| Location Address | 622 N FLAGLER DR 502 |
| Municipality | WEST PALM BEACH |
| Parcel Control Number | 74-43-43-22-34-005-5020 |
| Subdivision | ONE WATERMARK PLACE OF THE PALM BEACHES CONDOMINIUM |
| Official Records Book/Page | 34874 / 1935 |
| Sale Date | 02/26/2024 |
| Legal Description | ONE WATERMARK PLACE OF THE PALM BEACHES CONDOMINIUM UNIT 502 |
| Owner(s) | Mailing Address | |||
|---|---|---|---|---|
|
KRAUSE ALAN M TRUST |
622 N FLAGLER DR APT 502
WEST PALM BEACH FL 33401 4018 |
| Sales Date | Price | OR Book/Page | Sale Type | Owner |
|---|---|---|---|---|
| 02/26/2024 | $8,200,000 | 34874 / 01935 | DEED OF TRUST | KRAUSE ALAN M TRUST |
| 12/08/2021 | $7,790,000 | 33143 / 00725 | WARRANTY DEED | KRAUSE KAREN L TRUST |
| 06/24/2021 | $4,750,000 | 32642 / 01827 | WARRANTY DEED | FEINBERG STACEY WOOLF TRUST |
| 05/22/2003 | $1,750,000 | 15328 / 01276 | WARRANTY DEED | RENTSCHLER BARBARA |
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.
No Exemption Information Available.
SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1
| Code Description | square Footage |
|---|---|
| BAS Base Area | 4197 |
| BLC Balcony | 472 |
| BLC Balcony | 330 |
| BLC Balcony | 95 |
| Total Square Footage | 5094 |
| Area Under Air | 4197 |
| Number of Units | 1 |
| Total Square Feet* | 4475 |
| Acres | |
| Property Use Code | 0400—CONDOMINIUM |
| Zoning | LD-5—LOFTIN DISTRICT - 5 (74-WEST PALM BEACH) |
Request Structural Details Change
*May indicate living area in residential properties.
Structural Element
for Building 1
| Name | ONE WATERMARK PLACE OF THE PALM BEACHES CONDO |
| Area | 4475 |
| Year Built | 2003 |
| No of Bedroom(s) | 4 |
| No of Bath(s) | 4 |
| No of Half Bath(s) | 1 |
| Exterior Wall 1 | MSY: CB STUCCO |
| Air Condition DESC | HTG & AC |
| Heat Type | FORCED AIR DUCT |
| Roof Structure | PRESTRESSED CONCRETE |
| Roof Cover | ROLLED COMPOSITION |
| Interior Wall 1 | DRYWALL |
| Floor Type 1 | CARPETING |
| Floor Type 2 | CERAMIC/QUARRY TILE |
| Stories | 1 |
Sketch
for Building 1
Property Extra Features
|
No Extra Feature Available |
Property Land Details
|
No Land Details Available |
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Improvement Value | $6,540,000 | $7,240,000 | $7,750,000 | $5,671,000 | $3,450,000 |
| Land Value | $0 | $0 | $0 | $0 | $0 |
| Total Market Value | $6,540,000 | $7,240,000 | $7,750,000 | $5,671,000 | $3,450,000 |
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Improvement Value | $6,540,000 | $7,240,000 | $7,750,000 | $5,671,000 | $3,450,000 | $3,000,000 | $3,150,000 | $2,850,000 | $2,850,000 | $3,250,000 |
| Land Value | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Market Value | $6,540,000 | $7,240,000 | $7,750,000 | $5,671,000 | $3,450,000 | $3,000,000 | $3,150,000 | $2,850,000 | $2,850,000 | $3,250,000 |
All values are as of January 1st each year
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assessed Value | $6,540,000 | $6,861,910 | $6,238,100 | $5,671,000 | $2,178,697 |
| Exemption Amount | $0 | $0 | $0 | $0 | $50,000 |
| Taxable Value | $6,540,000 | $6,861,910 | $6,238,100 | $5,671,000 | $2,128,697 |
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Assessed Value | $6,540,000 | $6,861,910 | $6,238,100 | $5,671,000 | $2,178,697 | $2,148,616 | $2,100,309 | $2,061,147 | $2,018,753 | $1,977,231 |
| Exemption Amount | $0 | $0 | $0 | $0 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 |
| Taxable Value | $6,540,000 | $6,861,910 | $6,238,100 | $5,671,000 | $2,128,697 | $2,098,616 | $2,050,309 | $2,011,147 | $1,968,753 | $1,927,231 |
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| AD VALOREM | $133,722 | $142,737 | $138,281 | $119,542 | $46,464 |
| NON AD VALOREM | $214 | $207 | $203 | $200 | $196 |
| TOTAL TAX | $133,936 | $142,944 | $138,484 | $119,742 | $46,660 |
| Tax Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| AD VALOREM | $133,722 | $142,737 | $138,281 | $119,542 | $46,464 | $46,282 | $45,647 | $43,679 | $43,379 | $43,393 |
| NON AD VALOREM | $214 | $207 | $203 | $200 | $196 | $195 | $197 | $148 | $123 | $122 |
| TOTAL TAX | $133,936 | $142,944 | $138,484 | $119,742 | $46,660 | $46,477 | $45,844 | $43,827 | $43,502 | $43,515 |
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.