NOT LISTED FOR SALE

Estimated Value: $4,258,490 - $6,634,000

6 Beds
6.5 Baths
5,781 Sq Ft
$915/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $2,800,000 $484 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $30,794/month

34 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Private Pool
  • Boca Raton Community Middle School Rated A-
  • Home fronts navigable water
  • Roman Tub

About This Home

As of September 2020

Welcome to 941 Banyan Drive in Delray Beach's famed waterfront neighborhood, Tropic Isle. This magnificent waterfront modern transitional home is situated on a quiet cul-de-sac, and showcases the most current styles and trends. An original Colestock & Muir designed home, careful consideration was taken to create the perfect balance of luxury and open entertaining spaces. This home is comfortably spacious with six en-suite bedrooms, first floor powder room, gourmet chef's kitchen with informal dining and living rooms, formal dining room, sitting room, outdoor kitchen and covered patio overlooking the resort pool and dock, and Chicago brick driveway. Uncommon construction highlights include entire home, pool and dock built on cement pilings, wide plank Brazilian wood floors, honed Jerusalem marble floors, butler's pantry with wet bar, and second floor and staircase are all concrete. Additional features include an elevator, floor to ceiling hurricane impact windows and doors, whole house generator with automatic transfer switch, gas fireplace, three garage bays, two underground propane gas tanks, pool with heated spa, coffered ceilings, upstairs and downstairs laundry rooms and a sizeable backyard, and four brand new air conditioning units. The oversized master suite is luxuriously appointed with his-and-her toilets, dual walk-in closets, a wet bar and French doors leading to an over-sized balcony. Tropic Isle is ideally located just moments from famed Atlantic Avenue where you will find high end boutique shops, restaurants, nightlife and the beach. For the yachtsman, this home is located on a wide deepwater canal with no fixed brides, between the Boca Raton and Boynton Beach inlets. If you have been looking for a home built far above the norm, your search is over. Welcome home!

Last Agent to Sell the Property

Elena Carissimo

Lang Realty/Delray Beach License #3387824 Listed on: 07/17/2020

Lang Realty/Delray Beach

Last Buyer's Agent

Anthony Petrolia

RE/MAX Services License #518238

RE/MAX Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,068

Year Built

  • Built in 2006

Lot Details

  • 9,720 Sq Ft Lot
  • Lot Dimensions are 90x105
  • Home fronts navigable water
  • Home fronts a canal
  • South Facing Home

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Garage

Interior Spaces

  • 5,781 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • French Doors
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Roman Tub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Property has ocean access
  • No Fixed Bridges

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434628020001760

Community Details

Overview

  • Tropic Isle Subdivision, Like New Floorplan

Recreation

  • Boat Ramp
  • Boating
  • Community Pool
  • Community Spa
  • Trails

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,068

Year Built

Built in 2006

Lot Details

9,720 Sq Ft Lot

HOA Fees

$4 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Federal Hwy to Tropic Blvd. Turn right on Spanish Trail and then turn left on Banyan Drive. The House is on the North side.
  • Year Built: 2006
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Bidet, Dual Sinks, Elevator, Garden Tub/Roman Tub, Multiple En Suite Bathrooms, Pantry, Split Bedrooms, Storage, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Free-Standing Freezer, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 5781.0
  • Stories: 2

Exterior Features

  • Pool Features: Association
  • Pool Private: Yes
  • Waterfront Features: Canal Front, Navigable Water, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Laundry Features: Inside
  • Other Equipment: Fuel Tank(s)
  • Security: Fire Alarm
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association, Boat Facilities, Street Lights
  • Senior Community: No
  • Amenities: Boating, Elevator(s), Pool, Spa/Hot Tub, Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434628020001760
  • Lot Size Acres: 0.22
  • Lot Size: 90x105
  • Lot Size Sq Ft: 9583.2
  • Mobile Dim Units: Feet
  • Zoning: B (city)

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 30068.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 8, 2020
Sold by
Kaufman Ezekiel Ari and Park Chan Joo
Bought by
Beacham Charles W and Beacham Lucy
Seller's Agent
Elena Carissimo
Lang Realty/Delray Beach
Buyer's Agent
Anthony Petrolia
RE/MAX Services
List Price
$2,845,000
Sold Price
$2,800,000
Premium/Discount to List
-$45,000
-1.58%
Current Estimated Value
$5,292,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,492,373
Avg. Annual Appreciation
12.27%

Purchase Details

Closed on
Oct 29, 2008
Sold by
Dusinberre Peter S and Dusinberre Tracey
Bought by
Kaufman Ezekiel Ari and Park Chan Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2006
Sold by
941 Banyan Llc
Bought by
Dusinberre Peter S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,925,000
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 22, 2004
Sold by
Brown Theodore Shelden and Brown Theodore Sheldon
Bought by
941 Banyan Llc

Purchase Details

Closed on
Sep 16, 2004
Sold by
Zoby Elizabeth and Brown Elizabeth Terry
Bought by
941 Banyan Llc

Purchase Details

Closed on
Feb 24, 2004
Sold by
Gillette Dennis
Bought by
941 Banyan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Beacham Charles W $2,800,000 Old Republic Natl Ttl Ins Co
Kaufman Ezekiel Ari -- None Available
Dusinberre Peter S -- Spectrum Title Inc
941 Banyan Llc -- --
941 Banyan Llc -- --
941 Banyan Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaufman Ezekiel Ari $1,500,000
Previous Owner Dusinberre Peter S $1,925,000
Previous Owner 941 Banyan Llc $1,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $2,800,000 -1.6% $484 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $2,845,000 -- $492 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $39,035 $2,229,556 -- --
2024 $39,035 $2,166,721 -- --
2023 $39,322 $2,103,613 $0 $0
2022 $39,199 $2,042,343 $0 $0
2021 $39,397 $1,982,857 $900,000 $1,082,857
2020 $30,434 $1,525,476 $0 $0
2019 $30,069 $1,491,179 $0 $0
2018 $28,860 $1,463,375 $0 $0
2017 $28,822 $1,433,276 $0 $0
2016 $29,030 $1,403,796 $0 $0
2015 $29,821 $1,394,038 $0 $0
2014 $30,026 $1,382,974 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10637239

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-28-02-000-1760

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