Property Detail
Location Address :
550 S OCEAN BLVD 1406
Municipality :
BOCA RATON
Parcel Control Number :
06-43-47-28-08-001-1406
Subdivision :
CHALFONTE COND
Official Records Book/Page :
32274
/
955
Sale Date :
02/23/2021
Legal Description :
CHALFONTE COND APTS 1406 & 1408 BLDG SOUTH
Owner Information
Owner(s)
Mailing Address
PATEL JITENDRA &
PATEL MIKSHA
550 S OCEAN BLVD APT 1406
BOCA RATON FL 33432 6247
Sales Information
Sales Date
Price
OR Book/Page
Sale Type
Owner
02/23/2021
$2,300,000
32274 / 00955
WARRANTY DEED
PATEL JITENDRA &
05/09/2019
$850,000
30617 / 00477
DEED OF TRUST
550 S OCEAN 1408 LLC
07/18/2011
$10
24797 / 01126
DEED OF TRUST
MONTAGUE GERTRUDE TRUST &
12/01/1995
$100
09039 / 01026
WARRANTY DEED
MONTAGUE GERTRUDE TRUST
10/01/1984
$200,000
04387 / 01293
WARRANTY DEED
01/01/1975
$73,500
02482 / 01762
WARRANTY DEED
Exemption Information
Applicant/Owner(s)
Year
Detail
PATEL JITENDRA &
2026
HOMESTEAD
PATEL JITENDRA &
2026
ADDITIONAL HOMESTEAD
PATEL MIKSHA
2026
HOMESTEAD
PATEL MIKSHA
2026
ADDITIONAL HOMESTEAD
Appraisals
Tax Year
2026
2025
2024
2023
2022
Improvement Value
$2,590,000
$2,590,000
$2,587,000
$2,243,640
$2,136,750
Land Value
$0
$0
$0
$0
$0
Total Market Value
$2,590,000
$2,590,000
$2,587,000
$2,243,640
$2,136,750
Assessed and Taxable Values
Tax Year
2026
2025
2024
2023
2022
Assessed Value
$2,395,599
$2,332,618
$2,266,879
$2,200,853
$2,136,750
Exemption Amount
$51,411
$50,722
$50,000
$50,000
$50,000
Taxable Value
$2,344,188
$2,281,896
$2,216,879
$2,150,853
$2,086,750
Taxes
Tax Year
2026
2025
2024
2023
2022
AD VALOREM
$39,804
$38,961
$37,873
$37,070
$36,807
NON AD VALOREM
$346
$269
$262
$258
$255
TOTAL TAX
$40,150
$39,230
$38,135
$37,328
$37,062
Dorothy Jacks, CFA, AAS PALM BEACH COUNTY PROPERTY APPRAISER www.pbcpao.gov