Property detail

Field Value
Location Address 1421 N LAKE WAY
Municipality PALM BEACH
Parcel Control Number 50-43-42-34-08-000-0420
Subdivision NORTH SHORE ADD TO P B IN
Official Records Book/Page 33329 / 1357
Sale Date 02/15/2022
Legal Description NORTH SHORE ADD TO PALM BEACH LT 42

Owner INFORMATION

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Owner(s) Mailing Address Actions
REEF ROAD LLC
1200 SOLDIERS FIELD RD STE 102
ALLSTON MA 02134 1021

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
02/15/2022 $7,885,000 33329 / 01357 WARRANTY DEED REEF ROAD LLC
12/02/2020 $10 32012 / 00856 WARRANTY DEED MORGAN TRUST
05/01/1990 $100 06516 / 00044 WARRANTY DEED MORGAN ELSBETH W
02/01/1983 $100 03890 / 01197 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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No Exemption Information Available.

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BAS Base Area 1755
FGR Finished Garage 575
FOP Finished Open Porch 108
Total Square Footage 2438
Area Under Air 1755

Field Value
Total Number of Units Per Parcel 2
Total Square Feet* 3186
Acres .31
Property Use Code 0100—SINGLE FAMILY
Zoning R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Field Value
Bldg Type EXC-RESIDENT
Exterior Wall 1 MSY: CB STUCCO
Year Built 1950
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 3
Full Baths 2
Half Baths 0
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 CERAMIC/QUARRY TILE
Stories 1

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Sketch
for Building 1

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 2

Code Description square Footage
FOP Finished Open Porch 115
BAS Base Area 633
Total Square Footage 748
Area Under Air 633

Field Value
Total Number of Units Per Parcel 2
Total Square Feet* 3186
Acres .31
Property Use Code 0100—SINGLE FAMILY
Zoning R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 2

Field Value
Bldg Type EXC-RESIDENT
Exterior Wall 1 WSF: WOOD SIDING
Year Built 1963
Air Condition Desc. NO HTG/AC
Heat Type NONE
Heat Fuel NONE
Bed Rooms 0
Full Baths 1
Half Baths 0
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CLAY/BERMUDA TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 CARPETING
Floor Type 2 N/A
Stories 1

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Sketch
for Building 2

Property Extra Features

Description Year Built Units
Pool - In-Ground 2012 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.3075

Appraisals

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Tax Year 2025 2024 2023 2022 2021
Improvement Value $199,479 $192,500 $459,004 $10,929 $7,219
Land Value $7,020,050 $7,447,064 $5,936,228 $4,314,510 $2,639,957
Total Market Value $7,219,529 $7,500,000 $6,395,232 $4,325,439 $2,647,176
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $199,479 $192,500 $459,004 $10,929 $7,219 $2,615 $7,873 $7,061 $7,061 $7,806
Land Value $7,020,050 $7,447,064 $5,936,228 $4,314,510 $2,639,957 $2,453,111 $2,230,101 $2,230,101 $2,253,044 $2,253,044
Total Market Value $7,219,529 $7,500,000 $6,395,232 $4,325,439 $2,647,176 $2,455,726 $2,237,974 $2,237,162 $2,260,105 $2,260,850

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 $7,219,529 $7,034,755 $6,395,232 $2,911,894 $2,647,176
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $7,219,529 $7,034,755 $6,395,232 $2,911,894 $2,647,176
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $7,219,529 $7,034,755 $6,395,232 $2,911,894 $2,647,176 $2,455,726 $2,237,974 $2,144,168 $1,949,244 $1,772,040
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $7,219,529 $7,034,755 $6,395,232 $2,911,894 $2,647,176 $2,455,726 $2,237,974 $2,144,168 $1,949,244 $1,772,040

Taxes

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Tax Year 2025 2024 2023 2022 2021
AD VALOREM $107,347 $107,547 $96,009 $54,335 $42,951
NON AD VALOREM $1,408 $1,386 $1,283 $1,275 $1,360
TOTAL TAX $108,756 $108,933 $97,292 $55,610 $44,311
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $107,347 $107,547 $96,009 $54,335 $42,951 $40,505 $37,547 $35,555 $34,572 $33,935
NON AD VALOREM $1,408 $1,386 $1,283 $1,275 $1,360 $1,337 $1,340 $1,349 $1,322 $340
TOTAL TAX $108,756 $108,933 $97,292 $55,610 $44,311 $41,842 $38,887 $36,903 $35,894 $34,275

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.