Property detail

Field Value
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 Actions
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 & 2026 HOMESTEAD
PATEL JITENDRA & 2026 ADDITIONAL HOMESTEAD
PATEL MIKSHA 2026 HOMESTEAD
PATEL MIKSHA 2026 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

Field Value
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

Field Value
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 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 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

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 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 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 2024 2023 2022 2021
AD VALOREM $38,961 $37,873 $37,070 $36,807 $15,106
NON AD VALOREM $269 $262 $258 $255 $241
TOTAL TAX $39,230 $38,135 $37,328 $37,062 $15,347
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $38,961 $37,873 $37,070 $36,807 $15,106 $12,912 $11,714 $11,186 $11,369 $11,069
NON AD VALOREM $269 $262 $258 $255 $241 $240 $242 $233 $223 $202
TOTAL TAX $39,230 $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.