Property Detail

Location Address :	1616 S OCEAN BLVD
Municipality :	PALM BEACH
Parcel Control Number :	50-43-44-11-00-001-0010
Subdivision :
Official Records Book/Page :	29854 / 680
Sale Date :	05/14/2018
Legal Description :	11-44-43, S 150 FT N 200 FT OF GOV LOT 1 (LESS SR A1A R/W)

Owner Information

Owner(s)	Mailing Address
LAND TRUST SERVICE CORPORATION TRUSTEE	PO BOX 547945 ORLANDO FL 32854 7945

Sales Information

Sales Date	Price	OR Book/Page	Sale Type	Owner
05/14/2018	$22,430,000	29854 / 00680	WARRANTY DEED	LAND TRUST SERVICE CORPORATION TRUSTEE
05/01/1996	$5,750,000	09244 / 01087	WARRANTY DEED
07/01/1985	$3,350,000	04595 / 01927	WARRANTY DEED
01/01/1972	$135,000	01988 / 01710

Exemption Information

No Exemption Information Available.

Property Information

Total Number of Units Per Parcel :	1
*Total Square Feet :	32018
Acres :	1.88
Property Use Code :	0100—SINGLE FAMILY
Zoning :	R-A—ESTATE 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 2023 Air Condition Desc. HTG & AC Heat Type FORCED AIR DUCT Heat Fuel ELECTRIC Bed Rooms 7 Full Baths 8 Half Baths 3 Exterior Wall 2 NONE Roof Structure WOOD TRUSS Roof Cover CONCRETE TILE Interior Wall 1 DRYWALL Interior Wall 2 N/A Floor Type 1 STONE Floor Type 2 HARDWOOD Stories 2 Subarea and Square Footage for Building 1 Code Description square Footage BLC Balcony 27 BLC Balcony 21 BLC Balcony 28 FBM Finished Basement 2287 FBM Finished Basement 840 FGR Finished Garage 840 FGR Finished Garage 4352 BLC Balcony 24 BAS Base Area 8674 UST Unfinished Storage 212 UST Unfinished Storage 414 UST Unfinished Storage 818 UST Unfinished Storage 160 FUS Finished Upper Story 9669 NVA No Value Area 841 FST Finished Storage 224 FST Finished Storage 278 FOP Finished Open Porch 164 FOP Finished Open Porch 768 FOP Finished Open Porch 48 FOP Finished Open Porch 140 FOP Finished Open Porch 128 FOP Finished Open Porch 276 FOP Finished Open Porch 224 FOP Finished Open Porch 561 Total Square Footage 32018 Area Under Air 18343

Sketch for Building 1

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Property Extra Feature
Description	Year Built	Units
Wall	1973	7042
Wall	1973	1750
Boat Dock	2023	1122
Pool - In-Ground	2023	1
Fountain	2023	1
Fountain	2023	1
Bbq	2023	1
Boat Lift	2023	1

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Property Land Details
Land Line #	Description	Zoning	Acres
1	OCEAN VIEW	R-A	1.5470
2	OCEAN ACCESS	R-A	0.3360

Appraisals

Tax Year	2026	2025	2024	2023	2022
Improvement Value	$45,458,653	$38,055,178	$39,453,582	$40,813	$41,978
Land Value	$41,262,183	$40,255,800	$36,901,110	$33,546,500	$28,656,400
Total Market Value	$86,720,836	$78,310,978	$76,354,692	$33,587,313	$28,698,378

Assessed and Taxable Values

Tax Year	2026	2025	2024	2023	2022
Assessed Value	$78,585,299	$71,441,181	$64,946,528	$23,208,349	$21,098,499
Exemption Amount	$0	$0	$0	$0	$0
Taxable Value	$78,585,299	$71,441,181	$64,946,528	$23,208,349	$21,098,499

Taxes

Tax Year	2026	2025	2024	2023	2022
AD VALOREM	$1,216,018	$1,105,683	$1,037,812	$415,435	$376,467
NON AD VALOREM	$6,402	$7,201	$6,315	$5,264	$5,181
TOTAL TAX	$1,222,420	$1,112,884	$1,044,127	$420,699	$381,648

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