Property detail

Location Address 176 LAKE DR 1-1
Municipality PALM BEACH SHORES
Parcel Control Number 54-43-42-27-04-000-5362
Subdivision PALM BEACH SHORES IN PB 23 PGS 29 TO 32 INC
Official Records Book/Page 34641 / 882
Sale Date 10/03/2023
Legal Description PALM BEACH SHORES PT OF LTS 536 THRU 540, PT OF RESVD PLOT LYG W OF & ADJ TO LTS 539 & 540 & PT OF PVT RD # 4 K/A PROPOSED CANNONSPORT COND IN OR20602P430 (LESS PT OF LTS 536 & 540 IN OR22530 P1535)

Owner INFORMATION

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Owner(s) Mailing Address
PBS CONDOMINIUM LLC
2850 QUARRY LAKE DR STE 140
BALTIMORE MD 21209 3876

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
10/03/2023 $58,500,000 34641 / 00882 WARRANTY DEED PBS CONDOMINIUM LLC
09/25/2023 $0 34607 / 01577 QUIT CLAIM CNRI CANNONSPORT LLC
07/11/2006 $10 20602 / 00430 WARRANTY DEED CNRI CANNONSPORT CONDOMINIUM LLC

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
APARTMENT 17343
HEALTH CLUB 519
PARKING LEVEL FLOORS 0
Total Square Footage 17862

Number of Units 36
Total Square Feet* 96953
Acres 1.61
Property Use Code 0300—MULTIFAMILY 10 UNITS OR MORE
Zoning C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Year Built 2008
APARTMENTS LOW RISE 17862

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Sketch
for Building 1

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 2

Code Description square Footage
PARKING LEVEL FLOORS 0
APARTMENT 17343
OFFICES 1100
Total Square Footage 18443

Number of Units 36
Total Square Feet* 96953
Acres 1.61
Property Use Code 0300—MULTIFAMILY 10 UNITS OR MORE
Zoning C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

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*May indicate living area in residential properties.

Structural Element
for Building 2

Year Built 2008
APARTMENTS LOW RISE 18443

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Sketch
for Building 2

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 3

Code Description square Footage
PARKING LEVEL FLOORS 0
APARTMENT 13422
Total Square Footage 13422

Number of Units 36
Total Square Feet* 96953
Acres 1.61
Property Use Code 0300—MULTIFAMILY 10 UNITS OR MORE
Zoning C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 3

Year Built 2008
APARTMENTS LOW RISE 13422

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Sketch
for Building 3

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 4

Code Description square Footage
APARTMENT 13422
PARKING LEVEL FLOORS 0
Total Square Footage 13422

Number of Units 36
Total Square Feet* 96953
Acres 1.61
Property Use Code 0300—MULTIFAMILY 10 UNITS OR MORE
Zoning C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 4

Year Built 2008
APARTMENTS LOW RISE 13422

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Sketch
for Building 4

SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 5

Code Description square Footage
APARTMENT 33804
PARKING LEVEL FLOORS 0
Total Square Footage 33804

Number of Units 36
Total Square Feet* 96953
Acres 1.61
Property Use Code 0300—MULTIFAMILY 10 UNITS OR MORE
Zoning C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 5

Year Built 2008
APARTMENTS LOW RISE 33804

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Sketch
for Building 5

Property Extra Features

Description Year Built Units
Walkway-Concrete 2008 989
Patio 2008 209
Walkway-Concrete 2008 2482
Patio 2008 527
Swimming Pool Commercial 2008 910
Spa 2008 1
Patio 2008 209
Walkway-Concrete 2008 989
Patio 2008 271
Walkway-Concrete 2008 1277
Walkway-Concrete 2008 1277
Patio 2008 271

Property Land Details

Land Line # Description Zoning Acres
1 MULTI FAMILY C 1.6112

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $27,954,723 $26,477,509 $15,784,542 $15,344,847 $12,694,773
Land Value $14,036,400 $12,281,850 $2,520,000 $2,383,200 $2,044,044
Total Market Value $41,991,123 $38,759,359 $18,304,542 $17,728,047 $14,738,817
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $27,954,723 $26,477,509 $15,784,542 $15,344,847 $12,694,773 $12,110,262 $11,468,559 $11,107,930 $10,634,252 $0
Land Value $14,036,400 $12,281,850 $2,520,000 $2,383,200 $2,044,044 $2,044,044 $1,946,700 $1,890,000 $1,800,000 $0
Total Market Value $41,991,123 $38,759,359 $18,304,542 $17,728,047 $14,738,817 $14,154,306 $13,415,259 $12,997,930 $12,434,252 $11,500,000

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 $41,991,123 $38,759,359 $17,833,969 $16,212,699 $14,738,817
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $41,991,123 $38,759,359 $17,833,969 $16,212,699 $14,738,817
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $41,991,123 $38,759,359 $17,833,969 $16,212,699 $14,738,817 $14,154,306 $13,415,259 $12,997,930 $12,434,252 $11,500,000
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $41,991,123 $38,759,359 $17,833,969 $16,212,699 $14,738,817 $14,154,306 $13,415,259 $12,997,930 $12,434,252 $11,500,000

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $822,518 $759,579 $355,090 $336,710 $304,945
NON AD VALOREM $4,446 $4,096 $3,945 $3,826 $3,671
TOTAL TAX $826,963 $763,675 $359,034 $340,536 $308,615
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $822,518 $759,579 $355,090 $336,710 $304,945 $295,259 $282,731 $261,286 $253,562 $240,037
NON AD VALOREM $4,446 $4,096 $3,945 $3,826 $3,671 $3,629 $3,709 $3,745 $3,750 $3,708
TOTAL TAX $826,963 $763,675 $359,034 $340,536 $308,615 $298,888 $286,439 $265,030 $257,312 $243,745

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.