by Global Lifestyle Properties

See Home Value
$2,800,000
● House - Off Market

941 Banyan Drive

Delray Beach, FL 33483
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,781 Ft²
$3,845,863
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

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!
Unit Size
5,781 Ft²
Days on Market
59 days
Land Size
0.22 acres
Price per sqft
$492
Property Type
House
Property Taxes
$2,506
HOA Dues
$4
Year Built
2005

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R10637239)

Price History

Date / Event Date Event Price
Sep 16, 2020 Sold
Sold
Jul 9, 2020 Listed by Lang Realty/Delray Beach $2,845,000
Listed by Lang Realty/Delray Beach
Mar 1, 2004 Sold
Sold

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 14
  • Roof Shape Type: 6
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 7
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Patio Type: 55
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,718
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 900
  • Total Building Area: 7,685
  • Gross Building Area: 7,685
  • Building Area: 5,781
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,781
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROPIC ISLE 2ND
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: TROPIC ISLE 2ND SECTION LT 176

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 006402

Zoning

  • Zoning: R-1-AA-B

Geography

  • Assessors Map Reference: 358
  • Parcel: 12-43-46-28-02-000-1760
  • Lot: 176
  • Meridian: SEC 28 TWN 46S RNG 43E
  • Municipality: DELRAY BEACH
  • Latitude: 26.4343
  • Longitude: -80.0676

    Address

  • Full Address: 941 Banyan Dr
  • Address - House Number: 941
  • Address - Street Name: Banyan
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Delray Beach
  • Carrier Code: C049
  • 4-Digit Zip Code: 4915
  • Zip Code: 33483

Valuation

    Tax

  • Total Area: 6,234
  • Tax Year: 2022
  • Tax Amount: $3,919,866
  • Tax Rate Code Area: 12984

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 4,426,523
  • High Value: 5,252,547
  • Low Value: 3,600,498

    Market Valuation

  • Market Total Value: $2,994,929
  • Market Land Value: $1,180,000
  • Market Improvement Value: $1,814,929

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,042,343

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200344231
  • Previous Sale Recording Date: Mar 01, 2004
  • Previous Sale Contract Date: Feb 24, 2004
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 54
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tropic Isle North


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 513 Lindell Boulevard, Delray Beach, FL, 33444

$7,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,203 ft²
513 Lindell Boulevard, Delray Beach, FL, 33444 Listing by Elisha Zamir
Unit for rent at 2649 Florida Boulevard, Delray Beach, FL, 33483

$4,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
2649 Florida Boulevard #113, Delray Beach, FL, 33483 Listing by Diane C Keane
Unit for rent at 765 Jeffery Street, Boca Raton, FL, 33487

$5,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,010 ft²
765 Jeffery Street #101, Boca Raton, FL, 33487 Listing by Aaron Oken


Frequently Asked Questions

When was property at 941 Banyan Drive built and last sold?
The property at 941 Banyan Drive was built in 2005 and last sold on Sep 8, 2020 for $2,800,000.
How much is this home worth?
The estimated value of the home located at 941 Banyan Drive is $0.
What are some comparable homes to 941 Banyan Drive?
There are currently no comparable homes to 941 Banyan Drive.