Property Detail
Location Address : 1237 N OCEAN WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-03-08-000-0010
Subdivision : ALTO LIDO
Official Records Book/Page : 24053 / 974
Sale Date : 08/27/2010
Legal Description : ALTO LIDO LTS 1, 1-A, 2 & 2-A
Owner Information
Owner(s) Mailing Address
SMITH MATTHEW K &
SMITH TRACY E
 1237 N OCEAN WAY
PALM BEACH FL 33480 3138
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
08/27/2010 $6,800,000 24053 / 00974 WARRANTY DEED SMITH MATTHEW K &
02/22/2008 $10 22484 / 00733 REP DEED SMITH BERNADETTE C
01/01/1977 $350,000 02715 / 00826
Exemption Information
Applicant/Owner(s) Year Detail
SMITH MATTHEW K & 2026 HOMESTEAD
SMITH MATTHEW K & 2026 ADDITIONAL HOMESTEAD
SMITH TRACY E 2026 HOMESTEAD
SMITH TRACY E 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 16449
Acres : .93
Property Use Code : 0100—SINGLE FAMILY
Zoning : R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)
Building Details

Structural Details

Structural Element for Building 1
Bldg Type EXC-LUX.RES
Exterior Wall 1 WSF: WOOD SIDING
Year Built 2013
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel GAS
Bed Rooms 6
Full Baths 6
Half Baths 2
Roof Structure WOOD TRUSS
Roof Cover WOOD SHAKES
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 MARBLE
Stories 2.5
Subarea and Square Footage for Building 1
Code Description square Footage
FGR Finished Garage 1066
BLC Balcony 392
BSM Basement 1330
BAS Base Area 4478
FUS Finished Upper Story 999
FUS Finished Upper Story 4221
NVA No Value Area 710
FST Finished Storage 697
FOP Finished Open Porch 275
FOP Finished Open Porch 186
FOP Finished Open Porch 110
FOP Finished Open Porch 180
FOP Finished Open Porch 521
APT Apartment 999
FOP Finished Open Porch 285
Total Square Footage 16449
Area Under Air 10697
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Deck 2013 626
Pool - In-Ground 2013 1
Elevator 2013 1
Cabana 1925 350

Property Land Details

Land Line # Description Zoning Acres
2 OCEAN ACCESS BA 0.1135
1 OCEAN VIEW R-B 0.8173
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $19,910,949 $19,084,680 $20,250,796 $22,799,393 $22,614,281
Land Value $31,641,193 $30,869,542 $28,296,790 $28,314,350 $14,328,050
Total Market Value $51,552,142 $49,954,222 $48,547,586 $51,113,743 $36,942,331
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $16,445,880 $16,013,515 $15,562,211 $15,108,943 $14,668,877
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $16,394,469 $15,962,793 $15,512,211 $15,058,943 $14,618,877
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $243,181 $237,513 $230,831 $226,235 $226,684
NON AD VALOREM $434 $410 $388 $376 $368
TOTAL TAX $243,615 $237,923 $231,219 $226,611 $227,052
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov