Property detail

Location Address 424 BRAZILIAN AVE
Municipality PALM BEACH
Parcel Control Number 50-43-43-23-05-004-0430
Subdivision ROYAL PARK ADD TO P B IN
Official Records Book/Page 34853 / 1502
Sale Date 02/07/2024
Legal Description ROYAL PARK ADD LTS 43 & 44 BLK 4

Owner INFORMATION

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Owner(s) Mailing Address
LRG LAND TRUST
424 BRAZILIAN AVE
PALM BEACH FL 33480 4522

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
02/07/2024 $12,700,000 34853 / 01502 DEED OF TRUST LRG LAND TRUST
01/22/2011 $2,575,000 24364 / 01728 WARRANTY DEED FOSTER LYNN A
06/28/2004 $2,200,000 17182 / 00865 WARRANTY DEED CHRISTMAN PAUL R &
06/25/2001 $478,469 12695 / 01122 QUIT CLAIM ECHELE ROBERT C
11/11/1998 $100 10769 / 01117 WARRANTY DEED BENUA KATHLEEN G TR
07/01/1998 $970,000 10551 / 00373 WARRANTY DEED
01/01/1989 $560,000 05933 / 00781 WARRANTY DEED
03/01/1986 $365,000 04818 / 01648 WARRANTY DEED
02/01/1982 $412,500 03678 / 01997 WARRANTY DEED
06/01/1981 $290,000 03608 / 00976 QUIT CLAIM
11/01/1980 $210,000 03413 / 00434 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
BAS Base Area 1937
FUS Finished Upper Story 1369
Total Square Footage 3306
Area Under Air 3306

Number of Units 2
Total Square Feet* 4600
Acres .20
Property Use Code 0800—MULTIFAMILY < 5 UNITS
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

Exterior Wall 1 WSF: STUCCO
Year Built 1924
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 CLAY/BERMUDA TILE
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 CERAMIC/QUARRY TILE
Stories 2

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Sketch
for Building 1

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 2

Code Description square Footage
BAS Base Area 647
UOP Unfinished Open Porch 324
FUS Finished Upper Story 323
Total Square Footage 1294
Area Under Air 970

Number of Units 2
Total Square Feet* 4600
Acres .20
Property Use Code 0800—MULTIFAMILY < 5 UNITS
Zoning R-C—MEDIUM DENSITY RESIDENTIAL (50-PALM BEACH)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 2

Exterior Wall 1 WSF: STUCCO
Year Built 1924
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 2
Full Baths 2
Half Baths 0
Exterior Wall 2 NONE
Roof Structure FLAT
Roof Cover BUILT-UP TAR/GRAVEL
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 CERAMIC/QUARRY TILE
Stories 2

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Sketch
for Building 2

Property Extra Features

Description Year Built Units
Fountain 2013 1
Fountain 2013 1
Wall 1924 970
Patio 1987 152
Pool - In-Ground 1987 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-C 0.1965

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $3,786,926 $1,392,806 $2,611,682 $2,019,618 $1,284,408
Land Value $6,634,000 $5,564,000 $4,673,760 $3,870,394 $2,824,800
Total Market Value $10,420,926 $6,956,806 $7,285,442 $5,890,012 $4,109,208
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $3,786,926 $1,392,806 $2,611,682 $2,019,618 $1,284,408 $1,688,912 $1,461,743 $1,308,004 $1,049,753 $970,270
Land Value $6,634,000 $5,564,000 $4,673,760 $3,870,394 $2,824,800 $2,730,000 $2,470,000 $2,609,595 $2,372,359 $2,303,261
Total Market Value $10,420,926 $6,956,806 $7,285,442 $5,890,012 $4,109,208 $4,418,912 $3,931,743 $3,917,599 $3,422,112 $3,273,531

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 P 2024 2023 2022 2021
Assessed Value $10,420,926 $2,702,980 $2,624,252 $2,547,817 $2,473,609
Exemption Amount $0 $50,000 $50,000 $50,000 $50,000
Taxable Value $10,420,926 $2,652,980 $2,574,252 $2,497,817 $2,423,609
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $10,420,926 $2,702,980 $2,624,252 $2,547,817 $2,473,609 $2,439,457 $2,384,611 $2,340,148 $2,292,016 $2,244,874
Exemption Amount $0 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $10,420,926 $2,652,980 $2,574,252 $2,497,817 $2,423,609 $2,389,457 $2,334,611 $2,290,148 $2,242,016 $2,194,874

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $154,968 $39,609 $38,808 $38,867 $39,495
NON AD VALOREM $1,655 $1,566 $1,441 $1,427 $1,464
TOTAL TAX $156,622 $41,175 $40,248 $40,294 $40,959
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $154,968 $39,609 $38,808 $38,867 $39,495 $39,587 $39,348 $37,487 $37,514 $37,929
NON AD VALOREM $1,655 $1,566 $1,441 $1,427 $1,464 $1,448 $1,461 $1,461 $1,463 $915
TOTAL TAX $156,622 $41,175 $40,248 $40,294 $40,959 $41,035 $40,808 $38,948 $38,977 $38,844

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.