$129,000
505 Spencer Drive 315
West Palm Beach, FL 33409
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $129,000
- Price per sq ft
- $126
- Original price
- $140,000
- Days on market
- 62
This 2-bedroom condo in Spencer Place Condo is listed at $129,000, or $126 per square foot. The asking price has come down 7.9% from its original $140,000. It has been on the market for 62 days.
Estimated monthly payment
$678 /mo
Principal and interest only, based on $25,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $771/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $129,000
- Days on Site
- 62 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 1,025 sqft
- Total Sq Ft
- 1,025 sqft
- Year Built
- 1977
- Property Type
- Condo
- MLS #
- A12057977
- Property Tax
- $2,571 (2025)
- HOA Fees
- $771 / Monthly
- Subdivision
- SPENCER PLACE CONDO
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Don't miss this incredible opportunity to own one of the best-priced condos in Spencer Place! This spacious 2-bedroom, 2.5-bath residence is ready for a complete renovation, offering the perfect blank canvas to create your dream home or a smart long-term investment.Whether you're looking for a primary residence, a seasonal retreat, or a property to build equity, this condo has unlimited potential. Enjoy a functional floor plan, private outdoor space, and the chance to customize every detail to your personal taste.Spencer Place is an all-ages community featuring a refreshing swimming pool, community room, and a convenient West Palm Beach location close to shopping, restaurants, major highways, the Palm Beach Outlets, downtown West Palm Beach, Palm Beach International Airport, and beautiful area beaches.This is an exceptional value for buyers with vision. Rentals are permitted after two years of ownership, making this an attractive opportunity for those seeking future investment potential. Property is being sold AS IS. Bring your contractor and imagination—this is your chance to create something truly special!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1977
- Number of Stories
- 4
- Garage Spaces
- 1
- Parking
- Assigned / Covered / Guest
- Living Sq Ft
- 1,025
- Total Sq Ft
- 1,025
Interior Features
- Appliances
- Dryer / Disposal / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Laminate
- Interior Features
- Bedroom On Main Level / Elevator / Separate Shower / Stacked Bedrooms / Walk In Closets
Exterior Features
- Construction
- Block
- Exterior Features
- Lighting / None
- Architectural Style
- Other
- Pool Features
- Association
- View
- Other
Community & HOA
- HOA Fee
- $771 / Monthly
- HOA Includes
- Cable Tv / Pest Control / Pools / Sewer / Trash / Water
- Association Amenities
- Clubhouse / Maintenance Grounds / Management / Pool / Parking / Elevators
- Security
- Phone Entry
- Pets Allowed
- No
- Financing Terms
- Cash
- Restrictions
- Limited Number Vehicles / Other Restrictions
- MLS Area
- 5410
Schools
- Elementary School
- Westward
- Middle School
- Bear Lakes
- High School
- Palm Beach Lakes
About the Community
Spencer Place Condo is a community in West Palm Beach, Palm Beach County, Florida. Active listings are priced from $159,000 to $199,995. Homes were built starting 1977. Pure Equity lists homes in Spencer Place and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Under Contract
- 0
- Median List Price
- $145,000
- Median $/Sq Ft
- $134
- Avg Days on Market
- 99
Frequently Asked Questions
- How do I schedule a tour of 505 Spencer Drive 315, West Palm Beach, FL 33409?
- Use the Tour button on this listing to request a showing of 505 Spencer Drive 315, West Palm Beach, FL 33409. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 505 Spencer Drive 315, West Palm Beach, FL 33409 still available?
- 505 Spencer Drive 315, West Palm Beach, FL 33409 is currently listed as Active, and has been on the market 62 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 505 Spencer Drive 315, West Palm Beach, FL 33409?
- With 20% down ($25,800) on the $129,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 505 Spencer Drive 315, West Palm Beach, FL 33409 is about $678/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 505 Spencer Drive 315, West Palm Beach, FL 33409?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 505 Spencer Drive 315, West Palm Beach, FL 33409. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 505 Spencer Drive 315, West Palm Beach, FL 33409 have an HOA fee?
- Yes: 505 Spencer Drive 315, West Palm Beach, FL 33409 carries an HOA fee of about $771 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 505 Spencer Drive 315, West Palm Beach, FL 33409?
- 505 Spencer Drive 315, West Palm Beach, FL 33409 is zoned for Westward (elementary), Bear Lakes (middle), Palm Beach Lakes (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 505 Spencer Drive 315, West Palm Beach, FL 33409?
- Often, yes. The right offer on 505 Spencer Drive 315, West Palm Beach, FL 33409 depends on how it's priced against comparable condo sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of LoKation
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 1, 2026.
$129,000
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Listed by Maria Carolina Skolnick, LoKation
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Recent Sales
Recently sold homes in Spencer Place Condo
These are the last 4 recorded closings in Spencer Place Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $153 per square foot. The most recent closed on September 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$149,000
Sold · September 2, 2026
505 Spencer Drive 410
2 bed · 2 bath · 1,081 sqft · $138/sqft
Sold$152,000
Sold · July 27, 2026
505 Spencer Drive 309
2 bed · 2 bath · 1,081 sqft · $141/sqft
$8,000 under the asking price
Sold$115,000
Sold · March 19, 2026
505 Spencer Drive 208
1 bed · 1 bath · 643 sqft · $179/sqft
$25,000 under the asking price
Sold$165,000
Sold · February 18, 2026
505 Spencer Drive 207
2 bed · 2 bath · 1,081 sqft · $153/sqft
$20,000 under the asking price
See every recorded sale in Spencer Place Condo or find out what your Spencer Place Condo home is worth.
