505 Spencer Drive 407, West Palm Beach, FL 33409 (MLS# B26099990)

505 Spencer Drive 407, West Palm Beach, FL 33409

New Listing
$129,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,081 Status: Active
Current Price: $129,000 List Date: 11/13/2026 Last Modified: 11/13/2026

Overview

Description

INCREDIBLE VALUE on this 4th (TOP FLOOR) Condo in a GREAT LOCATION! This condo is Priced Right and Ready for Your Personal Touches! Needs Renovation and AC. This is an Excellent Opportunity to Buy Well-Below Market Value and Upgrade for Equity and Personal Preferences. This Condo is located in a Very Convenient Location Close to Okeechobee Blvd, Near Night Life, Great Restaurants, and Shopping. Nice Building and Amenities. Monthly Maintenance Includes WATER & CABLE!

Listing Details MLS# B26099990

General Property Information

Number Of Units In Community
52
Total Units In Building
52
Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1081
Building Area Source
Public Records
Living Area Main
1081
Living Area Source
Public Records
Adjusted Area Main
1081
Accessibility Features YN
No
Year Built
1977
Parking Total
2
Gated Community YN
No
Senior Community YN
No
Stories Total
4
Stories
Yes
Direction Faces
North
Fireplace YN
No
Pool Private YN
No
Washer/Dryer Allowed YN
Yes
LP/Assessed Value
0.91

Property Features

Application Information: 3-4 Weeks Approval; Association Approval Required; Personal Interview Required Association Fee Includes: Trash Flooring: Other Leasing Permitted Details: Okay To Lease With Restrictions Parking Features: Assigned; Guest Property Condition: Resale Special Listing Conditions: Standard Appliances: Dryer; Washer Construction Materials: CBS; Other Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Cats Only; Number Limit Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions; Limited # Vehicles; Parking - No Truck Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Roof: Other Sewer: Public Sewer Structure Type: Multi Family Tax Information: Tax Reflects No Exemptions Utilities: Cable Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Showing Service; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
129000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
505
Street Name
Spencer
Street Suffix
Drive
Unit Number
407
Municipality Type
Incorporated
Municipal Code
74
State Or Province
FL
Postal Code
33409
Postal Code +4
3634
Subdivision Name
SPENCER PLACE CONDO
Area
5410
Geographic Area
PB23
Elementary School
Westward
Middle Or Junior School
Bear Lakes
High School
Palm Beach Lakes
Special Assessment YN
Yes
Parcel Number
74434319140004070
Subdivision Number
14
Zoning
MF32 (city)
Flood Zone
AE,X
Directions
Please use GPS

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
772
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Name
Spencer Place Condo
Association Phone
561-641-8554
Association Email
dofferman@grsmgt.com
Association Website
https://www.spencerplacecondo.com/
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
772
Membership Fee Required YN
No
Tax Annual Amount
3089.74
Tax Year
2026
Tax Assessed/SOH Value
141000
Tax Legal Description
SPENCER PLACE COND UNIT 407
Assessor Market Value
141000

Status Change Information

Major Change Timestamp
2026-11-13T18:50:28Z
Major Change Type
New Listing
Status Change Date
2026-11-13

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Co-Ownership

Property Management YN
Yes
Property Management Name
GRS Community Management
Property Management Phone
561-641-8554
Property Management Email
dofferman@grsmgt.com

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Maximum Number Of Pets
2
Pet Fee YN
No
Other Pet Restrictions
Dogs are NOT allowed. Residents may have up to two cats, not to exceed 20 lbs.

Price Calculations

Current Price To SqFt
119.33

Originating Details

Originating System Key
20261112210032408661000000
Originating System ID
M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom
IDX
Listing Office: Charles Rutenberg Realty FTL
Source MLS Verified
Last Updated: November - 13 - 2026
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