505 Spencer Drive 407, West Palm Beach, FL 33409 (MLS# B26056562)

505 Spencer Drive 407, West Palm Beach, FL 33409

New Listing

$145,000

Virtual Tour

https://www.propertypanorama.com/505-Spencer-Drive-Unit-407-West-Palm-Beach-FL-33409/unbranded

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,081 Status: Active

Current Price: $145,000 List Date: 7/25/2026 Last Modified: 7/25/2026

Overview

Description

Welcome to Spencer Place Condo in West Palm Beach, a well-designed two-bedroom, two-bathroom residence offering 1,081 square feet of comfortable living space. This four-story condominium provides an efficient layout perfect for those seeking a straightforward, practical home in an established community. The generously proportioned bedrooms and full bathrooms offer convenience and functionality for everyday living. Amazing location- all services conveniently close by, yet tucked away for privacy, safety, and serenity. Located in West Palm Beach, top 4th floor with unobstructed views from every bedroom window and the balcony. This is perfect opportunity for Handymen/DIYers and Investors to remodel to your liking, Seller is open for all offers!

Listing Details MLS# B26056562

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
Accessibility Features YN: No
Year Built: 1977
Garage YN: Yes
Attached Garage YN: Yes
Parking Total: Yes
Gated Community YN: No
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 4
Stories: Yes
Direction Faces: North
Pool Private YN: No
Spa YN: No
Furnished: Unfurnished
Washer/Dryer Allowed YN: Yes
Year Roof Installed: 2021
Lot Size Area: 0

Property Features

Application Information: Association Approval Required Association Amenities: Security Association Fee Includes: Common Areas; Elevator; Insurance; Maintenance Grounds; Pest Control; Pool Service; Trash; Water Flooring: Ceramic Tile; Laminate Leasing Permitted Details: Okay To Lease With Restrictions Parking Features: Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Dryer; Electric Range; Oven; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Bedroom Layout - Stacked; Elevator; Walk-In Closet(s) Laundry Features: In Kitchen; Inside; Main Level Levels: One Listing Terms: Cash; Conventional Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: Cats OK; Cats Only; Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions; Limited # Vehicles; No Corporate Buyer; Parking - No Boat; Parking - No Commercial Vehicles; Parking - No Motorcycle; Parking - No RV; Parking - No Truck Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Roof: Other Sewer: Public Sewer Special Information: Handyman Special; Sold As-Is Structure Type: Multi Family Tax Information: City/County; No Homestead Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Text Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered; Balcony - Screened Room Types: Bedroom 2; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 145000
Negotiable Seller Concessions YN: Yes
Occupant Type: Owner
Listing Service: Full Service
Seller Represented YN: No

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
State Or Province: FL
Postal Code: 33409
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: No
Parcel Number: 74434319140004070
Zoning: MF32 (city)
Multiple Offers Accepted: Yes

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 771.83
Association Fee Frequency: Monthly
Association Membership: Mandatory
Association Reserves YN: Yes
Application Required YN: Yes
Association Name: Spencer Place Condominium Association
Association Phone: 561-983-6000
Association Email: spencerplaceboard@gmail.com
Master Association YN: Yes
Master Association Name: GRS MNGT Property Management
Master Association Phone: 561-641-8554
Master Association Email: Applications@grsmgt.com
Estimated Monthly Assoc Recurring Fee: 772
Membership Fee Required YN: No
Tax Annual Amount: 3097
Tax Year: 2025
Tax Legal Description: SPENCER PLACE COND UNIT 407

Status Change Information

Major Change Timestamp: 2026-07-25T16:04:34Z
Major Change Type: New Listing
Status Change Date: 2026-07-25

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Location: Opposite the pool

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease With Restrictions: Yes

Parking Information

Open Parking Spaces: Yes

Capital Contributions

Capital Contributions YN: No

Co-Ownership

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

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 2

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Room Types

Kitchen Level: Main
Bedroom 2: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 134.13

Originating Details

Originating System Key: 20260725124207802585000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Information

Association Approval Required: Yes

Amenities

Community Room: Yes
Elevator(s): Yes
Parking: Yes
Pool: Yes
Sidewalks: Yes
Trash Chute: Yes

Association Amenities

Security: Yes

Association Fee Includes

Common Areas: Yes
Elevator: Yes
Insurance: Yes
Maintenance Grounds: Yes
Pest Control: Yes
Pool Service: Yes
Trash: Yes
Water: Yes

Flooring

Ceramic Tile: Yes
Laminate: Yes

Parking Features

Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Handyman Special: Yes
Sold As-Is: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

City: Yes

Heating

Central: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Bedroom Layout - Stacked: Yes
Elevator: Yes
Walk-In Closet(s): Yes

Laundry Features

In Kitchen: Yes
Inside: Yes
Main Level: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Other: Yes

Water Source

Public: Yes

Architectural Style

Other: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Text Listing Agent: Yes

Main Living Area

Entry Level: Yes

Master Bedroom/Bath

Separate Shower: Yes

Membership

No Membership Available: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Cats OK: Yes
Cats Only: Yes
Pet Restrictions Possible: Yes

Restrictions

Buyer Approval Required: Yes
Lease Restrictions: Yes
Limited # Vehicles: Yes
No Corporate Buyer: Yes
Parking - No Boat: Yes
Parking - No Commercial Vehicles: Yes
Parking - No Motorcycle: Yes
Parking - No RV: Yes
Parking - No Truck: Yes

Other Leasing Restrictions

Leasing Prohibited 1st 2 Years: Yes

Tax Information

City/County: Yes
No Homestead: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Covered: Yes
Balcony - Screened: Yes

Room Information

Kitchen Length: 10.00 Length: 10.00 Width: 8.00 Width: 8.00 Level: Main Living Room Length: 24.00 Length: 24.00 Width: 17.00 Width: 17.00 Master Bedroom Length: 17.00 Length: 17.00 Width: 13.00 Width: 13.00 Bedroom 2 Length: 12.00 Length: 12.00 Width: 11.00 Width: 11.00

Listing Office: Paradise Real Estate Intl

Last Updated: July - 25 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.