | $2 / Sq Ft |
| 04/07/2024 04/07/24 | For Rent | $1,950 | +2.9% | -- |
| 05/15/2023 05/15/23 | Rented | $1,895 | 0.0% | -- |
| 05/10/2023 05/10/23 | Rented | $1,895 | -2.6% | -- |
| 04/26/2023 04/26/23 | Under Contract | -- | -- | -- |
| 04/04/2023 04/04/23 | Off Market | $1,945 | -- | -- |
| 04/03/2023 04/03/23 | For Rent | $1,925 | -1.0% | -- |
| 03/29/2023 03/29/23 | Price Changed | $1,945 | -2.8% | $2 / Sq Ft |
| 02/28/2023 02/28/23 | For Rent | $2,000 | 0.0% | -- |
| 08/07/2020 08/07/20 | Sold | $85,000 | -16.7% | $89 / Sq Ft |
| 04/10/2020 04/10/20 | Price Changed | $102,000 | -11.3% | $106 / Sq Ft |
| 02/03/2020 02/03/20 | For Sale | $115,000 | 0.0% | $120 / Sq Ft |
| 06/01/2019 06/01/19 | Rented | $1,200 | -4.0% | -- |
| 05/28/2019 05/28/19 | Under Contract | -- | -- | -- |
| 05/01/2019 05/01/19 | Price Changed | $1,250 | -7.4% | $1 / Sq Ft |
| 02/15/2019 02/15/19 | For Rent | $1,350 | +12.5% | -- |
| 02/13/2018 02/13/18 | Rented | $1,200 | 0.0% | -- |
| 01/14/2018 01/14/18 | Under Contract | -- | -- | -- |
| 12/29/2017 12/29/17 | For Rent | $1,200 | 0.0% | -- |
| 01/31/2017 01/31/17 | Sold | $73,000 | -2.7% | $76 / Sq Ft |
| 01/01/2017 01/01/17 | Pending | -- | -- | -- |
| 10/20/2016 10/20/16 | For Sale | $75,000 | 0.0% | $78 / Sq Ft |
| 01/15/2015 01/15/15 | Rented | $825 | 0.0% | -- |
| 12/16/2014 12/16/14 | Under Contract | -- | -- | -- |
| 11/17/2014 11/17/14 | For Rent | $825 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Independence Ttl Ins Agcy In | |
| Warranty Deed | $102,000 | Bright Title Services Llc | |
| Warranty Deed | $73,000 | Priority Title Inc | |
| Warranty Deed | $49,000 | Terramar Guaranty Title & Tr | |
| Warranty Deed | $42,000 | -- | |
| Warranty Deed | $38,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $44,100 | FHA | |
| Previous Owner | $27,638 | Credit Line Revolving |
Source: BeachesMLS
MLS Number: R11115474
APN: 74-43-43-20-02-003-0051
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