tomo logo

$1,500,000

Beds
4
Baths
3.5
sq ft
3,260

2978 Gin Berry Way, West Palm Beach, FL 33401

2978 Gin Berry Way

West Palm Beach, FL 33401

  • <1 day on market
Beautiful Lake front pool home built in 2021 spanning over 3,260sf, with 4 bedrooms + 4.1 bathrooms - all with ensuite bathrooms. Office downstairs + Media Room upstairs. Oversized primary suite, w walk-in closets, oversized shower w floor to ceiling marble. Lake view, with heated pool and covered loggia. This is the largest model in Banyan Cay, full of upgrades: Sonos surround sound system, tray ceilings, built-in LED lighting, custom Lutron electric window shades, hardwood floors throughout, floor-to-ceiling kitchen cabinets, quartz countertops with ''waterfall'' island, high efficiency washer & dryer. Neighborhood is private, gated, and security-guard protected. Banyan Cay is home to Dutchman's Pipe premier private 18 hole Jack Nicklaus golf course & club.

Details

Property type

Single Family Residence

Est. home value

$1,367,682

Lot size

7,505 sq ft

Price per sq ft

$461

Year built

2021

Annual property taxes

$21,257

Monthly HOA fee

$620

Price History

04/03/2025
Beaches

Beaches #R11077838

Listed
$1,500,000
+67.5%
04/16/2021
SEF

SEF #A10864653

Sold
$895,500

Schools & Community

Elementary school: 

Roosevelt

Middle school: 

Roosevelt Community

High school: 

Palm Beach Lakes

Community features: 

Gated, Street Lights, Sidewalks

Negotiation Insights

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

Seller could get up to

$725,110
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$654,890
Cash to seller
$725,110

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

April 2021

Original loan amount

$716,400

Est. remaining balance

$654,890

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

R Brad Lane

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?

Status: Active

Tomo last checked: 04/04/2025 at 4:15 AM

Listing updated: 04/03/2025 at 7:16 PM

Listed by: Alex Platt, Compass Florida LLC Phone #: (561) 300-6056

MLS: Beaches #R11077838

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