Property Detail
Location Address : 325 E KEY PALM RD
Municipality : BOCA RATON
Parcel Control Number : 06-43-47-29-10-003-0200
Subdivision : ROYAL PALM YACHT & COUNTRY CLUB SUB
Official Records Book/Page : 24927 / 1021
Sale Date : 12/23/2011
Legal Description : ROYAL PALM YACHT & CNTRY CLUB LT 20 BLK 3
Owner Information
Owner(s) Mailing Address
WALLACE DAVID &
WALLACE PATRICIA
 325 E KEY PALM RD
BOCA RATON FL 33432 7925
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
12/23/2011 $2,500,000 24927 / 01021 WARRANTY DEED WALLACE DAVID &
07/09/2003 $3,636,199 15624 / 00886 WARRANTY DEED KENELLY JOHN S &
04/17/2002 $10 13715 / 01644 WARRANTY DEED SCHMIDT RICHARD
04/16/2002 $3,500,000 13635 / 00365 WARRANTY DEED SCHMIDT RICHARD
12/01/1993 $1,659,400 08109 / 00704 WARRANTY DEED
07/01/1992 $5,957,000 07330 / 00176 CERT OF TITLE
01/01/1978 $125,000 02883 / 01706
01/01/1970 $94,000 01856 / 00733 WARRANTY DEED
Exemption Information
Applicant/Owner(s) Year Detail
WALLACE DAVID & 2026 HOMESTEAD
WALLACE DAVID & 2026 ADDITIONAL HOMESTEAD
WALLACE PATRICIA 2026 HOMESTEAD
WALLACE PATRICIA 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 13721
Acres : .47
Property Use Code : 0100—SINGLE FAMILY
Zoning : R-1-A—RESIDENTIAL (LOW) (06-BOCA RATON)
Building Details

Structural Details

Structural Element for Building 1
Bldg Type EXC-LUX.RES
Exterior Wall 1 MSY: CB STUCCO
Year Built 2013
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 6
Full Baths 6
Half Baths 2
Roof Structure WOOD TRUSS
Roof Cover CLAY/BERMUDA TILE
Interior Wall 1 DECORATIVE WALL CVR
Floor Type 1 MARBLE
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FOP Finished Open Porch 380
BLC Balcony 382
FGR Finished Garage 1052
BLC Balcony 28
BAS Base Area 4785
FUS Finished Upper Story 5102
FOP Finished Open Porch 106
FOP Finished Open Porch 441
FOP Finished Open Porch 1112
FOP Finished Open Porch 333
Total Square Footage 13721
Area Under Air 9887
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Elevator 2013 1
Boat Dock 2013 240
Pool - In-Ground 2013 1
Spa 2013 1
Bbq 2013 1
Wall 2013 2197
Boat Dock 2013 120
Boat Lift 2013 1

Property Land Details

Land Line # Description Zoning Acres
1 INTRACOASTAL CANAL R-1-A 0.4652
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $4,933,877 $5,241,207 $5,943,726 $5,812,838 $5,261,538
Land Value $7,907,800 $7,263,907 $7,263,907 $7,337,280 $5,558,500
Total Market Value $12,841,677 $12,505,114 $13,207,633 $13,150,118 $10,820,038
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $8,044,123 $7,832,642 $7,611,897 $7,390,191 $7,174,943
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $7,992,712 $7,781,920 $7,561,897 $7,340,191 $7,124,943
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $135,315 $132,478 $128,807 $126,118 $125,279
NON AD VALOREM $441 $360 $349 $343 $339
TOTAL TAX $135,756 $132,838 $129,156 $126,461 $125,618
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov