Property Detail
Location Address : 1197 N LAKE WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-03-09-000-0020
Subdivision : MOCKINGBIRD TRAIL TRACT
Official Records Book/Page : 30971 / 1814
Sale Date : 10/17/2019
Legal Description : MOCKING BIRD TRAIL TRACT LTS 2 & 6 & LTS 3 & 7 (LESS S 115 FT)
Owner Information
Owner(s) Mailing Address
1197 N LAKE WAY LAND TRUST
HANLON M TIMOTHY TR
ALLEY MAASS ROGERS & LINDSAY PA C/O 340 ROYAL POINCIANA WAY STE 321
PALM BEACH FL 33480 4054
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
10/17/2019 $10 30971 / 01814 QUIT CLAIM 1197 N LAKE WAY LAND TRUST
10/17/2019 $17,100,000 30971 / 01811 WARRANTY DEED 1197 N LAKE WAY LAND TRUST
09/01/1997 $3,500,000 09964 / 00706 WARRANTY DEED MERCK GEORGE F &
01/01/1976 $340,000 02548 / 00606
01/01/1974 $285,000 02220 / 01222 WARRANTY DEED
01/01/1969 $250,000 01769 / 01364 WARRANTY DEED
Exemption Information
No Exemption Information Available.
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $4,191,013 $3,106,851 $2,746,897 $5,015,169 $4,742,284
Land Value $35,979,000 $36,771,900 $33,707,600 $23,915,785 $21,089,650
Total Market Value $40,170,013 $39,878,751 $36,454,497 $28,930,954 $25,831,934
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $28,139,153 $25,581,048 $23,255,498 $21,141,362 $19,219,420
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $28,139,153 $25,581,048 $23,255,498 $21,141,362 $19,219,420
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $492,745 $470,740 $429,157 $367,684 $340,914
NON AD VALOREM $2,464 $2,451 $2,440 $2,229 $2,225
TOTAL TAX $495,209 $473,192 $431,597 $369,913 $343,139
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov