Property detail

Field Value
Location Address 218 PHIPPS PLZ
Municipality PALM BEACH
Parcel Control Number 50-43-43-22-09-000-0031
Subdivision PLAZA PL IN
Official Records Book/Page 33412 / 1809
Sale Date 03/22/2022
Legal Description PLAZA PLAT LT 3 (LESS S 3 FT OF W 12.3 FT OF E 70 FT), LT 3A & 10 FT PRIV RD LYG W OF & ADJ TO

Owner INFORMATION

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Owner(s) Mailing Address Actions
LEEDS BRUCE TRUST
LEEDS BRUCE TR
218 PHIPPS PLZ
PALM BEACH FL 33480 4241

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
03/22/2022 $9,981,500 33412 / 01809 WARRANTY DEED LEEDS BRUCE TRUST
01/28/2013 $1,275,000 25755 / 01746 WARRANTY DEED FORMICA MICHAEL &
03/01/1994 $565,000 8152 / 01166 WARRANTY DEED YASMINI INC
03/01/1994 $565,000 08152 / 01166 WARRANTY DEED
01/01/1988 $481,400 05557 / 00624 WARRANTY DEED
01/01/1988 $100 05557 / 00622 QUIT CLAIM
03/01/1984 $400,000 04191 / 00087 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
UOP Unfinished Open Porch 40
BAS Base Area 1938
FGR Finished Garage 312
UOP Unfinished Open Porch 32
UOP Unfinished Open Porch 48
UOP Unfinished Open Porch 250
UOP Unfinished Open Porch 32
UOP Unfinished Open Porch 40
UOP Unfinished Open Porch 160
UOP Unfinished Open Porch 48
FUS Finished Upper Story 1844
Total Square Footage 4744
Area Under Air 3782

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 4744
Acres .21
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 1948
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 3
Full Baths 2
Half Baths 1
Exterior Wall 2 WSF: BRICK
Roof Structure GABLE/HIP
Roof Cover CLAY/BERMUDA TILE
Interior Wall 1 PLYWOOD PNL.
Interior Wall 2 DRYWALL
Floor Type 1 HARDWOOD
Floor Type 2 MARBLE
Stories 2

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Wall 1985 680
Pool - In-Ground 2015 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2118

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $4,509,279 $3,816,994 $4,118,575 $3,497,690 $2,481,174
Land Value $7,197,840 $6,182,760 $5,767,500 $4,043,374 $2,715,978
Total Market Value $11,707,119 $9,999,754 $9,886,075 $7,541,064 $5,197,152
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $4,509,279 $3,816,994 $4,118,575 $3,497,690 $2,481,174 $1,027,955 $1,166,086 $1,082,066 $1,066,102 $667,520
Land Value $7,197,840 $6,182,760 $5,767,500 $4,043,374 $2,715,978 $1,941,571 $2,184,000 $1,976,000 $2,087,821 $1,898,019
Total Market Value $11,707,119 $9,999,754 $9,886,075 $7,541,064 $5,197,152 $2,969,526 $3,350,086 $3,058,066 $3,153,923 $2,565,539

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 $10,037,156 $9,124,687 $8,295,170 $7,541,064 $2,036,925
Exemption Amount $0 $0 $0 $0 $50,000
Taxable Value $10,037,156 $9,124,687 $8,295,170 $7,541,064 $1,986,925
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $10,037,156 $9,124,687 $8,295,170 $7,541,064 $2,036,925 $1,977,597 $1,950,293 $1,906,445 $1,870,898 $1,832,417
Exemption Amount $0 $0 $0 $0 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $10,037,156 $9,124,687 $8,295,170 $7,541,064 $1,986,925 $1,927,597 $1,900,293 $1,856,445 $1,820,898 $1,782,417

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $159,280 $141,206 $133,397 $113,211 $30,951
NON AD VALOREM $217 $205 $194 $188 $184
TOTAL TAX $159,497 $141,411 $133,591 $113,399 $31,135
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $159,280 $141,206 $133,397 $113,211 $30,951 $31,447 $31,518 $31,325 $29,839 $29,859
NON AD VALOREM $217 $205 $194 $188 $184 $178 $173 $175 $175 $172
TOTAL TAX $159,497 $141,411 $133,591 $113,399 $31,135 $31,625 $31,691 $31,500 $30,014 $30,031

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.