For SaleGood Deal14 days on market
1500 Presidential Way #404
1500 Presidential Way #404, West Palm Beach, FL 33401, West Palm Beach, FL 33401
$224,999
Estimate®:$212,800
Listing Price
1500 Presidential Way #404, West Palm Beach, FL 33401
Loc: West Palm Beach, FL
Days Listed
14
Tax Assessed
$178k
Estimate®
$213k
Market Rate
Rent Estimate
$2,187/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Roosevelt Elementary School
PK-5
1.1 mi away
5
Roosevelt Middle School
6-8
1.1 mi away
2
Palm Beach Lakes High School
9-12
2.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modernminimalistluxuryopen-conceptkitchen islandstainless steel appliancesquartz countertopstile flooringcontemporaryclean lineshigh-endsleekbuilt-in cabinetryspacious
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.41%
Total ROI
119.8%
Cash Flow
$221/mo
DSCR
1.19
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $221/mo net cash flow with a 7.4% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.4%)
- • Strong rental demand in West Palm Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-07 | Listed for sale | $224,999 | $188 |
| 2026-07-13 | Listing removed | $224,999 | $188 |
| 2026-07-12 | Listed for sale | $224,999 | $188 |
| 2023-06-06 | Listing removed | $0 | – |
| 2023-05-27 | Listed for rent | $2,500 | $2 |
| 2021-04-13 | Sold | $170,000 | $142 |
| 2016-11-11 | Sold | $90,000 | $75 |
| 2016-11-04 | Pending sale | $95,000 | $80 |
| 2016-09-29 | Listed for sale | $95,000 | $80 |
| 2011-08-23 | Sold | $55,000 | $46 |
| 2011-03-21 | Listed for sale | $59,000 | $49 |
| 2002-06-05 | Sold | $84,900 | $71 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,853 | $178,000 |
| 2024 | $3,890 | $174,361 |
| 2023 | $3,484 | $158,510 |
| 2022 | $3,237 | $144,100 |
| 2021 | $2,250 | $92,400 |
| 2020 | $2,040.51 | $84,000 |
| 2019 | $1,904.56 | $77,000 |
| 2018 | $1,904.56 | $72,000 |
| 2017 | $1,705.84 | $72,000 |
| 2016 | $1,703.25 | $63,800 |
| 2015 | $1,645.98 | $58,000 |
| 2014 | $1,473.21 | $55,000 |
| 2013 | $1,292.1 | $50,000 |
| 2012 | $1,211.01 | $46,000 |
| 2011 | $1,218.03 | $46,000 |
| 2010 | $2,277.13 | $89,100 |
| 2009 | $2,438.05 | $99,000 |
| 2008 | $2,736.1 | $123,800 |
| 2007 | $3,001.89 | $140,000 |
| 2006 | $3,085.18 | $132,000 |
| 2005 | $0 | $93,000 |
| 2004 | $1,138.97 | $74,500 |
| 2003 | $53 | $67,800 |
| 2002 | $603.11 | $47,346 |
| 2001 | $595.95 | $46,600 |
| 2000 | $568.98 | $45,493 |
| 1999 | $480.7 | $46,600 |
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