Property detail

Field Value
Location Address 224 PHIPPS PLZ
Municipality PALM BEACH
Parcel Control Number 50-43-43-22-09-000-0041
Subdivision PLAZA PL IN
Official Records Book/Page 36648 / 472
Sale Date 06/29/2026
Legal Description PLAZA PLAT SLY 88 FT OF E 62 FT OF LT 4 & N 78 FT OF W 10 FT OF LT 5 AS IN OR10903P110

Owner INFORMATION

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Owner(s) Mailing Address Actions
224 PHIPPS PLAZA PB SIH LLC
SHIBE INVESTMENT HOLDINGS LLC C/O 2751 S DIXIE HWY STE 450
WEST PALM BEACH FL 33405 1298

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
06/29/2026 $5,000,000 36648 / 00472 WARRANTY DEED 224 PHIPPS PLAZA PB SIH LLC
10/25/2011 $500,000 24815 / 00418 WARRANTY DEED KHAWLY RAMEZ
02/13/2006 $10 19926 / 01151 WARRANTY DEED KHAWLY TERESA K &
09/24/2004 $1,450,000 17585 / 00096 WARRANTY DEED KHAWLY TERESA K &
10/01/1998 $675,000 10903 / 00110 WARRANTY DEED BLACK KNIGHT INVSTMNT CO LTD
05/01/1993 $275,000 07718 / 00147 WARRANTY DEED
11/01/1982 $240,000 03828 / 01346 WARRANTY DEED
05/01/1981 $100,000 03537 / 01678 WARRANTY DEED
01/01/1977 $135,000 02775 / 00806

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 :
  • Exemption Year : 2027
Applicant/Owner(s) Year Detail
KHAWLY RAMEZ 2026 HOMESTEAD
KHAWLY RAMEZ 2026 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FUS Finished Upper Story 450
FGR Finished Garage 355
BAS Base Area 88
BAS Base Area 1482
BAS Base Area 125
Total Square Footage 2500
Area Under Air 2145

Field Value
Total Number of Units Per Parcel 2
Total Square Feet* 2500
Acres .13
Property Use Code 0100—SINGLE FAMILY
Zoning R-C—MEDIUM 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 1938
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 GABLE/HIP
Roof Cover ASPHALT/COMPOSITION
Interior Wall 1 PLYWOOD PNL.
Interior Wall 2 DRYWALL
Floor Type 1 CERAMIC/QUARRY TILE
Floor Type 2 MARBLE
Stories 2

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Patio 1938 324
Wall 1995 224

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-C 0.1327

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $998,865 $1,002,145 $1,151,776 $2,084,577 $411,933
Land Value $4,508,400 $3,872,600 $3,612,500 $2,573,370 $2,228,027
Total Market Value $5,507,265 $4,874,745 $4,764,276 $4,657,947 $2,639,960
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $998,865 $1,002,145 $1,151,776 $2,084,577 $411,933 $362,435 $228,601 $115,336 $215,379 $179,782
Land Value $4,508,400 $3,872,600 $3,612,500 $2,573,370 $2,228,027 $1,537,390 $1,785,000 $1,615,000 $1,743,969 $1,585,426
Total Market Value $5,507,265 $4,874,745 $4,764,276 $4,657,947 $2,639,960 $1,899,825 $2,013,601 $1,730,336 $1,959,348 $1,765,208

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 $1,555,561 $1,514,665 $1,471,978 $1,429,105 $1,387,481
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $1,504,150 $1,463,943 $1,421,978 $1,379,105 $1,337,481
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $1,555,561 $1,514,665 $1,471,978 $1,429,105 $1,387,481 $1,347,069 $1,328,470 $1,298,602 $1,274,389 $1,248,177
Exemption Amount $51411 $50722 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $1,504,150 $1,463,943 $1,421,978 $1,379,105 $1,337,481 $1,297,069 $1,278,470 $1,248,602 $1,224,389 $1,198,177

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $22,462 $21,930 $21,303 $20,865 $20,887
NON AD VALOREM $716 $704 $693 $642 $638
TOTAL TAX $23,178 $22,634 $21,996 $21,507 $21,525
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $22,462 $21,930 $21,303 $20,865 $20,887 $21,217 $21,262 $21,127 $20,118 $20,127
NON AD VALOREM $716 $704 $693 $642 $638 $680 $669 $670 $674 $661
TOTAL TAX $23,178 $22,634 $21,996 $21,507 $21,525 $21,897 $21,931 $21,797 $20,793 $20,788

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.