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ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12057977
$129,000

505 Spencer Drive 315, West Palm Beach, FL 33409

Beds
2
Baths
2
Sqft
1,025
Est. payment$1,720/mo
Home type
Condominium
Year built
1977
Lot size
—
Price / sqft
$126
HOA
$771/mo
Community
SPENCER PLACE CONDO

Property description

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!

Listing activity

Days on market
93
Listed
Jul 23, 2026
MLS listing updated
Aug 26, 2026
Feed last checked
9 minutes ago

Listed by Maria Carolina Skolnick · LoKation

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
2
Bathrooms
2
Bathrooms (decimal)
1.5
Full bathrooms
1
Half bathrooms
1

Rooms & features

Rooms
0
Interior features
Bedroom Layout - Stacked, Elevator, Walk-In Closet(s)
Flooring
Laminate
Appliances
Disposal, Dryer, Washer

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
1
Garage
Yes
Covered spaces
1
Parking features
Assigned, Covered, Guest
Attached garage
No

Exterior

Stories
4
Building area
1,025 sqft
Entry level
3
Exterior features
Lighting, None
View
Other
Waterfront property
No

Lot

Road frontage
West of US-1
Construction

Type & style

Home type
Condominium
Architectural style
Other
Year built
1977

Materials

Construction
CBS
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
SPENCER PLACE CONDO
MLS area
5410
MLS subarea
PB24
Security
Entry - Phone/Intercom
Pets allowed
No
55+ community
No

Association

Has association
Yes
Association fee
$771 monthly
Estimated monthly dues
$771
Amenities
Maintenance, Pool, Community Room, Management, Parking
Services included
Pool Service, Cable TV, Elevator, Pest Control, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
West Palm Beach
County
Palm Beach
ZIP code
33409
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12057977
Possession
Close Of Escrow
Original list price
$140,000
Parcel number
74434319140003150
Annual property tax
$2,571
Tax year
2025
Tax legal description
SPENCER PLACE COND UNIT 315
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Community Room, Management, Parking
Association Fee Frequency
Monthly
Association Fee Includes
Pool Service, Cable TV, Elevator, Pest Control, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
1.5
Bathrooms Total Integer
2
Building Area Total
1025
Construction Materials
CBS
County Or Parish
Palm Beach
Days On Market
93
Elementary School
Westward
High School
Palm Beach Lakes
List Price
129000
Listing Contract Date
2026-07-23
Living Area
1025
MLSArea Major
5410
MLSArea Minor
PB24
Middle Or Junior School
Bear Lakes
Mls Status
Active
On Market Date
2026-07-23
Photos Count
11
Postal Code
33409
Price Change Timestamp
2026-08-10T13:15:49Z
Property Sub Type
Condominium
Property Type
Residential
Road Frontage Type
West of US-1
Rooms Total
0
Security Features
Entry - Phone/Intercom
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-07-23T04:00:00Z
Stories Total
4
Subdivision Name
SPENCER PLACE CONDO
Tax Annual Amount
2571
Bathrooms Full
1
Bedrooms Total
2
Waterfront
No
Bathrooms Half
1
Financial Information: Estimated Monthly Assoc Recurring Fee
771

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jul 23, 2026ListedMIAMI REALTORS® MLS$140,000$137/sqft
Aug 10, 2026Price reducedMIAMI REALTORS® MLS$129,000$126/sqft

Public tax history

YearProperty taxesAssessment
2025$2,571—

Payment calculator

Estimated monthly payment$1,720/moIllustrative estimate, not a loan offer.
Principal & interest
$669
Property taxes
$214
Insurance
$65
Association dues
$771

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

SPENCER PLACE CONDO

West Palm Beach · Palm Beach County · 33409

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

WestwardElementary
—
Bear LakesMiddle
—
Palm Beach LakesHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of LoKation. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.