Cays Realty
400 Hibiscus Street 1606, West Palm Beach, FL 33401 — MLS photo

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400 Hibiscus Street 1606, West Palm Beach, FL 33401

Active · Condominium

$2,970,000

400 Hibiscus Street 1606, West Palm Beach, FL 33401

Beds
2
Baths
3
Living area
1,563 sq ft
$ / sq ft
$1,900/sq ft
Year built
2029
Lot size
—
HOA fee
$3,360 Monthly
Annual tax
$0

About this property

At Banyan Tree Residences West Palm Beach, wellbeing shapes daily life. This limited collection of 88 one- to four-bedroom corner homes features seamless indoor-outdoor living, floor-to-ceiling glass, wraparound terraces, and a refined palette of natural materials. Envisioned by OMA with interiors by Yabu Pushelberg, the residences evoke a serene, retreat-inspired atmosphere elevated by resort-style amenities for renewal. Offerings include a holistic wellbeing and fitness program, hydrothermal spa features, meditation spaces, lush outdoor landscape retreats, and curated social lounges. Ideally positioned downtown, moments from the Intracoastal, Palm Beach Island, Worth Avenue, and premier cultural and culinary destinations, Banyan Tree Residences introduces elevated way of living.

Property location

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400 Hibiscus Street 1606, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,563 sq ft
Flooring
Hardwood, Other, Wood
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Wine Cooler, Washer
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Entrance Foyer, High Ceilings, Kitchen Island, Living Dining Room, Main Living Area Entry Level, Shower Only, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
2029
Stories
26
Lot size
0 sq ft
Architectural style
Contemporary Modern, One Story
Roof
Other
Pool
None, Association, Community, Heated
Spa
In Ground, Community
View
Intercoastal, Ocean, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space

HOA, Community & Financials

Association fee
$3,360 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Parking, Pest Control, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Elevators, Fitness Center, Management, Pool, Spa Hot Tub, Security, Trash
Security
Building Security, Other
Pets allowed
No
Annual tax
$0
Subdivision
MODEL LAND CO
County
Palm Beach
Days on market
104
MLS listing ID
B26033772
Listing status
Active

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

Estimated monthly cash flow

-$9,289

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.4%
Gross yield
4.4%
Mortgage payment
$14,079/mo
Down payment
$742,500
Loan amount
$2,227,500
Annual NOI
$57,485

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