Property detail

Field Value
Location Address 205 ROYAL PALM WAY
Municipality PALM BEACH
Parcel Control Number 50-43-43-23-05-021-0190
Subdivision ROYAL PARK ADD TO P B IN
Official Records Book/Page 28048 / 306
Sale Date 01/08/2016
Legal Description ROYAL PARK ADD LTS 19 THRU 21 BLK A

Owner INFORMATION

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Owner(s) Mailing Address Actions
205 ROYAL PALM WAY LLC
221 ROYAL PALM WAY STE 203
PALM BEACH FL 33480 4302

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
01/08/2016 $14,000,000 28048 / 00306 WARRANTY DEED 205 ROYAL PALM WAY LLC
12/29/2009 $12,501,000 23615 / 00541 CERT OF TITLE INVESTORS WARRANTY OF AMERICA INC
08/22/2006 $10 20776 / 01635 WARRANTY DEED INVESTORS WARRANTY OF AMERICA INC
10/23/1998 $100 10746 / 01217 WARRANTY DEED COOK EDWARD W TRUST
01/01/1969 $106,000 01754 / 00000

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
OFFICES 2389
OFFICES 5087
Total Square Footage 7476

Field Value
Total Number of Units Per Parcel 0
Total Square Feet* 23235
Acres .99
Property Use Code 2300—FINANCIAL
Zoning C-OPI—COMMERCIAL OFF, PROF, INST (50-PALM BEACH)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Field Value
Year Built 1956
OFFICE BLDG L/R 1-4S 7476

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Sketch
for Building 1

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 2

Code Description square Footage
BANK/SAVINGS INST 5450
BANK/SAVINGS INST 3025
SUPPORT 70
BANK/SAVINGS INST 7214
Total Square Footage 15759

Field Value
Total Number of Units Per Parcel 0
Total Square Feet* 23235
Acres .99
Property Use Code 2300—FINANCIAL
Zoning C-OPI—COMMERCIAL OFF, PROF, INST (50-PALM BEACH)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 2

Field Value
Year Built 1925
BANK/MAIN OFFICE 15759

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Sketch
for Building 2

Property Extra Features

Description Year Built Units
Paving- Asphalt 1956 14608
Patio 1987 2336
Commercial Fountain 1999 1

Property Land Details

Land Line # Description Zoning Acres
1 COMMERCIAL C-OPI 0.7413
2 COMMERCIAL C-OPI 0.2471

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $5,212,267 $5,292,683 $5,406,060 $5,349,555 $5,162,970
Land Value $21,360,662 $19,374,750 $13,454,750 $10,982,789 $10,155,170
Total Market Value $26,572,929 $24,667,433 $18,860,810 $16,332,344 $15,318,140
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $5,212,267 $5,292,683 $5,406,060 $5,349,555 $5,162,970 $4,715,234 $4,784,279 $4,909,918 $4,314,529 $4,475,092
Land Value $21,360,662 $19,374,750 $13,454,750 $10,982,789 $10,155,170 $8,206,909 $7,967,873 $7,588,450 $7,172,000 $6,830,359
Total Market Value $26,572,929 $24,667,433 $18,860,810 $16,332,344 $15,318,140 $12,922,143 $12,752,152 $12,498,368 $11,486,529 $11,305,451

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 $20,811,240 $18,919,309 $17,199,372 $15,635,793 $14,214,357
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $20,811,240 $18,919,309 $17,199,372 $15,635,793 $14,214,357
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $20,811,240 $18,919,309 $17,199,372 $15,635,793 $14,214,357 $12,922,143 $12,752,152 $12,498,368 $11,486,529 $11,305,451
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $20,811,240 $18,919,309 $17,199,372 $15,635,793 $14,214,357 $12,922,143 $12,752,152 $12,498,368 $11,486,529 $11,305,451

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $344,709 $317,645 $266,252 $239,232 $227,448
NON AD VALOREM $5,214 $5,027 $4,795 $4,531 $4,438
TOTAL TAX $349,923 $322,672 $271,046 $243,763 $231,886
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $344,709 $317,645 $266,252 $239,232 $227,448 $209,663 $210,333 $209,690 $187,196 $188,313
NON AD VALOREM $5,214 $5,027 $4,795 $4,531 $4,438 $4,552 $4,454 $4,544 $4,540 $4,495
TOTAL TAX $349,923 $322,672 $271,046 $243,763 $231,886 $214,215 $214,787 $214,234 $191,736 $192,808

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.