Property Detail
Location Address : 240 BAHAMA LN
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-10-02-000-0170
Subdivision : BAHAMA ADD IN
Official Records Book/Page : 32036 / 1983
Sale Date : 12/22/2020
Legal Description : BAHAMA ADDITION LT 17
Owner Information
Owner(s) Mailing Address
GRACE JOHN R
GRACE JOHN R TR
JOHN R GRACE TR TITL HLDR
 240 BAHAMA LN
PALM BEACH FL 33480 3308
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
12/22/2020 $10 32036 / 01983 WARRANTY DEED GRACE SHERRI L TRUST
11/09/2020 $10 31902 / 01160 WARRANTY DEED GRACE SHERRI L
12/30/2013 $2,910,000 26534 / 01986 WARRANTY DEED GRACE JOHN R &
06/03/2005 $3,350,000 18697 / 00324 WARRANTY DEED PALM BEACH POOH LLC
05/01/1995 $416,000 08753 / 01923 WARRANTY DEED
07/01/1992 $600,000 07354 / 00782 REP DEED
Exemption Information
Applicant/Owner(s) Year Detail
GRACE JOHN R 2026 HOMESTEAD
GRACE JOHN R 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 4350
Acres : .23
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 MSY: CB STUCCO
Year Built 1996
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 3
Half Baths 1
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 MARBLE
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FGR Finished Garage 346
FOP Finished Open Porch 36
BAS Base Area 110
BAS Base Area 1864
UOP Unfinished Open Porch 221
FUS Finished Upper Story 1743
NVA No Value Area 30
Total Square Footage 4350
Area Under Air 3717
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Patio 1996 262
Wall 1996 145
Elevator 2006 1
Pool - In-Ground 1996 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR GOLF COURSE R-B 0.2335
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $2,291,933 $1,840,121 $2,054,384 $2,822,949 $1,425,893
Land Value $5,491,800 $5,440,950 $5,746,050 $5,339,250 $3,864,600
Total Market Value $7,783,733 $7,281,071 $7,800,434 $8,162,199 $5,290,493
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $2,960,320 $2,882,493 $2,801,257 $2,719,667 $2,640,453
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $2,908,909 $2,831,771 $2,751,257 $2,669,667 $2,590,453
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $43,285 $42,268 $41,070 $40,240 $40,302
NON AD VALOREM $217 $205 $194 $188 $184
TOTAL TAX $43,502 $42,473 $41,264 $40,428 $40,486
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov