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$2,550,000

Beds
6
Baths
3.5
sq ft
4,553

8677 Estate Dr, West Palm Beach, FL 33411

8677 Estate Dr

West Palm Beach, FL 33411

  • 2 days on market
Welcome to your Dream Home in Banyan Estates! Unique and desirable water sports community: boating, water skiing, kayaking, jet skiing and fishing. 41 large home sites, low HOA, gated entrance and tennis courts. This property on a beautiful 1.01 acre features a Main House (5-bedroom plus den/office /2.5BA) and ADU (Accessory Dwelling Unit, 1/1, 945 SqFt). Extensively renovated and move-in ready. It provides a seamless blend of functionality and style, perfect for both everyday living and grand entertaining. Stunning curb appeal w/ huge circular driveway, lush greenery, front porch.The heart of this home is the gourmet Kitchen, boasting top-of-the-line stainless steel appliances, Quartz Countertops, ample counter space, and a large island- a Chef's dream come true!

Details

Property type

Single Family Residence

Est. home value

$1,180,614

Lot size

1 sq ft

Price per sq ft

$561

Year built

1990

Annual property taxes

$8,914

Monthly HOA fee

$317

Price History

03/12/2025
Beaches

Beaches #R11070933

Listed
$2,550,000
+299.06%
08/10/2017
Beaches

Beaches #R10349292

Sold
$639,000

Schools & Community

Elementary school: 

Everglades (Broward)

Middle school: 

Emerald Cove

High school: 

Palm Beach Central

Community features: 

Gated, Tennis Court(s)

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

$2,079,829
Asking price
$2,550,000
Closing costs (~8% of asking)
-$204,000
Est. remaining loan balance
-$266,171
Cash to seller
$2,079,829

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

Seller’s Loan History

Lender

Primary Residential Mortgage Inc

Loan start date

August 2017

Original loan amount

$315,000

Est. remaining balance

$266,171

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Edgar Fortoui and Milmar Fortoui

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: 03/14/2025 at 11:30 AM

Listing updated: 03/13/2025 at 3:55 PM

Listed by: Milmar Velasquez Fortoul, Partnership Realty Inc. Phone #: (561) 355-0270

MLS: Beaches #R11070933

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