tomo logo

$5,750,000

Beds
5
Baths
5.5
sq ft
6,174

12085 Banyan Rd, North Palm Beach, FL 33408

12085 Banyan Rd

North Palm Beach, FL 33408

  • 308 days on market
    • Price drop $450,000↓
Don't miss this opportunity to live on Banyan Road in Seminole Landing - the most private location within this exclusive, gated oceanfront community. Situated on an expansive homesite, this uniquely designed home is perfect for a full renovation or a new build opportunity. This estate includes 5 bedrooms plus an office, 5 1/2 baths and a separate guest house with a club room, 6.5 car garage and a resort style pool with custom waterfall. Seminole Landing is ideally located in the heart of North Palm Beach. High end boutique shopping, elegant dining, world renowned golf courses and many cultural & sporting venues are located just minutes away! A must see!

Details

Property type

Single Family Residence

Est. home value

$3,710,121

Lot size

0.53 acres

Price per sq ft

$932

Year built

1976

Annual property taxes

$19,387

HOA

Yes

Price History

08/02/2024
Beaches

Beaches #R10962166

Price change
$5,750,000
-7.26%
05/16/2024
Beaches

Beaches #R10962166

Price change
$6,200,000
-7.46%
03/27/2024
Beaches

Beaches #R10962166

Price change
$6,700,000
-6.94%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Street Lights, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Merrill Lynch Credit Corp

Loan start date

December 2006

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Credit Line (Revolving), 20 year

Seller

David Scott Wood and Christine Wood

Lender

Southtrust Bk Natl Assn

Loan start date

February 2000

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

8.06%

Loan type

Credit Line (Revolving)

Seller

David S Wood

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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2117 N Suzanne Cir, North Palm Beach, FL 33408

Status: Active

Tomo last checked: 12/23/2024 at 5:40 AM

Listing updated: 12/10/2024 at 12:48 PM

Listed by: Michele Sousa, K2 Realty, Inc. (NPB) Phone #: (561) 691-1223

MLS: Beaches #R10962166

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