1640 Presidential Way 403, West Palm Beach, FL 33401 — MLS photo

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1640 Presidential Way 403, West Palm Beach, FL 33401

Active · Condominium

$244,000

1640 Presidential Way 403, West Palm Beach, FL 33401

Beds
2
Baths
2
Living area
1,424 sq ft
$ / sq ft
$171/sq ft
Year built
2004
Lot size
—
HOA fee
$669 Monthly
Annual tax
$4,441

About this property

Great LOCATION! Walkable area. Discover your new sanctuary in this bright, spacious, and beautifully maintained luxury condo located in the sought-after Park Place Condominium of West Palm Beach. Perfect for those seeking a peaceful retreat with modern comforts, this residence combines elegance, functionality, and convenience in one exceptional package. Peace of mind knowing you have storm impact windows. Uniquely located around your everyday comfort and amenities. Gated entry with precise security access. Step inside this fourth-floor unit via elevator and be welcomed by an appealing walkway and courtyard view taking you into an airy open floor plan filled with natural light. 10 ft ceilings and Saturnia marble flooring in living area. 1344 living sqft and over 1400 total sqf The heart of the home features a nice and open eat in kitchen equipped with stainless steel appliances, 42'' cherrywood cabinets granite countertops, and ample storage, making it ideal for culinary enthusiasts. A charming kitchen window adds warmth and a touch of the outdoors while you cook. The inviting living area boasts of Saturnia marble floors, bright, airy and adorned with a large sliding door that opens out into the covered balcony, giving a lovely exterior view filling the space with natural light offering a picturesque view of the beautifully landscaped yard; the perfect spot to enjoy serene tropical views and fresh breezes. The master suite offers comfort and privacy with dual mirrored closets and an en-suite bathroom featuring a jetted garden tub, separate shower, and generous cabinet space. The guest bedroom is equally bright and inviting, with a well-appointed guest bath that includes a tub-shower combo Outside, relax on your private balcony or explore the community's exceptional amenities. Park Place offers a secure gated entry, additional building security, a fitness center, sauna, game room, multipurpose room, and a sparkling outdoor pool. The unit comes with two assigned parking spaces and plenty of guest parking. Located in a highly desirable neighborhood, this condo is within walking distance to popular shops, an outlet mall, financial institutions dining, and just minutes from downtown West Palm Beach, local parks, and major roadways. Ideal for commuters and outdoor enthusiasts alike. This exceptional home isn't just a place to live, it's a lifestyle centered on comfort, security, and well-being. On-site management and security ensure peace of mind, while HOA fees include access to all amenities that include but not limited to a communal room lounge area with billiards, community pool, gym, sauna etc. Don't miss the chance to call this remarkable property your new home. Schedule a private showing today and experience the perfect blend of luxury, convenience, and tranquility at Park Place.

Property location

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1640 Presidential Way 403, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,424 sq ft
Flooring
Ceramic Tile, Other
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Bathtub, Dual Sinks, Shower Only, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2004
Stories
1
Lot size
0 sq ft
Construction
Other
Exterior features
Balcony
Pool
None, Association, Community

Parking

Covered spaces
0

HOA, Community & Financials

Association fee
$669 Monthly
Fee inclusions
Pools, Security
Amenities
Clubhouse, Elevators, Fitness Center, Pool
Pets allowed
No
Annual tax
$4,441
Subdivision
PARK PLACE CONDO
County
Palm Beach
Days on market
346
MLS listing ID
R11136633
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$572

Cap rate
8.5%
Net yield
8.5%
Cash-on-cash return
10.1%
Gross yield
15.9%
Mortgage payment
$1,157/mo
Down payment
$61,000
Loan amount
$183,000
Annual NOI
$20,750

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.