Property detail

Field Value
Location Address 970 N LAKE WAY
Municipality PALM BEACH
Parcel Control Number 50-43-43-10-00-001-0010
Subdivision
Official Records Book/Page 07018 / 0031
Sale Date 11/01/1991
Legal Description 10-43-43, SUB A & N 80 FT OF SUB B OF GOV LT 1 LYG W OF LAKE WAY

Owner INFORMATION

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Owner(s) Mailing Address Actions
FALCIONE AUGUSTINE F &
FALCIONE DOMENICA L
970 N LAKE WAY
PALM BEACH FL 33480 3323

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
11/01/1991 $5,000,000 07018 / 00031 WARRANTY DEED FALCIONE A F &
11/01/1991 $100 07018 / 00004 QUIT CLAIM
06/01/1985 $100 04577 / 00989 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 : 2003
  • Exemption Year : 2027
Applicant/Owner(s) Year Detail
FALCIONE AUGUSTINE F & 2026 HOMESTEAD
FALCIONE AUGUSTINE F & 2026 ADDITIONAL HOMESTEAD
FALCIONE DOMENICA L 2026 HOMESTEAD
FALCIONE DOMENICA L 2026 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FGR Finished Garage 576
FST Finished Storage 100
BAS Base Area 140
BAS Base Area 200
BAS Base Area 9874
UOP Unfinished Open Porch 75
FST Finished Storage 140
Total Square Footage 11105
Area Under Air 10214

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 11105
Acres 1.40
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-LUX.RES
Exterior Wall 1 MSY: CONC. BLOCK
Year Built 1963
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 0
Full Baths 8
Half Baths 1
Exterior Wall 2 NONE
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 MARBLE
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Pool - In-Ground 1963 1
Reflection Pond 1996 1
Wall 1963 1400
Utility Building 1963 1
Boat Dock 1963 1200

Property Land Details

Land Line # Description Zoning Acres
1 INTRACOASTAL R-B 1.2332
2 INTRACOASTAL WATERWAY STRIP R-B 0.0804
3 RIGHT-OF-WAY R-B 0.0833

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $3,006,129 $2,233,267 $2,032,915 $3,700,691 $3,581,088
Land Value $56,746,800 $51,359,600 $45,051,900 $35,338,210 $31,473,700
Total Market Value $59,752,929 $53,592,867 $47,084,815 $39,038,901 $35,054,788
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $3,006,129 $2,233,267 $2,032,915 $3,700,691 $3,581,088 $2,276,517 $2,145,470 $2,173,049 $2,053,433 $2,080,492
Land Value $56,746,800 $51,359,600 $45,051,900 $35,338,210 $31,473,700 $24,388,572 $21,602,105 $20,200,000 $19,827,881 $20,871,453
Total Market Value $59,752,929 $53,592,867 $47,084,815 $39,038,901 $35,054,788 $26,665,089 $23,747,575 $22,373,049 $21,881,314 $22,951,945

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 $16,423,979 $15,992,190 $15,541,487 $15,088,822 $14,649,342
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $16,372,568 $15,941,468 $15,491,487 $15,038,822 $14,599,342
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $16,423,979 $15,992,190 $15,541,487 $15,088,822 $14,649,342 $14,222,662 $14,026,294 $13,710,942 $13,455,291 $13,178,542
Exemption Amount $51411 $50722 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $16,372,568 $15,941,468 $15,491,487 $15,038,822 $14,599,342 $14,172,662 $13,976,294 $13,660,942 $13,405,291 $13,128,542

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $242,857 $237,196 $230,522 $225,933 $226,381
NON AD VALOREM $3,713 $3,699 $3,688 $3,363 $3,359
TOTAL TAX $246,569 $240,896 $234,210 $229,296 $229,740
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $242,857 $237,196 $230,522 $225,933 $226,381 $230,125 $230,699 $229,374 $218,630 $218,849
NON AD VALOREM $3,713 $3,699 $3,688 $3,363 $3,359 $3,694 $3,642 $3,639 $3,671 $3,594
TOTAL TAX $246,569 $240,896 $234,210 $229,296 $229,740 $233,818 $234,341 $233,013 $222,301 $222,443

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.