For Sale - 120 Banyan Isle Dr, $725,000

Great opportunity to own in Ballenisles, one of the premiere country club communities in the country!

This bright, mint condition single story 3 bedroom, 3 bath + den builder's model, reflects the elegance and refinement of a much more expensive home. All 3 bedrooms have ensuite bathrooms and are situated for maximum privacy. Wake up in the master bedroom to long water views, readily available with newly installed motorized shades. Soaring windows throughout invite the plush tropical landscape indoors while still retaining complete privacy. You'll be struck by the grandeur of the volume coffered ceilings

Full Bathrooms3
Half Bathrooms0
High School
Middle School
Elementary School
MLS NumberA10322695
Virtual Tour
Verified09/20/2017 01:30am

Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2724773

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Listing provided by Illustrated Properties. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

120 Banyan Isle Dr is a 3,549 sq ft Single Family in Palm Beach Gardens. It was built in 1999. In 2016 similar properties sold for between $466,673 and $664,986. We estimate the income value of 120 Banyan Isle Dr at $61,243. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

120 Banyan Isle Dr Property Summary

120 Banyan Isle Dr
Palm Beach Gardens
FL 33418

Property Size:3,549 sq ft
Year Built:1999
Property Class:B3
Lat, Long: 26.817, -80.112
Estimated Value: 120 Banyan Isle Dr

Market Data

In 2016 class A single family properties in Palm Beach Gardens sold for $182.76 to 575.81 per sq ft with a median price per sq ft of $209.96. Class B properties sold for $128.25 to 182.75 per sq ft with a median of $155.64 and class C properties sold for $11.45 to 128.24 per sq ft with a median of $118.98.

Market Valuation

120 Banyan Isle Dr appears to be a B Class property. Suggested value: $566,339

Value664,986 566,339 466,673

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $61,243. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 120 Banyan Isle Dr:

  • The Household Income estimate assumes the tenant has a total household income of $177,736 and spends 35% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $5,184
Household Income - Renters $2,375
Market Rents $2,143
Price/Ft $2,224

Expense Estimates:

  • Census data records show 6% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 120 Banyan Isle Dr. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent2,143
Annual Rent per Sq Ft7.00
Gross Annual Rent25,713
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount2,828
HOA, Utilities and CAM0
Property Taxes10,684
Management Fees2,571
Cap Rate7
Estimated Value61,243
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $85,423. The bottom 10% of the population earn less than $25,310 per year. The top 10% earn more than $291,096 per year. The top 1% earn more than $691,178 per year. Most renters earn between $35,844 (20th percentile) and $67,212 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $170,846 and $213,558.

The tax assessed value of this property places it in percentile 82 of all properties in this area. This suggests it would appeal to someone earning around $177,736 per year who should qualify for a mortgage between $355,472 and $444,340.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,276. Most renters earn between $2,987 and $5,601 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $944 (20th percentile) to $1,734 (80th percentile) range. The residential vacancy rate is 6%.

This property falls in percentile 82 of all properties in this area. This corresponds to a rent of $1,824 per month and a monthly household income of $5,705 ($68,460 per year)


  1. 120 Banyan Isle Dr, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 120 Banyan Isle Dr, Palm Beach Gardens, FL on
  3. 120 Banyan Isle Dr, Palm Beach Gardens, FL on Google Maps
  4. 120 Banyan Isle Dr Walkscore
  5. Palm Beach Gardens, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Bleznak Holdings, L.P. (106 Banyan Isle Dr)
  2. Bleznak Realty, L.P. (106 Banyan Isle Dr)
  3. Bleznak Management, Inc. (106 Banyan Isle Dr)
  4. Bleznak Enterprises, Inc. (106 Banyan Isle Dr)
  5. Ddh Design, LLC (105 Banyan Isle Dr)
  6. Safer Family Ltd. (111 Banyan Isle Dr)
  7. Aaronson Family, Ltd. (111 Banyan Isle Dr)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.