Property Detail

Location Address :	537 ISLAND DR
Municipality :	PALM BEACH
Parcel Control Number :	50-43-43-27-03-000-0310
Subdivision :	EVERGLADES ISLAND PL 3 IN
Official Records Book/Page :	35388 / 332
Sale Date :	09/15/2024
Legal Description :	EVERGLADES ISLAND PL NO 3 LTS 31 & 33

Owner Information

Owner(s)	Mailing Address
RAKOLTA TERRY L RAKOLTA TERRY L & RAKOLTA JOHN JR TR RAKOLTA TERRY L TR TERRY L RAKOLTA ET AL TR TITL HLDRS	537 ISLAND DR PALM BEACH FL 33480 4746

Sales Information

Sales Date	Price	OR Book/Page	Sale Type	Owner
09/15/2024	$10	35388 / 00332	WARRANTY DEED	RAKOLTA TERRY L &
12/28/2017	$1	29556 / 01998	DEED OF TRUST	RAKOLTA TERRY L &
07/01/1995	$1,800,000	08827 / 01563	DEED OF TRUST	RAKOLTA TERRY L
05/01/1992	$100	07286 / 01088	WARRANTY DEED

Exemption Information

Applicant/Owner(s)	Year	Detail
RAKOLTA TERRY L &	2026	ADDITIONAL HOMESTEAD
RAKOLTA TERRY L &	2026	HOMESTEAD

Property Information

Total Number of Units Per Parcel :	1
*Total Square Feet :	10159
Acres :	.54
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 2000 Air Condition Desc. HTG & AC Heat Type FORCED AIR DUCT Heat Fuel ELECTRIC Bed Rooms 5 Full Baths 7 Half Baths 2 Exterior Wall 2 NONE Roof Structure WOOD TRUSS Roof Cover CLAY/BERMUDA TILE Interior Wall 1 DRYWALL Interior Wall 2 N/A Floor Type 1 CERAMIC/QUARRY TILE Floor Type 2 FINE OR SOFT WOOD Stories 2 Subarea and Square Footage for Building 1 Code Description square Footage FGR Finished Garage 770 BAS Base Area 3592 UOP Unfinished Open Porch 33 UOP Unfinished Open Porch 81 UOP Unfinished Open Porch 24 UOP Unfinished Open Porch 30 UOP Unfinished Open Porch 660 FUS Finished Upper Story 3647 NVA No Value Area 63 NVA No Value Area 100 NVA No Value Area 50 FST Finished Storage 208 FOP Finished Open Porch 30 FOP Finished Open Porch 841 FOP Finished Open Porch 30 Total Square Footage 10159 Area Under Air 7239

Sketch for Building 1

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Property Extra Feature
Description	Year Built	Units
Elevator	2000	1
Boat Dock	2000	1104
Pool - In-Ground	2000	1
Fountain	2000	1
Wall	2000	1140

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Property Land Details
Land Line #	Description	Zoning	Acres
1	INTRACOASTAL	R-B	0.5354

Appraisals

Tax Year	2026	2025	2024	2023	2022
Improvement Value	$11,745,126	$11,225,046	$12,306,860	$12,975,876	$9,734,004
Land Value	$26,822,600	$21,662,000	$21,645,380	$20,645,380	$17,795,800
Total Market Value	$38,567,726	$32,887,046	$33,952,240	$33,621,256	$27,529,804

Assessed and Taxable Values

Tax Year	2026	2025	2024	2023	2022
Assessed Value	$11,128,339	$10,835,773	$10,530,392	$10,223,682	$9,925,905
Exemption Amount	$51,411	$50,722	$50,000	$50,000	$50,000
Taxable Value	$11,076,928	$10,785,051	$10,480,392	$10,173,682	$9,875,905

Taxes

Tax Year	2026	2025	2024	2023	2022
AD VALOREM	$164,359	$160,526	$156,005	$152,895	$153,191
NON AD VALOREM	$217	$205	$194	$188	$1,314
TOTAL TAX	$164,576	$160,731	$156,199	$153,083	$154,505

Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov