Property Detail
Location Address : 622 N FLAGLER DR 502
Municipality : WEST PALM BEACH
Parcel Control Number : 74-43-43-22-34-005-5020
Subdivision : ONE WATERMARK PLACE OF THE PALM BEACHES CONDOMINIUM
Official Records Book/Page : 34874 / 1935
Sale Date : 02/26/2024
Legal Description : ONE WATERMARK PLACE OF THE PALM BEACHES CONDOMINIUM UNIT 502
Owner Information
Owner(s) Mailing Address
KRAUSE ALAN M TRUST
 622 N FLAGLER DR APT 502
WEST PALM BEACH FL 33401 4018
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
02/26/2024 $8,200,000 34874 / 01935 DEED OF TRUST KRAUSE ALAN M TRUST
12/08/2021 $7,790,000 33143 / 00725 WARRANTY DEED KRAUSE KAREN L TRUST
06/24/2021 $4,750,000 32642 / 01827 WARRANTY DEED FEINBERG STACEY WOOLF TRUST
05/22/2003 $1,750,000 15328 / 01276 WARRANTY DEED RENTSCHLER BARBARA
Exemption Information
No Exemption Information Available.
Property Information
Number of Units : 1
*Total Square Feet : 4475
Acres :
Property Use Code : 0400—CONDOMINIUM
Zoning : LD-5—LOFTIN DISTRICT - 5 (74-WEST PALM BEACH)
Building Details

Structural Details

Structural Element for Building 1
Name ONE WATERMARK PLACE OF THE PALM BEACHES CONDO
Area 4475
Year Built 2003
No of Bedroom(s) 4
No of Bath(s) 4
No of Half Bath(s) 1
Exterior Wall 1 MSY: CB STUCCO
Air Condition DESC HTG & AC
Heat Type FORCED AIR DUCT
Roof Structure PRESTRESSED CONCRETE
Roof Cover ROLLED COMPOSITION
Interior Wall 1 DRYWALL
Floor Type 1 CARPETING
Floor Type 2 CERAMIC/QUARRY TILE
Stories 1
Subarea and Square Footage for Building 1
Code Description square Footage
BAS Base Area 4197
BLC Balcony 472
BLC Balcony 330
BLC Balcony 95
Total Square Footage 5094
Area Under Air 4197
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
No Extra Feature Available

Property Land Details

Land Line # Description Zoning Acres
No Land Details Available
Appraisals
Tax Year 2025 2024 2023 2022 2021
Improvement Value $6,540,000 $7,240,000 $7,750,000 $5,671,000 $3,450,000
Land Value $0 $0 $0 $0 $0
Total Market Value $6,540,000 $7,240,000 $7,750,000 $5,671,000 $3,450,000
Assessed and Taxable Values
Tax Year 2025 2024 2023 2022 2021
Assessed Value $6,540,000 $6,861,910 $6,238,100 $5,671,000 $2,178,697
Exemption Amount $0 $0 $0 $0 $50,000
Taxable Value $6,540,000 $6,861,910 $6,238,100 $5,671,000 $2,128,697
Taxes
Tax Year 2025 2024 2023 2022 2021
AD VALOREM $133,722 $142,737 $138,281 $119,542 $46,464
NON AD VALOREM $214 $207 $203 $200 $196
TOTAL TAX $133,936 $142,944 $138,484 $119,742 $46,660
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov