Banyan House Condo
Homes for Sale in Delray Beach, FL

Banyan House Condo market snapshot (as of July 15, 2026): the median sale price is about $1.35M ($819 per sq ft over the trailing 12 months of closed sales), and a median 57 days on market for closed sales. The trailing-12-month median is down 20% from the prior 12 months, computed from record-level Beaches MLS closed sales (5 closings in the current window).

Banyan House Condo is beachfront Delray Beach at the higher end of the condo market, where recent price compression has opened opportunity for buyers who know exactly what view and floor plan they want.

Five closings in the trailing window put Banyan House in very low inventory territory—this is not a high-churn building, and when a unit comes to market it tends to reflect one owner's specific upgrade and maintenance decisions. That makes comps tricky and due diligence critical. Median days on market at 57 suggests motivated sellers are finding buyers, but that transactions are taking longer than they did in the tighter cycle.

The year-over-year decline of nearly 20% reflects broader Palm Beach County oceanfront condo repricing, not building-specific distress. Buyers today are underwriting more conservatively, and sellers are no longer getting multiple offers within a week. If you're comparing this to inland Delray or non-oceanfront product, understand you're paying a steep premium for direct beach access and unobstructed water views—premium that has compressed but remains substantial.

MLS data show no community amenities flagged, which likely means the building's value proposition is its location and the private character of a smaller building, not resort-style shared facilities. Confirm what's actually on-site during your tour: parking arrangements, storage, any common areas, and reserve funding. In a low-volume building, special assessments can be material, and there's less ability to spread large capital expenses across many units.

Oceanfront condo transactions in Delray Beach hinge on things MLS listings won't tell you: association financials, upcoming capital projects, building occupancy mix, and how aggressively the seller really needs to move. Momentum represents both sides of these deals regularly, so we know which units have the view everyone wants, which floor plans live larger than the square footage suggests, and when a price that looks high is actually justified by condition and finishes. We'll walk the building with you, pull the docs that matter, and tell you when a unit isn't worth your time—even if it means walking away from our own commission.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.