Property Detail
Location Address : 1240 N OCEAN WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-03-08-000-0240
Subdivision : ALTO LIDO
Official Records Book/Page : 05546 / 1927
Sale Date : 01/01/1988
Legal Description : ALTO LIDO LT 24
Owner Information
Owner(s) Mailing Address
COLLIER MARIA M
COLLIER TERRY K &
 1240 N OCEAN WAY
PALM BEACH FL 33480 3141
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
01/01/1988 $425,000 05546 / 01927 WARRANTY DEED COLLIER TERRY K &
01/01/1979 $150,000 03115 / 00519
Exemption Information
Applicant/Owner(s) Year Detail
COLLIER TERRY K & 2026 HOMESTEAD
COLLIER TERRY K & 2026 ADDITIONAL HOMESTEAD
COLLIER MARIA M 2026 HOMESTEAD
COLLIER MARIA M 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 5012
Acres : .29
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-RESIDENT
Exterior Wall 1 MSY: CB STUCCO
Year Built 1954
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 4
Half Baths 1
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover BUILT-UP TAR/GRAVEL
Interior Wall 1 PLYWOOD PNL.
Interior Wall 2 DRYWALL
Floor Type 1 CARPETING
Floor Type 2 CERAMIC/QUARRY TILE
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FUS Finished Upper Story 918
FOP Finished Open Porch 200
FGR Finished Garage 900
BAS Base Area 2794
UOP Unfinished Open Porch 200
Total Square Footage 5012
Area Under Air 3712
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Wall 1954 330
Patio 1982 252
Pool - In-Ground 2000 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2877
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $271,998 $70,778 $10,146 $34,937 $20,939
Land Value $6,554,236 $6,599,560 $6,967,792 $5,460,819 $4,373,668
Total Market Value $6,826,234 $6,670,338 $6,977,938 $5,495,756 $4,394,607
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $910,925 $886,977 $804,059 $780,640 $757,903
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $859,514 $836,255 $754,059 $730,640 $707,903
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $12,907 $12,597 $11,371 $11,130 $11,132
NON AD VALOREM $966 $954 $943 $868 $864
TOTAL TAX $13,873 $13,551 $12,314 $11,999 $11,996
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov