Property detail

Location Address 550 S OCEAN BLVD 1406
Municipality BOCA RATON
Parcel Control Number 06-43-47-28-08-001-1406
Subdivision CHALFONTE COND
Official Records Book/Page 32274 / 955
Sale Date 02/23/2021
Legal Description CHALFONTE COND APTS 1406 & 1408 BLDG SOUTH

Owner INFORMATION

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Owner(s) Mailing Address
PATEL JITENDRA &
PATEL MIKSHA
550 S OCEAN BLVD APT 1406
BOCA RATON FL 33432 6247

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
02/23/2021 $2,300,000 32274 / 00955 WARRANTY DEED PATEL JITENDRA &
05/09/2019 $850,000 30617 / 00477 DEED OF TRUST 550 S OCEAN 1408 LLC
07/18/2011 $10 24797 / 01126 DEED OF TRUST MONTAGUE GERTRUDE TRUST &
12/01/1995 $100 09039 / 01026 WARRANTY DEED MONTAGUE GERTRUDE TRUST
10/01/1984 $200,000 04387 / 01293 WARRANTY DEED
01/01/1975 $73,500 02482 / 01762 WARRANTY DEED

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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  • Save Our Homes (SOH) Base Year : 2022
  • Exemption Year : 2025
Applicant/Owner(s) Year Detail
PATEL JITENDRA & 2025 HOMESTEAD
PATEL JITENDRA & 2025 ADDITIONAL HOMESTEAD
PATEL MIKSHA 2025 HOMESTEAD
PATEL MIKSHA 2025 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BAS Base Area 3049
FOP Finished Open Porch 264
FOP Finished Open Porch 225
Total Square Footage 3538
Area Under Air 3049

Number of Units 1
Total Square Feet* 3049
Acres
Property Use Code 0400—CONDOMINIUM
Zoning R-5-A—RESIDENTIAL (MEDIUM) (06-BOCA RATON)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Name CHALFONTE NORTH & SOUTH CONDO
Area 3049
Year Built 1974
No of Bedroom(s) 4
No of Bath(s) 4
No of Half Bath(s)
Exterior Wall 1 MSY: CB STUCCO
Air Condition DESC HTG & AC
Heat Type FORCED AIR DUCT
Exterior Wall 2 NONE
Roof Structure PRESTRESSED CONCRETE
Roof Cover MIN. ROOFING (CORR/SH.M)
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 MARBLE
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

No Extra Feature Available

Property Land Details

No Land Details Available

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $2,590,000 $2,587,000 $2,243,640 $2,136,750 $918,000
Land Value $0 $0 $0 $0 $0
Total Market Value $2,590,000 $2,587,000 $2,243,640 $2,136,750 $918,000
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $2,590,000 $2,587,000 $2,243,640 $2,136,750 $918,000 $715,000 $640,000 $630,000 $630,000 $605,000
Land Value $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Market Value $2,590,000 $2,587,000 $2,243,640 $2,136,750 $918,000 $715,000 $640,000 $630,000 $630,000 $605,000

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 P 2024 2023 2022 2021
Assessed Value $2,332,618 $2,266,879 $2,200,853 $2,136,750 $786,500
Exemption Amount $50,722 $50,000 $50,000 $50,000 $0
Taxable Value $2,281,896 $2,216,879 $2,150,853 $2,086,750 $786,500
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $2,332,618 $2,266,879 $2,200,853 $2,136,750 $786,500 $715,000 $640,000 $630,000 $630,000 $592,961
Exemption Amount $50722 $50000 $50000 $50000 $0 $0 $0 $0 $0 $0
Taxable Value $2,281,896 $2,216,879 $2,150,853 $2,086,750 $786,500 $715,000 $640,000 $630,000 $630,000 $592,961

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $38,966 $37,873 $37,070 $36,807 $15,106
NON AD VALOREM $271 $262 $258 $255 $241
TOTAL TAX $39,237 $38,135 $37,328 $37,062 $15,347
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $38,966 $37,873 $37,070 $36,807 $15,106 $12,912 $11,714 $11,186 $11,369 $11,069
NON AD VALOREM $271 $262 $258 $255 $241 $240 $242 $233 $223 $202
TOTAL TAX $39,237 $38,135 $37,328 $37,062 $15,347 $13,152 $11,956 $11,419 $11,592 $11,271

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.