How do I schedule a tour of 505 Spencer Drive 407, West Palm Beach, FL 33409?

Use the Tour button on this listing to request a showing of 505 Spencer Drive 407, 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 407, West Palm Beach, FL 33409 still available?

505 Spencer Drive 407, West Palm Beach, FL 33409 is currently listed as Active, and has been on the market 77 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 407, West Palm Beach, FL 33409?

With 20% down ($29,000) on the $145,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 505 Spencer Drive 407, West Palm Beach, FL 33409 is about $762/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 407, 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 407, 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 407, West Palm Beach, FL 33409 have an HOA fee?

Yes: 505 Spencer Drive 407, West Palm Beach, FL 33409 carries an HOA fee of about $772 monthly (Spencer Place Condominium Association). 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 407, West Palm Beach, FL 33409?

505 Spencer Drive 407, 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 407, West Palm Beach, FL 33409?

Often, yes. The right offer on 505 Spencer Drive 407, 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.

Active

77 Days on Market

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$145,000

505 Spencer Drive 407

West Palm Beach, FL 33409

SPENCER PLACE CONDO

Explore the area: West Palm Beach homes for sale · Palm Beach County real estate

Price Check

How this price compares

List price: $145,000
Price per sq ft: $134
Vs. nearby sales: 8.8% below
Days on market: 77

This 2-bedroom condo in Spencer Place Condo is listed at $145,000, or $134 per square foot. It has been on the market for 77 days. The 4 most recent condo sales in the closings shown below sold at a median of $147 per square foot, so the asking price is 8.8% below what comparable homes here actually sold for.

Bedrooms

Bathrooms

1,081

Living Sq Ft

1977

Year Built

Estimated monthly payment

$762 /mo

Principal and interest only, based on $29,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $772/mo HOA are not included.

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Listing Snapshot

Price: $145,000
Days on Site: 77 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 1,081 sqft
Total Sq Ft: 1,081 sqft
Year Built: 1977
Property Type: Condo
MLS #: B26056562
Property Tax: $3,097 (2025)
HOA Fees: $772 / Monthly
Subdivision: SPENCER PLACE CONDO
County: Palm Beach
Status: Active
Special Conditions: Standard / Listed As Is

About This Property

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!

Virtual Tour

General Features

Property Type: Condo
Status: Active
Year Built: 1977
Property Condition: Resale / Fixer
Number of Stories: 4
Levels: One
Garage Spaces: 0
Attached Garage: Yes
Parking: Attached / Covered / Garage
Direction Faces: North
Lot Size (Acres): 0
Living Sq Ft: 1,081
Total Sq Ft: 1,081
Structure Type: Multi Family
Sewer: Public Sewer
Water Source: Public
Zoning: MF32 (city)

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Oven / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Ceramic Tile / Laminate
Interior Features: Elevator / Separate Shower / Stacked Bedrooms / Walk In Closets
Laundry: Inside / In Kitchen / Main Level / Washer Dryer Install Allowed
Main Level Bedrooms: 2
Main Level Baths: 2
Total Rooms: 4
Furnished: Unfurnished

Exterior Features

Construction: CBS Concrete Block Structure / Block
Roof: Other
Exterior Features: Balcony / Outdoor Living Area
Architectural Style: Other
Pool Features: Association
Patio & Porch: Covered / Screened / Balcony
View: City

Community & HOA

HOA Fee: $772 / Monthly
HOA Name: Spencer Place Condominium Association
HOA Includes: Common Areas / Insurance / Maintenance Grounds / Pest Control / Pools / Trash / Water
Association Amenities: Clubhouse / Pool / Parking / Security / Sidewalks / Trash / Elevators
Utilities: Cable Available / Sewer Available / Water Available
Pets Allowed: Cats Ok / Pet Restrictions / Yes
Financing Terms: Cash / Conventional
Restrictions: Buyer Approval Required / Limited Number Vehicles / No Lease2nd Year Owned / No Corporate Buyer / No Boats / No Commercial Vehicles / No Motorcycles / No Rv / No Truck / Ok To Lease
MLS Area: 5410

This home's HOA fee works out to $772 a month, in line with the $772 median across 3 homes for sale in Spencer Place Condo. See Spencer Place Condo HOA fees

Schools

Elementary School: Westward
Middle School: Bear Lakes
High School: Palm Beach Lakes

About the Community

Spencer Place

View Community Details →

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
Median List Price: $145,000
Median $/Sq Ft: $134
Avg Days on Market: 99

View all 3 homes for sale in Spencer Place →

Frequently Asked Questions

How do I schedule a tour of 505 Spencer Drive 407, West Palm Beach, FL 33409?: Use the Tour button on this listing to request a showing of 505 Spencer Drive 407, 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 407, West Palm Beach, FL 33409 still available?: 505 Spencer Drive 407, West Palm Beach, FL 33409 is currently listed as Active, and has been on the market 77 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 407, West Palm Beach, FL 33409?: With 20% down ($29,000) on the $145,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 505 Spencer Drive 407, West Palm Beach, FL 33409 is about $762/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 407, 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 407, 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 407, West Palm Beach, FL 33409 have an HOA fee?: Yes: 505 Spencer Drive 407, West Palm Beach, FL 33409 carries an HOA fee of about $772 monthly (Spencer Place Condominium Association). 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 407, West Palm Beach, FL 33409?: 505 Spencer Drive 407, 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 407, West Palm Beach, FL 33409?: Often, yes. The right offer on 505 Spencer Drive 407, 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 Paradise Real Estate Intl

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.

$145,000

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Listed by Juha Kyosti Vaisanen, Paradise Real Estate Intl

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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.