Property detail

Field Value
Location Address 235 OCEAN TER
Municipality PALM BEACH
Parcel Control Number 50-43-43-03-03-000-0140
Subdivision OCEAN TERRACE IN
Official Records Book/Page 35322 / 1178
Sale Date 10/02/2024
Legal Description OCEAN TERRACE W 80.5 FT OF LT 14 & E 10 FT OF LT 15

Owner INFORMATION

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Owner(s) Mailing Address Actions
SMITH GARY
232 ANGLER AVE
PALM BEACH FL 33480 3104

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
10/02/2024 $7,890,000 35322 / 01178 WARRANTY DEED SMITH GARY
04/01/2022 $10 33511 / 00611 WARRANTY DEED CARDINALE FLORY &
08/22/2007 $10 22153 / 00652 WARRANTY DEED CARDINALE FLORY
05/26/1999 $695,000 11155 / 00828 WARRANTY DEED CARDINALE ALERIO A
04/01/1997 $475,000 09728 / 01232 WARRANTY DEED
08/01/1987 $365,000 05419 / 00409 WARRANTY DEED
06/01/1981 $100 03542 / 01340 QUIT CLAIM
01/01/1975 $167,000 02447 / 01209 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 2106
SFB Semi Finished Base Area 315
SFB Semi Finished Base Area 252
FOP Finished Open Porch 180
FGR Finished Garage 483
Total Square Footage 3336
Area Under Air 2673

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 3336
Acres .23
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 1956
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 3
Half Baths 1
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CONCRETE TILE
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 CARPETING
Floor Type 2 CERAMIC/QUARRY TILE
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Pool - In-Ground 1956 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2348

Appraisals

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Tax Year 2025 2024 2023 2022 2021
Improvement Value $181,336 $164,554 $546,298 $325,887 $186,872
Land Value $5,437,050 $5,687,880 $4,457,723 $3,570,270 $2,240,370
Total Market Value $5,618,386 $5,852,434 $5,004,021 $3,896,157 $2,427,242
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $181,336 $164,554 $546,298 $325,887 $186,872 $62,356 $176,681 $163,318 $165,519 $197,567
Land Value $5,437,050 $5,687,880 $4,457,723 $3,570,270 $2,240,370 $2,081,805 $1,892,550 $1,892,550 $1,839,928 $1,839,928
Total Market Value $5,618,386 $5,852,434 $5,004,021 $3,896,157 $2,427,242 $2,144,161 $2,069,231 $2,055,868 $2,005,447 $2,037,495

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 $5,618,386 $1,511,581 $1,467,554 $1,424,810 $1,383,311
Exemption Amount $0 $55,000 $55,000 $50,500 $50,500
Taxable Value $5,618,386 $1,456,581 $1,412,554 $1,374,310 $1,332,811
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $5,618,386 $1,511,581 $1,467,554 $1,424,810 $1,383,311 $1,364,212 $1,333,541 $1,308,676 $1,281,759 $1,255,396
Exemption Amount $0 $55000 $55000 $50500 $50500 $50000 $50000 $50000 $50000 $50000
Taxable Value $5,618,386 $1,456,581 $1,412,554 $1,374,310 $1,332,811 $1,314,212 $1,283,541 $1,258,676 $1,231,759 $1,205,396

Taxes

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Tax Year 2025 2024 2023 2022 2021
AD VALOREM $83,540 $21,818 $21,368 $21,458 $21,797
NON AD VALOREM $954 $943 $868 $864 $931
TOTAL TAX $84,494 $22,761 $22,236 $22,322 $22,728
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $83,540 $21,818 $21,368 $21,458 $21,797 $21,852 $21,714 $20,677 $20,686 $20,910
NON AD VALOREM $954 $943 $868 $864 $931 $916 $917 $924 $905 $170
TOTAL TAX $84,494 $22,761 $22,236 $22,322 $22,728 $22,768 $22,631 $21,601 $21,592 $21,080

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.