Banyan Cay Resort Replat L1 Homes for Sale

Banyan Cay Resort Replat L1 is a luxury gated, waterfront, luxury community in West Palm Beach, Palm Beach County, Florida. Properties are priced from $4,100,000 to $5,200,000. Pure Equity lists homes in Banyan Cay Resort Replat L1 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 Cay Resort Replat L1 and the West Palm 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 a single listing for Banyan Cay Resort Replat L1 West Palm Beach homes for sale as of September 2026. The median asking price is $5.04M.

That is 1499% above the West Palm Beach median of $315,000. On a per-foot basis, homes here ask about $778 per square foot, compared with $245 across West Palm Beach. So the median price buys roughly 6,500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 336 days on the market. That is slower than the West Palm Beach average of 118 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Banyan Cay Resort Replat L1 date from 2026, so they are about 0 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Banyan Cay Resort Replat L1 is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

Banyan Cay Resort Replat L1 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 Cay Resort Replat L1 has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

At a median near $5.04M, Banyan Cay Resort Replat L1 sits in the luxury tier of West Palm Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Banyan Cay Resort Replat L1 price means in Florida closing terms. At $5.04M, a 20% down payment comes to about $1.01M, leaving a loan near $4.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $14,126. Next, the intangible tax of 0.2% adds about $8,072. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Banyan Cay Resort Replat L1 median, that is about $35,315.

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.