Property Detail
Location Address : 140 AUSTRALIAN AVE
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-23-05-008-0470
Subdivision : ROYAL PARK ADD TO P B IN
Official Records Book/Page : 25402 / 955
Sale Date : 08/27/2012
Legal Description : ROYAL PARK ADD LTS 47 & 48 BLK 8
Owner Information
Owner(s) Mailing Address
ELGHANAYAN STEVEN &
RAD ELIZABETH
140 AUSTRALIAN AVE
PALM BEACH FL 33480 4435
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
08/27/2012 $2,150,000 25402 / 00955 WARRANTY DEED ELGHANAYAN STEVEN &
06/01/2011 $10 24592 / 01601 DEED OF TRUST YOUNG WILLIAM TANDY III &
06/01/2011 $10 24592 / 01599 DEED OF TRUST YOUNG WILLIAM TANDY III &
06/01/2011 $10 24592 / 01597 DEED OF TRUST YOUNG WILLIAM TANDY III &
09/21/2009 $10 23496 / 01366 DEED OF TRUST YOUNG WILLIAM T III FAMILY TRUST &
09/21/2009 $10 23496 / 01363 DEED OF TRUST WILLIAM TANDY YOUNG III FAMILY TRUST &
09/21/2009 $10 23496 / 01360 DEED OF TRUST WILLIAM TANDY YOUNG III FAMILY TRUST &
08/31/2007 $1 22080 / 01885 DEED OF TRUST DIXON FRANCIGENE S
08/31/2007 $1 22080 / 01881 DEED OF TRUST YOUNG SHERIDAN TR
08/31/2007 $1 22080 / 01877 DEED OF TRUST YOUNG SHERIDAN TR
10/24/2003 $10 16151 / 01506 WARRANTY DEED DIXON FRANCIGENE S
10/01/1998 $850,000 10689 / 00798 REP DEED DIXON FRANCIGENE
12/01/1993 $100 08057 / 00641 LIFE ESTATE
Exemption Information
Applicant/Owner(s) Year Detail
ELGHANAYAN STEVEN & 2026 HOMESTEAD
ELGHANAYAN STEVEN & 2026 ADDITIONAL HOMESTEAD
RAD ELIZABETH 2026 HOMESTEAD
RAD ELIZABETH 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 5200
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-LUX.RES
Exterior Wall 1 MSY: CB STUCCO
Year Built 2014
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 5
Full Baths 6
Half Baths 1
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 MARBLE
Floor Type 2 N/A
Stories 2

Subarea and Square Footage for Building 1
Code Description square Footage
FGR Finished Garage 441
FOP Finished Open Porch 220
BLC Balcony 220
BAS Base Area 2870
FUS Finished Upper Story 1449
Total Square Footage 5200
Area Under Air 4319
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Pool - In-Ground 2014 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2870
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $5,174,115 $4,990,666 $4,504,464 $3,603,025 $2,817,598
Land Value $10,250,000 $9,687,500 $8,125,000 $6,825,000 $5,574,050
Total Market Value $15,424,115 $14,678,166 $12,629,464 $10,428,025 $8,391,648
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $5,806,789 $5,654,128 $5,494,779 $5,334,737 $5,179,356
Exemption Amount $51,411 $50,722 $50,000 $50,000 $50,000
Taxable Value $5,755,378 $5,603,406 $5,444,779 $5,284,737 $5,129,356
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $85,478 $83,480 $81,124 $79,499 $79,643
NON AD VALOREM $966 $954 $943 $868 $864
TOTAL TAX $86,444 $84,433 $82,067 $80,367 $80,507
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov