Banyan Springs Homes for Sale

Banyan Springs is an age-restricted 55+ community in Boynton Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $165,000 to $234,888. At least one resident per home must be 55 or older. Pure Equity lists homes in Banyan Springs and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Banyan Springs and the Boynton Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 9 Banyan Springs Boynton Beach homes for sale as of October 2026. The median asking price is $215,000. Asking prices run from $139,000 to $295,000.

That is 37% below the Boynton Beach median of $340,000. On a per-foot basis, homes here ask about $182 per square foot, compared with $238 across Boynton Beach. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 81 days on the market. That is faster than the Boynton Beach average of 102 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Banyan Springs date from 1976 to 1985. That puts them between 41 and 50 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Banyan Springs is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

Banyan Springs includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Banyan Springs is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Banyan Springs have a median asking rent of $3,375 per month, across 2 active rental listings. For comparison, the Boynton Beach median is $2,700, so rents here run 25% higher.

You can browse current Boynton Beach rentals or ask us for a rent estimate on a specific Banyan Springs home.

Here is what the median Banyan Springs price means in Florida closing terms. At $215,000, a 20% down payment comes to about $43,000, leaving a loan near $172,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $602. Next, the intangible tax of 0.2% adds about $344. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Banyan Springs median, that is about $1,505.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Banyan Springs listings show assignments to Crosspointe (elementary), Carver Community (middle) and Boynton Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.