| Location Address | 550 ISLAND DR |
| Municipality | PALM BEACH |
| Parcel Control Number | 50-43-43-27-03-000-0361 |
| Subdivision | EVERGLADES ISLAND PL 3 IN |
| Official Records Book/Page | 35489 / 1683 |
| Sale Date | 01/08/2025 |
| Legal Description | EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38 |
| Owner(s) | Mailing Address | |||
|---|---|---|---|---|
|
260N PROPERTY LIMITED PARTNERSHIP |
1128 YONGE STREET 2ND FLOOR
TORONTO ON M4W 2L8 CANADA |
| Sales Date | Price | OR Book/Page | Sale Type | Owner |
|---|---|---|---|---|
| 01/08/2025 | $25,400,000 | 35489 / 01683 | WARRANTY DEED | 260N PROPERTY LIMITED PARTNERSHIP |
| 06/06/2014 | $9,000,000 | 26859 / 00746 | WARRANTY DEED | THORNBURGH RICHARD E & |
| 05/30/2002 | $4,190,000 | 13784 / 00844 | WARRANTY DEED | KEAN IAN M |
| 05/01/2000 | $3,500,000 | 11756 / 00402 | WARRANTY DEED | WOLF STEPHEN M |
| 01/01/1980 | $100 | 03291 / 00209 |
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.
- Save Our Homes (SOH) Base Year : 2016
- Exemption Year : 2025
| Applicant/Owner(s) | Year | Detail | ||
|---|---|---|---|---|
| THORNBURGH RICHARD E & | 2025 | HOMESTEAD | ||
| THORNBURGH RICHARD E & | 2025 | ADDITIONAL HOMESTEAD |
SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1
| Code Description | square Footage |
|---|---|
| FUS Finished Upper Story | 56 |
| FUS Finished Upper Story | 42 |
| FUS Finished Upper Story | 1022 |
| FST Finished Storage | 40 |
| FOP Finished Open Porch | 315 |
| FOP Finished Open Porch | 48 |
| FGR Finished Garage | 784 |
| BLC Balcony | 42 |
| BAS Base Area | 3338 |
| BAS Base Area | 154 |
| Total Square Footage | 5841 |
| Area Under Air | 4612 |
| Number of Units | 2 |
| Total Square Feet* | 6617 |
| Acres | .55 |
| Property Use Code | 0100—SINGLE FAMILY |
| Zoning | R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH) |
Request Structural Details Change
*May indicate living area in residential properties.
Structural Element
for Building 1
| Exterior Wall 1 | MSY: CB STUCCO |
| Year Built | 1955 |
| Air Condition Desc. | HTG & AC |
| Heat Type | FORCED AIR DUCT |
| Heat Fuel | ELECTRIC |
| Bed Rooms | 6 |
| Full Baths | 5 |
| Half Baths | 1 |
| Exterior Wall 2 | NONE |
| Roof Structure | WOOD TRUSS |
| Roof Cover | CONCRETE TILE |
| Interior Wall 1 | DRYWALL |
| Interior Wall 2 | N/A |
| Floor Type 1 | HARDWOOD |
| Floor Type 2 | N/A |
| Stories | 2 |
Sketch
for Building 1
SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 2
| Code Description | square Footage |
|---|---|
| BAS Base Area | 744 |
| FOP Finished Open Porch | 32 |
| Total Square Footage | 776 |
| Area Under Air | 744 |
| Number of Units | 2 |
| Total Square Feet* | 6617 |
| Acres | .55 |
| Property Use Code | 0100—SINGLE FAMILY |
| Zoning | R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH) |
Request Structural Details Change
*May indicate living area in residential properties.
Structural Element
for Building 2
| Exterior Wall 1 | MSY: CB STUCCO |
| Year Built | 1955 |
| 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 | WOOD TRUSS |
| Roof Cover | CONCRETE TILE |
| Interior Wall 1 | PLYWOOD PNL. |
| Interior Wall 2 | DRYWALL |
| Floor Type 1 | CERAMIC/QUARRY TILE |
| Floor Type 2 | N/A |
| Stories | 1 |
Sketch
for Building 2
Property Extra Features
| Description | Year Built | Units |
|---|---|---|
| Wall | 1955 | 310 |
| Patio | 1955 | 1350 |
| Patio Roof | 1955 | 600 |
| Pool - In-Ground | 2016 | 1 |
| Outdoor Fireplace | 2016 | 1 |
| Boat Lift | 2022 | 1 |
Property Land Details
| Land Line # | Description | Zoning | Acres |
|---|---|---|---|
| 1 | INTRACOASTAL CANAL | R-B | 0.5501 |
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Improvement Value | $1,993,043 | $467,250 | $468,971 | $315,158 | $229,141 |
| Land Value | $18,783,350 | $21,918,092 | $20,918,092 | $17,943,720 | $10,663,535 |
| Total Market Value | $20,776,393 | $22,385,342 | $21,387,063 | $18,258,878 | $10,892,676 |
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Improvement Value | $1,993,043 | $467,250 | $468,971 | $315,158 | $229,141 | $135,035 | $239,743 | $225,176 | $230,973 | $28,287 |
| Land Value | $18,783,350 | $21,918,092 | $20,918,092 | $17,943,720 | $10,663,535 | $9,200,000 | $7,840,000 | $7,764,012 | $7,188,900 | $7,188,900 |
| Total Market Value | $20,776,393 | $22,385,342 | $21,387,063 | $18,258,878 | $10,892,676 | $9,335,035 | $8,079,743 | $7,989,188 | $7,419,873 | $7,217,187 |
P = Preliminary
All values are as of January 1st each year
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assessed Value | $8,377,882 | $8,141,771 | $7,904,632 | $7,667,604 | $7,444,276 |
| Exemption Amount | $50,722 | $50,000 | $50,000 | $50,000 | $50,000 |
| Taxable Value | $8,327,160 | $8,091,771 | $7,854,632 | $7,617,604 | $7,394,276 |
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Assessed Value | $8,377,882 | $8,141,771 | $7,904,632 | $7,667,604 | $7,444,276 | $7,341,495 | $7,176,437 | $7,042,627 | $6,897,774 | $6,717,187 |
| Exemption Amount | $50722 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 |
| Taxable Value | $8,327,160 | $8,091,771 | $7,854,632 | $7,617,604 | $7,394,276 | $7,291,495 | $7,126,437 | $6,992,627 | $6,847,774 | $6,667,187 |
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| AD VALOREM | $123,994 | $120,486 | $118,080 | $118,199 | $120,145 |
| NON AD VALOREM | $414 | $388 | $376 | $1,498 | $2,000 |
| TOTAL TAX | $124,408 | $120,874 | $118,456 | $119,697 | $122,145 |
| Tax Year | 2025 P | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| AD VALOREM | $123,994 | $120,486 | $118,080 | $118,199 | $120,145 | $120,440 | $119,742 | $114,123 | $114,231 | $114,853 |
| NON AD VALOREM | $414 | $388 | $376 | $1,498 | $2,000 | $2,181 | $2,185 | $2,088 | $2,150 | $2,193 |
| TOTAL TAX | $124,408 | $120,874 | $118,456 | $119,697 | $122,145 | $122,621 | $121,927 | $116,211 | $116,381 | $117,046 |
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.