Property detail

Location Address 1550 S OCEAN BLVD
Municipality PALM BEACH
Parcel Control Number 50-43-44-02-04-000-0012
Subdivision LAGOMAR PARK NO 2 IN
Official Records Book/Page 08735 / 1956
Sale Date 03/01/1994
Legal Description LAGOMAR PARK NO 2 PART OF LOT 1 & N 8.32 FT OF S 90.82 FT OF E 13.27 FT OF LT10 IN OR276P80 & N 15 FT OF LT 1-A

Owner INFORMATION

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Owner(s) Mailing Address
OSMENA MARIA V
MARIA V OSMENA TR TITL HLDR
OSMENA MARIA V TR
1550 S OCEAN BLVD
PALM BEACH FL 33480 5103

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
03/01/1994 $100 08735 / 01956 QUIT CLAIM
03/01/1994 $100 08155 / 00593 QUIT CLAIM
05/01/1993 $1,600,000 07717 / 00856 REP DEED
08/01/1991 $1,285,000 06951 / 01142 WARRANTY DEED
03/01/1986 $730,000 04810 / 01709 WARRANTY DEED
01/01/1977 $185,000 02628 / 01126

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 : 1995
  • Exemption Year : 2025
Applicant/Owner(s) Year Detail
OSMENA MARIA V 2025 HOMESTEAD
OSMENA MARIA V 2025 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
UEP Unfinished Encl. Porch 96
BAS Base Area 1148
FUS Finished Upper Story 1148
FUS Finished Upper Story 1148
FOP Finished Open Porch 96
FOP Finished Open Porch 350
FOP Finished Open Porch 190
Total Square Footage 4176
Area Under Air 3444

Number of Units 1
Total Square Feet* 4176
Acres .26
Property Use Code 0100—SINGLE FAMILY
Zoning R-A—ESTATE RESIDENTIAL (50-PALM BEACH)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Bldg Type EXC-LUX.RES
Exterior Wall 1 WSF: BRICK
Year Built 1928
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 DRYWALL
Interior Wall 2 N/A
Floor Type 1 CERAMIC/QUARRY TILE
Floor Type 2 N/A
Stories 3

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Wall 1928 360
Wall 1928 1400
Fountain 1987 1
Pool - In-Ground 1928 1

Property Land Details

Land Line # Description Zoning Acres
1 OCEAN VIEW R-A 0.2634

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $2,118,719 $2,324,972 $2,673,459 $2,000,115 $2,580,345
Land Value $5,887,560 $5,396,930 $4,906,300 $4,460,280 $3,720,000
Total Market Value $8,006,279 $7,721,902 $7,579,759 $6,460,395 $6,300,345
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $2,118,719 $2,324,972 $2,673,459 $2,000,115 $2,580,345 $1,274,835 $1,400,736 $1,162,234 $1,160,805 $1,160,413
Land Value $5,887,560 $5,396,930 $4,906,300 $4,460,280 $3,720,000 $2,610,000 $3,000,000 $3,163,439 $2,636,199 $2,584,509
Total Market Value $8,006,279 $7,721,902 $7,579,759 $6,460,395 $6,300,345 $3,884,835 $4,400,736 $4,325,673 $3,797,004 $3,744,922

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 $2,352,967 $2,286,654 $2,220,052 $2,155,390 $2,092,612
Exemption Amount $50,722 $50,000 $50,000 $50,000 $50,000
Taxable Value $2,302,245 $2,236,654 $2,170,052 $2,105,390 $2,042,612
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $2,352,967 $2,286,654 $2,220,052 $2,155,390 $2,092,612 $2,063,720 $2,017,322 $1,979,708 $1,938,989 $1,899,108
Exemption Amount $50722 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $2,302,245 $2,236,654 $2,170,052 $2,105,390 $2,042,612 $2,013,720 $1,967,322 $1,929,708 $1,888,989 $1,849,108

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $34,399 $33,418 $32,740 $32,786 $33,313
NON AD VALOREM $207 $194 $188 $184 $178
TOTAL TAX $34,606 $33,612 $32,928 $32,970 $33,491
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $34,399 $33,418 $32,740 $32,786 $33,313 $33,389 $33,186 $31,613 $31,634 $31,982
NON AD VALOREM $207 $194 $188 $184 $178 $173 $175 $175 $172 $170
TOTAL TAX $34,606 $33,612 $32,928 $32,970 $33,491 $33,562 $33,361 $31,788 $31,806 $32,152

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.