Property detail

Location Address 206 PHIPPS PLZ
Municipality PALM BEACH
Parcel Control Number 50-43-43-22-10-000-0012
Subdivision PHIPPS PLAZA IN
Official Records Book/Page 30226 / 1332
Sale Date 10/31/2018
Legal Description PL OF PHIPPS PLAZA W 3.8 FT OF LT A, LTS B, C, D & LT E (LESS W 10 FT, N 30.33 FT OF W 92.88 FT OF E 96 FT & SLY 56.07 FT OF W 89.48 FT OF E 96 FT AS IN OR6306P1355 & OR7453P1102)

Owner INFORMATION

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Owner(s) Mailing Address
206 PHIPPS PLAZA LLC
222 LAKEVIEW AVE PH 5
WEST PALM BEACH FL 33401 6151

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
10/31/2018 $4,220,000 30226 / 01332 WARRANTY DEED 206 PHIPPS PLAZA LLC
02/22/2007 $0 21440 / 01080 LIFE ESTATE VOLK JOHN K
02/22/2007 $10 21440 / 01077 DEED OF TRUST VOLK JOHN K
12/01/1996 $100 09564 / 00852 WARRANTY DEED
01/01/1996 $100 09212 / 00842 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
UNFINISHED OFFICE BASE 1865
Total Square Footage 1865

Number of Units 1
Total Square Feet* 9294
Acres .27
Property Use Code 1200—STORE/OFFICE/RESIDENTIAL
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

Year Built 1926
RETAIL MULTI OCCUP 1865

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Sketch
for Building 1

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 3

Code Description square Footage
UNFINISHED OFFICE BASE 2827
APARTMENT 4602
Total Square Footage 7429

Number of Units 1
Total Square Feet* 9294
Acres .27
Property Use Code 1200—STORE/OFFICE/RESIDENTIAL
Zoning R-C—MEDIUM DENSITY RESIDENTIAL (50-PALM BEACH)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 3

Year Built 1926
RETAIL MULTI OCCUP 7429

Print Building 3 Details

 

Sketch
for Building 3

Property Extra Features

Description Year Built Units
Paving- Asphalt 1926 990
Wall 1926 350
Elevator 1926 1
Swimming Pool Commercial 1926 135
Patio 1926 880

Property Land Details

Land Line # Description Zoning Acres
1 COMMERCIAL R-C 0.2702

Appraisals

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Tax Year 2025 2024 2023 2022 2021
Improvement Value $1,770,874 $1,683,588 $2,929,696 $3,065,294 $1,759,502
Land Value $9,888,480 $9,417,600 $9,497,198 $8,222,640 $6,121,440
Total Market Value $11,659,354 $11,101,188 $12,426,894 $11,287,934 $7,880,942
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $1,770,874 $1,683,588 $2,929,696 $3,065,294 $1,759,502 $1,662,784 $1,539,175 $513,520 $519,218 $513,847
Land Value $9,888,480 $9,417,600 $9,497,198 $8,222,640 $6,121,440 $2,352,000 $2,128,000 $977,778 $967,002 $956,739
Total Market Value $11,659,354 $11,101,188 $12,426,894 $11,287,934 $7,880,942 $4,014,784 $3,667,175 $1,491,298 $1,486,220 $1,470,586

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 $6,465,850 $5,878,045 $5,343,677 $4,857,888 $4,416,262
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $6,465,850 $5,878,045 $5,343,677 $4,857,888 $4,416,262
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $6,465,850 $5,878,045 $5,343,677 $4,857,888 $4,416,262 $4,014,784 $3,667,175 $1,418,361 $1,390,800 $1,353,285
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $50000 $50000 $50000
Taxable Value $6,465,850 $5,878,045 $5,343,677 $4,857,888 $4,416,262 $4,014,784 $3,667,175 $1,368,361 $1,340,800 $1,303,285

Taxes

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Tax Year 2025 2024 2023 2022 2021
AD VALOREM $128,969 $120,388 $125,959 $117,191 $95,474
NON AD VALOREM $900 $1,640 $1,561 $1,533 $1,552
TOTAL TAX $129,869 $122,028 $127,520 $118,724 $97,026
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $128,969 $120,388 $125,959 $117,191 $95,474 $66,219 $61,526 $22,464 $22,503 $22,593
NON AD VALOREM $900 $1,640 $1,561 $1,533 $1,552 $1,529 $1,561 $1,559 $1,559 $1,143
TOTAL TAX $129,869 $122,028 $127,520 $118,724 $97,026 $67,749 $63,086 $24,024 $24,062 $23,736

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.