932 Banyan Drive Delray Beach Listed for $5.5M: Stunning Waterfront Luxury Estate With Dock and Elevator

Date of Publishing: July 11, 2025

A Waterfront Sanctuary at 932 Banyan Drive in Delray Beach

Set in the heart of the prestigious Tropic Isle enclave, 932 Banyan Drive in Delray Beach offers an exclusive opportunity to own a waterfront masterpiece that fuses timeless Mediterranean design with South Florida’s vibrant coastal lifestyle. Listed at $5.5 million, this expansive estate spans 6,907 square feet of air-conditioned living space and stands on a 9,720-square-foot lot, offering 90 feet of canal frontage and direct deep-water access with no fixed bridges.

Spacious living room with marble floors and canal views at 932 Banyan Drive

Originally built in 2008, the home is solidly constructed with concrete pilings and hurricane-impact glass throughout, reflecting a commitment to structural integrity and resilience. With its elegant detailing and thoughtful layout, 932 Banyan Drive is more than just a home – it’s a lifestyle statement.

Architectural Grace and Elevated Interiors

Upon entry, soaring ceilings and natural light immediately set the tone. The marble and granite finishes carry through every major living space, lending a rich and cohesive palette to the home. The layout balances openness with clearly defined formal and informal spaces, including a spacious chef’s kitchen with granite counters, premium gas appliances, and custom cabinetry. Nearby, the dining room and formal living room invite gatherings, while the family room – anchored by a gas fireplace – creates a cozy retreat with expansive views of the water.

Every one of the seven bedrooms in the home is designed with privacy in mind and features its own en-suite bathroom, a rare and luxurious detail. A dedicated home theater, fully outfitted for cinematic experiences, and an elevator that services all three floors add to the estate’s modern conveniences. There’s even a third-floor bonus room, ideal for a private office, fitness suite, or creative studio.

Alex Platt, listing agent with Compass Florida LLC, told Luxury Houses Magazine, “The craftsmanship in this home is second to none. From the impact glass to the marble flooring, every inch of 932 Banyan Drive was built with quality in mind.”

SEE MORE: Modern Miami Beach Retreat With Rooftop, Golf Views, and Resort-Style Pool Lists for $12 Million

Outdoor Living at Its Finest

What sets this estate apart is how seamlessly it transitions from interior elegance to outdoor indulgence. The south-facing backyard ensures sunlight from dawn till dusk, making the custom-designed freeform pool a year-round destination. Adjacent to it, a spa and summer kitchen – complete with built-in barbecue, wet bar, and granite countertops – create an entertainer’s dream setting in Florida.

The 70-foot dock sits alongside a 90-foot seawall, providing not just functionality for boating but also visual balance to the backyard space. Thanks to its canal orientation, the property offers immediate access to the Intracoastal Waterway, with no fixed bridges obstructing your path to the Atlantic Ocean.

According to Joanna Levin, co-listing agent at Compass Florida LLC, “This is what true Florida waterfront living is all about – effortless indoor-outdoor flow, perfect sunlight, and instant boating access. 932 Banyan Drive checks every box.”

SEE MORE: Stunning $12.3 Million Modern Waterfront Estate in Naples’ Park Shore Offers Dock, Pool, and Luxury Living

The Tropic Isle Lifestyle

Located between the Boca Raton and Boynton Beach inlets, Tropic Isle is one of Delray Beach’s premier waterfront communities. Known for its deep-water canals, lush landscaping, and no-HOA freedom, the neighborhood attracts yacht owners, professionals, and seasonal residents who seek both serenity and proximity to vibrant city life.

From this Delray Beach real estate, residents are just minutes from Atlantic Avenue, a bustling corridor known for its high-end restaurants, cafes, boutiques, and art galleries. Cultural highlights such as the Morikami Museum and Japanese Gardens, Delray Beach Tennis Center, and waterfront parks make the area one of the most livable and luxurious destinations in Palm Beach County.

As Luxury Houses Magazine notes, “We reached out to the current homeowner to better understand the inspiration behind the home’s design, but did not receive a response. However, the thoughtful layout and pristine condition of the residence speak for themselves.”

SEE MORE: A $48.2 Million Waterfront Masterpiece Elevates Coral Gables Real Estate to New Heights

A History of Strong Investment Value

The history of this home in Delray Beach for sale tells a story of strategic ownership and value appreciation. Originally sold in 2007 for $775,000, the property was redeveloped and listed in 2008 for $2,995,000, then closed in 2009 at $2.4 million. Over the following decade, the home was listed multiple times, including a notable period between 2014 and 2017 at just over $3.29 million.

By late 2024, it reentered the market at $6.49 million, before undergoing price adjustments in early 2025 to arrive at its current competitive offering of $5.5 million – a compelling price for such a move-in-ready, canal-front estate in the heart of Delray Beach Real Estate.

Platt emphasized, “There’s real value here. You simply won’t find this level of construction and amenities in a waterfront home at this price point anywhere else in Delray Beach.” With its combination of size, quality, and location, 932 Banyan Drive stands as one of the strongest listings in the current Delray Beach home for sale market. The residence harmonizes Mediterranean styling with today’s lifestyle expectations – smart layout, superior construction, abundant natural light, and optimal outdoor living. Whether for a primary home or seasonal retreat, this estate promises luxury and longevity.

For those who understand the value of location and waterfront access, this home represents an exceptional opportunity. And with demand for home in Delray Beach for sale remaining strong, it is expected to move quickly.

You can also view the full listing directly on Zillow.

For inquiries or to schedule a private showing, please contact:

Alex Platt
954-592-2371
Compass Florida LLC

Joanna Levin
954-257-0657
Compass Florida LLC

* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*