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Banyan Tree Village

Banyan Tree Village

Banyan Tree Village
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

555 Banyan Tree Ln
Delray Beach, FL 33483
55 Units
4 Stories
1961 Year Built
$184K - $532K Value Range

Available Units

For Sale
For Rent

Highlights

  • Fitness Center
  • Boca Raton Community Middle School Rated A-
  • Clubhouse
  • Garden View
  • Community Pool
  • Shuffleboard Court

Charming Four-Story Condominium in Downtown Delray Beach

Banyan Tree Village, constructed in 1961, is a four-story condominium building located in the vibrant heart of Downtown Delray Beach. This community comprises 55 units and offers a serene living environment with landscaped grounds and a pool area. The building's flat roof and simple facade are complemented by balconies for each unit, providing residents with their own outdoor space. The location is ideal for those who appreciate the blend of a relaxed beach lifestyle with the conveniences of urban living.

Diverse Floor Plans with Modern Features

Banyan Tree Village offers a variety of floor plans to suit different needs, ranging from cozy studios to spacious three-bedroom units. Studio units, approximately 500 square feet, feature one bathroom and are perfect for those seeking a compact yet comfortable living space. One-bedroom units, also around 500 square feet, typically sell for about $220,000 and include modern amenities. The two-bedroom units, approximately 1,300 square feet, offer two full bathrooms and sometimes additional half bathrooms. These units are priced between $310,000 and $360,000. They often feature luxury vinyl plank flooring, spacious living rooms with panoramic views of the lush garden and pool area, and master suites with large walk-in closets and private patios. The largest units in the building are the three-bedroom layouts, ranging from 1,300 to 1,600 square feet. These units include three bathrooms and are priced around $600,000. Unique features in these units include dual primary suite options, updated kitchens with quartz countertops and stainless steel appliances, and spacious living areas that extend to private patios. Monthly HOA fees range from $300 to $800, covering common areas, cable TV, ground maintenance, maintenance structure, parking, roof, sewer, trash, and water.

Comprehensive Amenities for a Comfortable Lifestyle

Banyan Tree Village offers a range of amenities designed to enhance the living experience of its residents. The heated pool provides a perfect spot for relaxation and socializing, while the community clubhouse offers a full kitchen and entertainment space with pool and poker tables. A small library is available for those who enjoy a quiet reading space. The building also features ample green space, allowing residents to enjoy the outdoors without leaving the property. Each unit comes with air conditioning, a balcony, and controlled access for added security. Additional amenities include a dishwasher, microwave, washer/dryer, heating, disposal chutes, and ceiling fans. Furnished units are available for those seeking a turnkey living solution. The community is pet-friendly, allowing one cat per unit. The combination of these amenities and services makes Banyan Tree Village a desirable place to call home.

Vibrant Downtown Delray Beach Neighborhood

Banyan Tree Village is situated in the lively Downtown Delray Beach neighborhood, known for its sophisticated beach lifestyle. The area offers a plethora of ways to enjoy the sun, including the municipal beach, which has been recognized as one of Florida’s top beaches. Residents can take advantage of the nearby Atlantic Dunes Beach Park, just a short walk away, for a serene beach experience. The neighborhood is rich in dining and shopping options, with Atlantic Avenue serving as the commercial core. Popular spots include Tramonti for Italian cuisine, Cut 432 for steak, and fast-casual options like Tony's Market & Deli and the seed. Coffee + Juice Bar. Shopping is convenient with well-known brands like Tommy Bahama and Urban Outfitters, as well as multiple Publix locations, Fresh Market, and Trader Joe's. For those interested in cultural activities, the Cornell Art Museum at Old School Square and the Arts Garage offer contemporary exhibits and concerts. The area also hosts a variety of events throughout the year, including the Christmas Tree Lighting Celebration, St. Patrick’s Day parade, and Fourth of July festivities. The neighborhood’s walkability and vibrant atmosphere make it a dynamic place to live.

Accessible Transportation Options

Banyan Tree Village is well-connected with various transportation options. The building is located near several bus stops, including Federal HWY & Banyan Tree Ln, Federal HWY & Linton Blvd, and SE 5th Ave & Plz Delray Svc Rd, all within a five-minute walk. These stops are serviced by transit lines such as DLB X-TWN via LINTON, PBG - BCR via US-1, and DLB X-TWN via LAKE IDA. For those who prefer rail travel, the Delray Beach Tri-Rail station is approximately a five-minute drive away, providing convenient access to the Tri-County Commuter line. Major highways like Interstate 95 are easily accessible, facilitating commutes to other parts of South Florida. The Palm Beach International Airport is about a 30-minute drive from the building, while Fort Lauderdale/Hollywood International Airport is approximately 40 minutes away. These transportation options ensure that residents can easily navigate the area and beyond, whether for work or leisure.

Available Condos

Building Details

Views

  • Garden
  • Pool

Recreation

  • Shuffleboard Court
  • Fitness Center
  • Community Pool
  • Park
  • Trails

Amenities

  • Clubhouse
  • Game Room
  • Controlled Access

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Pet Policy

  • Pets Allowed

Condo Association

  • $698 Monthly HOA Fees
  • Monthly HOA Fees Range from $282 - $860
  • Association fees include common areas, cable TV, insurance, maintenance structure, parking, pool(s), roof, sewer, trash, water
  • Banyan Tree Villaga Subdivision

Building Design

  • Impact Glass
  • Trash Chute
  • Elevator

Unit Features

  • Balcony

Unit Information

Unit
11
302
304
Beds
3 Beds
2 Beds
3 Beds
Baths
3 Baths
2 Baths
3 Baths
Sq Ft
1,600
1,300
1,500
Price
$475,000
$349,900
$389,000
Price / Sq Ft
$297 / Sq Ft
$269 / Sq Ft
$259 / Sq Ft
List Date
11/15/2024
10/29/2024
01/25/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$231,982
1 Bedroom Units
Sq Ft Range
520
Est. Values
$183,799 - $255,000
2 Bedroom Units
Sq Ft Range
1,300
Est. Values
$310,701 - $445,692
3 Bedroom Units
Sq Ft Range
1,300 - 1,600
Est. Values
$395,591 - $531,565
All Units
Sq Ft Range
520 - 1,600
Est. Values
$183,799 - $531,565

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Bikeable

Bike Score®

61 / 100

Very Walkable

Walk Score®

72 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

73 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$47K - $360K
Range of Taxes in Building
$404 - $6,277
Range of Taxes per Sq Ft
$0.31 - $5.88

Property Tax History

Source: Public Records

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