Property Detail

Location Address :	325 E KEY PALM RD
Municipality :	BOCA RATON
Parcel Control Number :	06-43-47-29-10-003-0200
Subdivision :	ROYAL PALM YACHT & COUNTRY CLUB SUB
Official Records Book/Page :	24927 / 1021
Sale Date :	12/23/2011
Legal Description :	ROYAL PALM YACHT & CNTRY CLUB LT 20 BLK 3

Owner Information

Owner(s)	Mailing Address
WALLACE DAVID & WALLACE PATRICIA	325 E KEY PALM RD BOCA RATON FL 33432 7925

Sales Information

Sales Date	Price	OR Book/Page	Sale Type	Owner
12/23/2011	$2,500,000	24927 / 01021	WARRANTY DEED	WALLACE DAVID &
07/09/2003	$3,636,199	15624 / 00886	WARRANTY DEED	KENELLY JOHN S &
04/17/2002	$10	13715 / 01644	WARRANTY DEED	SCHMIDT RICHARD
04/16/2002	$3,500,000	13635 / 00365	WARRANTY DEED	SCHMIDT RICHARD
12/01/1993	$1,659,400	08109 / 00704	WARRANTY DEED
07/01/1992	$5,957,000	07330 / 00176	CERT OF TITLE
01/01/1978	$125,000	02883 / 01706
01/01/1970	$94,000	01856 / 00733	WARRANTY DEED

Exemption Information

Applicant/Owner(s)	Year	Detail
WALLACE DAVID &	2026	HOMESTEAD
WALLACE DAVID &	2026	ADDITIONAL HOMESTEAD
WALLACE PATRICIA	2026	HOMESTEAD
WALLACE PATRICIA	2026	ADDITIONAL HOMESTEAD

Appraisals

Tax Year	2026	2025	2024	2023	2022
Improvement Value	$4,933,877	$5,241,207	$5,943,726	$5,812,838	$5,261,538
Land Value	$7,907,800	$7,263,907	$7,263,907	$7,337,280	$5,558,500
Total Market Value	$12,841,677	$12,505,114	$13,207,633	$13,150,118	$10,820,038

Assessed and Taxable Values

Tax Year	2026	2025	2024	2023	2022
Assessed Value	$8,044,123	$7,832,642	$7,611,897	$7,390,191	$7,174,943
Exemption Amount	$51,411	$50,722	$50,000	$50,000	$50,000
Taxable Value	$7,992,712	$7,781,920	$7,561,897	$7,340,191	$7,124,943

Taxes

Tax Year	2026	2025	2024	2023	2022
AD VALOREM	$135,315	$132,478	$128,807	$126,118	$125,279
NON AD VALOREM	$441	$360	$349	$343	$339
TOTAL TAX	$135,756	$132,838	$129,156	$126,461	$125,618

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