Property detail

Field Value
Location Address 1616 S OCEAN BLVD
Municipality PALM BEACH
Parcel Control Number 50-43-44-11-00-001-0010
Subdivision
Official Records Book/Page 29854 / 680
Sale Date 05/14/2018
Legal Description 11-44-43, S 150 FT N 200 FT OF GOV LOT 1 (LESS SR A1A R/W)

Owner INFORMATION

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Owner(s) Mailing Address Actions
LAND TRUST SERVICE CORPORATION TRUSTEE
PO BOX 547945
ORLANDO FL 32854 7945

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
05/14/2018 $22,430,000 29854 / 00680 WARRANTY DEED LAND TRUST SERVICE CORPORATION TRUSTEE
05/01/1996 $5,750,000 09244 / 01087 WARRANTY DEED
07/01/1985 $3,350,000 04595 / 01927 WARRANTY DEED
01/01/1972 $135,000 01988 / 01710

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
BLC Balcony 27
BLC Balcony 21
BLC Balcony 28
FBM Finished Basement 2287
FBM Finished Basement 840
FGR Finished Garage 840
FGR Finished Garage 4352
BLC Balcony 24
BAS Base Area 8674
UST Unfinished Storage 212
UST Unfinished Storage 414
UST Unfinished Storage 818
UST Unfinished Storage 160
FUS Finished Upper Story 9669
NVA No Value Area 841
FST Finished Storage 224
FST Finished Storage 278
FOP Finished Open Porch 164
FOP Finished Open Porch 768
FOP Finished Open Porch 48
FOP Finished Open Porch 140
FOP Finished Open Porch 128
FOP Finished Open Porch 276
FOP Finished Open Porch 224
FOP Finished Open Porch 561
Total Square Footage 32018
Area Under Air 18343

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 32018
Acres 1.88
Property Use Code 0100—SINGLE FAMILY
Zoning R-A—ESTATE RESIDENTIAL (50-PALM BEACH)

Request Structural Details Change

*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 2023
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 7
Full Baths 8
Half Baths 3
Exterior Wall 2 NONE
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 STONE
Floor Type 2 HARDWOOD
Stories 2

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Wall 1973 7042
Wall 1973 1750
Boat Dock 2023 1122
Pool - In-Ground 2023 1
Fountain 2023 1
Fountain 2023 1
Bbq 2023 1
Boat Lift 2023 1

Property Land Details

Land Line # Description Zoning Acres
1 OCEAN VIEW R-A 1.5470
2 OCEAN ACCESS R-A 0.3360

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $45,458,653 $38,055,178 $39,453,582 $40,813 $41,978
Land Value $41,262,183 $40,255,800 $36,901,110 $33,546,500 $28,656,400
Total Market Value $86,720,836 $78,310,978 $76,354,692 $33,587,313 $28,698,378
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $45,458,653 $38,055,178 $39,453,582 $40,813 $41,978 $35,832 $36,776 $38,664 $2,000,174 $2,004,168
Land Value $41,262,183 $40,255,800 $36,901,110 $33,546,500 $28,656,400 $24,800,300 $17,400,000 $20,000,000 $19,635,753 $16,363,127
Total Market Value $86,720,836 $78,310,978 $76,354,692 $33,587,313 $28,698,378 $24,836,132 $17,436,776 $20,038,664 $21,635,927 $18,367,295

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 $78,585,299 $71,441,181 $64,946,528 $23,208,349 $21,098,499
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $78,585,299 $71,441,181 $64,946,528 $23,208,349 $21,098,499
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $78,585,299 $71,441,181 $64,946,528 $23,208,349 $21,098,499 $19,180,454 $17,436,776 $20,038,664 $7,236,396 $7,087,557
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $50000 $50000
Taxable Value $78,585,299 $71,441,181 $64,946,528 $23,208,349 $21,098,499 $19,180,454 $17,436,776 $20,038,664 $7,186,396 $7,037,557

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $1,216,018 $1,105,683 $1,037,812 $415,435 $376,467
NON AD VALOREM $6,402 $7,201 $6,315 $5,264 $5,181
TOTAL TAX $1,222,420 $1,112,884 $1,044,127 $420,699 $381,648
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $1,216,018 $1,105,683 $1,037,812 $415,435 $376,467 $350,088 $287,600 $336,197 $117,281 $117,392
NON AD VALOREM $6,402 $7,201 $6,315 $5,264 $5,181 $5,316 $7,233 $6,740 $6,179 $6,552
TOTAL TAX $1,222,420 $1,112,884 $1,044,127 $420,699 $381,648 $355,404 $294,834 $342,936 $123,460 $123,944

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.