Property detail

Field Value
Location Address 488 ISLAND DR
Municipality PALM BEACH
Parcel Control Number 50-43-43-27-03-000-0251
Subdivision EVERGLADES ISLAND PL 3 IN
Official Records Book/Page 30101 / 732
Sale Date 08/31/2018
Legal Description EVERGLADES ISLAND PLAT 3 LT 25 (LESS W 17.23 FT)

Owner INFORMATION

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Owner(s) Mailing Address Actions
FEINSTEIN RICHARD
FEINSTEIN JEFFREY TR
FEINSTEIN RICHARD TR
RICHARD FEINSTEIN ET AL TR TITL HLDRS
488 ISLAND DR
PALM BEACH FL 33480 4749

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
08/31/2018 $21,000,000 30101 / 00732 WARRANTY DEED RSF TRUST
03/10/2015 $8,365,728 27444 / 00426 WARRANTY DEED 488 ISLAND DRIVE LLC
02/01/1994 $100 08134 / 00772 WARRANTY DEED GERTRUD TURKLITZ 482 ISLAND DR AG
05/01/1993 $1,400,000 07709 / 00461 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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  • Save Our Homes (SOH) Base Year : 2019
  • Exemption Year : 2027
Applicant/Owner(s) Year Detail
FEINSTEIN RICHARD 2026 HOMESTEAD
FEINSTEIN RICHARD 2026 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FUS Finished Upper Story 529
FDG Finished Det. Garage 529
FGR Finished Garage 529
BLC Balcony 53
BLC Balcony 36
BAS Base Area 3647
FUS Finished Upper Story 4100
FOP Finished Open Porch 400
FOP Finished Open Porch 110
FOP Finished Open Porch 140
Total Square Footage 10073
Area Under Air 8276

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 10073
Acres .54
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: CB STUCCO
Year Built 2018
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 6
Full Baths 7
Half Baths
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Floor Type 1 HARDWOOD
Stories 2

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Sketch
for Building 1

Property Extra Features

Description Year Built Units
Wall 1980 482
Boat Lift 2021 1
Pool - In-Ground 2018 1
Elevator 2018 1
Boat Dock 2018 250
Fountain 2021 1

Property Land Details

Land Line # Description Zoning Acres
2 RIGHT-OF-WAY R-B 0.0367
1 INTRACOASTAL R-B 0.4996

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $11,396,709 $10,306,074 $11,278,058 $11,523,234 $8,584,835
Land Value $30,030,480 $29,233,000 $29,220,673 $27,820,673 $23,929,730
Total Market Value $41,427,189 $39,539,074 $40,498,731 $39,343,907 $32,514,565
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $11,396,709 $10,306,074 $11,278,058 $11,523,234 $8,584,835 $7,483,700 $4,557,597 $4,258,743 $0 $0
Land Value $30,030,480 $29,233,000 $29,220,673 $27,820,673 $23,929,730 $13,831,592 $14,300,000 $12,870,000 $8,830,758 $8,176,350
Total Market Value $41,427,189 $39,539,074 $40,498,731 $39,343,907 $32,514,565 $21,315,292 $18,857,597 $17,128,743 $8,830,758 $8,176,350

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 $20,534,834 $19,994,970 $19,431,458 $18,865,493 $18,316,013
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $20,483,423 $19,944,248 $19,381,458 $18,815,493 $18,266,013
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $20,534,834 $19,994,970 $19,431,458 $18,865,493 $18,316,013 $17,768,022 $17,522,704 $17,128,743 $8,830,758 $8,176,350
Exemption Amount $51411 $50722 $50000 $50000 $50000 $50000 $50000 $50000 $0 $0
Taxable Value $20,483,423 $19,944,248 $19,381,458 $18,815,493 $18,266,013 $17,718,022 $17,472,704 $17,078,743 $8,830,758 $8,176,350

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $303,792 $296,714 $288,368 $282,631 $283,197
NON AD VALOREM $0 $0 $0 $0 $0
TOTAL TAX $303,792 $296,714 $288,368 $282,631 $283,197
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $303,792 $296,714 $288,368 $282,631 $283,197 $287,649 $288,368 $286,716 $143,915 $136,192
NON AD VALOREM $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
TOTAL TAX $303,792 $296,714 $288,368 $282,631 $283,197 $287,649 $288,368 $286,716 $143,915 $136,192

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.