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$425,000

Beds
3
Baths
2.0
sq ft
1,436

5779 Island Reach Ln, Boynton Beach, FL 33437

5779 Island Reach Ln

Boynton Beach, FL 33437

  • 60 days on market
    • Price drop $15,000↓
THIS IS THE ONE YOU'VE BEEN WAITING FOR! Step into this beautifully updated 3-BED, 2-BATH VILLA in the highly sought-after Majestic Isles--a vibrant 55+ community known for its resort-style amenities and prime Boynton Beach location. From the moment you enter, you'll be captivated by the gorgeous lake views visible from both the lake room and primary suite. The home is storm-ready with IMPACT SLIDERS & WINDOWS THROUGHOUT, offering both security and peace of mind. The spacious kitchen is designed to impress with granite countertops, newer stainless steel appliances, a stylish tile backsplash, and a brand-new refrigerator (2023). Enjoy low-maintenance living with NO CARPET! Beautiful updated flooring in all bedrooms complements the thoughtfully chosen light fixtures throughout the home.

Details

Property type

Est. home value

$408,638

Lot size

5,759 sq ft

Price per sq ft

$296

Year built

1997

Annual property taxes

$4,411

Monthly HOA fee

$568

Price History

03/14/2025
Beaches

Beaches #R11057894

Price change
$425,000
-3.41%
01/31/2025
Beaches

Beaches #R11057894

Listed
$440,000
-4.33%
12/10/2024
Beaches

Beaches #R11003431

Removed
$459,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated

Senior community center: 

Yes

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

$57,726
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$333,274
Cash to seller
$57,726

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

February 2023

Original loan amount

$341,880

Est. remaining balance

$333,274

Interest rate

6.27%

Loan type

FHA, 30 year

Seller

Frances V Troy

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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Status: Active

Tomo last checked: 04/01/2025 at 7:15 PM

Listing updated: 03/26/2025 at 10:36 AM

Listed by: Alain Brodeur, One Sotheby's International Realty Phone #: (561) 997-7227

MLS: Beaches #R11057894

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