Property detail

Field Value
Location Address 221 OCEAN TER
Municipality PALM BEACH
Parcel Control Number 50-43-43-03-03-000-0120
Subdivision OCEAN TERRACE IN
Official Records Book/Page 31929 / 539
Sale Date 11/14/2020
Legal Description OCEAN TERRACE LT 12 & E 10 FT OF LT 13

Owner INFORMATION

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Owner(s) Mailing Address Actions
BONNER ELIZABETH &
BONNER JAMES CHRISTOPHER
221 OCEAN TER
PALM BEACH FL 33480 3126

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
11/14/2020 $4,875,000 31929 / 00539 WARRANTY DEED BONNER ELIZABETH &
01/31/2018 $4,580,000 29627 / 00218 WARRANTY DEED KHOURY AMIN C
04/06/2008 $1,600,000 22640 / 01134 WARRANTY DEED FICALORA ROBERT &
12/04/2007 $100 22297 / 00013 CERT OF TITLE AMERICAN HOME MORTGAGE SERVICING INC
11/15/2006 $200 21086 / 00578 CERT OF TITLE RIVER FIDELITY TRUST LLC
10/26/2004 $10 17751 / 00326 WARRANTY DEED BRESTLE ISBELIA Q
05/30/2002 $1,425,000 13759 / 01667 WARRANTY DEED OCEAN 221 INC
06/30/2000 $845,000 11883 / 00454 WARRANTY DEED 640 ISLAND DRIVE INC
06/01/1996 $375,000 09335 / 01599 WARRANTY DEED
07/08/1988 $320,000 05759 / 01256 REP 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 : 2023
  • Exemption Year : 2027
Applicant/Owner(s) Year Detail
BONNER ELIZABETH & 2026 HOMESTEAD
BONNER ELIZABETH & 2026 ADDITIONAL HOMESTEAD
BONNER JAMES CHRISTOPHER 2026 HOMESTEAD
BONNER JAMES CHRISTOPHER 2026 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FGR Finished Garage 506
FUS Finished Upper Story 1503
BAS Base Area 2763
NVA No Value Area 72
Total Square Footage 4844
Area Under Air 4266

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 4844
Acres .29
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 2015
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 5
Full Baths 5
Half Baths 2
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Floor Type 1 HARDWOOD
Stories 2

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Wall 2023 980
Elevator 2015 1
Pool - In-Ground 2015 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2854

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $1,354,937 $1,381,340 $1,227,847 $3,972,307 $3,321,425
Land Value $6,502,459 $6,549,565 $6,912,748 $5,417,680 $4,339,117
Total Market Value $7,857,396 $7,930,905 $8,140,595 $9,389,987 $7,660,542
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $1,354,937 $1,381,340 $1,227,847 $3,972,307 $3,321,425 $1,737,404 $1,471,832 $1,730,615 $1,668,209 $1,305,767
Land Value $6,502,459 $6,549,565 $6,912,748 $5,417,680 $4,339,117 $2,722,827 $2,530,116 $2,300,105 $2,300,105 $1,522,178
Total Market Value $7,857,396 $7,930,905 $8,140,595 $9,389,987 $7,660,542 $4,460,231 $4,001,948 $4,030,720 $3,968,314 $2,827,945

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2026 P 2025 2024 2023 2022
Assessed Value $7,857,396 $7,930,905 $8,140,595 $9,389,987 $4,906,254
Exemption Amount $51,411 $50,722 $50,000 $50,000 $0
Taxable Value $7,805,985 $7,880,183 $8,090,595 $9,339,987 $4,906,254
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $7,857,396 $7,930,905 $8,140,595 $9,389,987 $4,906,254 $4,460,231 $4,001,948 $4,030,720 $2,887,332 $2,827,945
Exemption Amount $51411 $50722 $50000 $50000 $0 $0 $50000 $50000 $50500 $50500
Taxable Value $7,805,985 $7,880,183 $8,090,595 $9,339,987 $4,906,254 $4,460,231 $3,951,948 $3,980,720 $2,836,832 $2,777,445

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $115,874 $117,333 $120,468 $140,379 $93,978
NON AD VALOREM $217 $205 $194 $188 $184
TOTAL TAX $116,091 $117,538 $120,662 $140,567 $94,162
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $115,874 $117,333 $120,468 $140,379 $93,978 $72,368 $65,358 $66,965 $46,396 $46,433
NON AD VALOREM $217 $205 $194 $188 $184 $178 $173 $175 $175 $172
TOTAL TAX $116,091 $117,538 $120,662 $140,567 $94,162 $72,546 $65,531 $67,140 $46,571 $46,605

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.