Property detail

Field Value
Location Address 740 N LAKE WAY
Municipality PALM BEACH
Parcel Control Number 50-43-43-10-04-000-1161
Subdivision RAFALSKY MARK IN
Official Records Book/Page 36061 / 1893
Sale Date 10/08/2025
Legal Description MARK RAFALSKY TR NLY 100 FT OF ELY 117 FT OF LT 116 AS IN OR5176P1982

Owner INFORMATION

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Owner(s) Mailing Address Actions
VITRANO ANDREW &
VITRANO MARGARET
740 N LAKE WAY
PALM BEACH FL 33480 3348

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
10/08/2025 $7,000,000 36061 / 01893 DEED OF TRUST VITRANO ANDREW &
10/02/2025 $10 36061 / 01880 DEED OF TRUST RICKEL ANNETTE URSO TRUST FBO
10/02/2025 $10 36061 / 01877 DEED OF TRUST RICKEL ANNETTE URSO TRUST FBO
05/14/2025 $10 35756 / 00964 DEED OF TRUST RICKEL JOHN R TRUST
05/14/2025 $10 35756 / 00961 DEED OF TRUST RICKEL JOHN R TRUST &
05/14/2025 $10 35756 / 00958 REP DEED RICKEL ANNETTE U TRUST
11/10/2021 $10 33046 / 00511 WARRANTY DEED RICKEL ANNETTE U TRUST &
10/01/2013 $1,852,500 26404 / 00250 WARRANTY DEED RICKEL ANNETTE
09/23/2013 $10 26404 / 00252 WARRANTY DEED RICKEL ANNETTE &
09/19/2013 $10 26404 / 00248 WARRANTY DEED RICKEL ANNETTE URSO TR &
12/19/2012 $10 25789 / 01654 WARRANTY DEED RICKEL LLC
11/12/2012 $10 25711 / 00280 WARRANTY DEED RICKEL LLC
07/26/2012 $3,000,000 25352 / 00365 WARRANTY DEED RICKEL ANNETTE
07/24/2007 $3,200,000 22045 / 00136 WARRANTY DEED GLICKMAN DONALD &
07/18/2002 $1,507,000 14030 / 01937 REP DEED GOSSETT W TED &
02/01/1987 $845,000 05176 / 01982 WARRANTY DEED
04/01/1985 $230,000 04518 / 00227 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 : 2026
  • Exemption Year : 2027
Applicant/Owner(s) Year Detail
VITRANO ANDREW & 2026 HOMESTEAD
VITRANO ANDREW & 2026 ADDITIONAL HOMESTEAD
VITRANO MARGARET 2026 HOMESTEAD
VITRANO MARGARET 2026 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FGR Finished Garage 273
BAS Base Area 2993
FOP Finished Open Porch 28
Total Square Footage 3294
Area Under Air 2993

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 3294
Acres .25
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 1

Field Value
Bldg Type EXC-LUX.RES
Exterior Wall 1 MSY: CB STUCCO
Year Built 1985
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 3
Full Baths 3
Half Baths 1
Exterior Wall 2 NONE
Roof Structure WOOD TRUSS
Roof Cover BUILT-UP TAR/GRAVEL
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

Description Year Built Units
Pool - In-Ground 1985 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2498

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $1,147,241 $2,056,381 $2,681,962 $2,348,522 $1,821,088
Land Value $5,320,305 $5,043,807 $5,288,652 $4,994,838 $3,770,613
Total Market Value $6,467,546 $7,100,188 $7,970,614 $7,343,360 $5,591,701
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $1,147,241 $2,056,381 $2,681,962 $2,348,522 $1,821,088 $2,110,867 $1,907,448 $1,745,836 $1,472,010 $1,396,209
Land Value $5,320,305 $5,043,807 $5,288,652 $4,994,838 $3,770,613 $2,176,873 $1,931,827 $1,762,884 $1,889,306 $2,053,593
Total Market Value $6,467,546 $7,100,188 $7,970,614 $7,343,360 $5,591,701 $4,287,740 $3,839,275 $3,508,720 $3,361,316 $3,449,802

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 $6,467,546 $7,100,188 $6,765,958 $6,150,871 $5,591,701
Exemption Amount $51,411 $0 $0 $0 $0
Taxable Value $6,416,135 $7,100,188 $6,765,958 $6,150,871 $5,591,701
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $6,467,546 $7,100,188 $6,765,958 $6,150,871 $5,591,701 $2,681,548 $3,839,275 $2,585,068 $2,536,868 $2,484,690
Exemption Amount $51411 $0 $0 $0 $0 $50500 $0 $50500 $50500 $50500
Taxable Value $6,416,135 $7,100,188 $6,765,958 $6,150,871 $5,591,701 $2,631,048 $3,839,275 $2,534,568 $2,486,368 $2,434,190

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $95,272 $105,573 $108,219 $100,040 $86,644
NON AD VALOREM $716 $704 $693 $642 $638
TOTAL TAX $95,989 $106,277 $108,912 $100,682 $87,281
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $95,272 $105,573 $108,219 $100,040 $86,644 $42,861 $63,325 $42,703 $40,685 $40,715
NON AD VALOREM $716 $704 $693 $642 $638 $680 $669 $670 $674 $661
TOTAL TAX $95,989 $106,277 $108,912 $100,682 $87,281 $43,541 $63,993 $43,372 $41,359 $41,376

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.