586 PINE LAKE DR, DELRAY BEACH, FL 33445

Parcel: 12424624140000380 · Single Family · Zoning: 001

Assessed Value (2026)
$1,725,404

Property Details

Year Built
1980
Lot Sqft
15,035

Sales History

1
$1,200,000
2021-09-02
2
$2,650,000+121%
2023-05-26
3
$2,650,000
2023-06-06

Tax Assessment History

$1,725,404
Assessed (2026)
$1,959,931
Market Value
$1,674,682
Taxable Value
$34,095
Annual Tax
2025
$1,725,404
$1,959,931
2026
$1,725,404
$1,959,931
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $1,725,404 $1,959,931 $1,674,682 $34,095
2025 $1,725,404 $1,959,931 $1,700,404 $34,619

About 586 PINE LAKE DR, DELRAY BEACH, FL 33445

586 PINE LAKE DR, DELRAY BEACH, FL 33445 is a property built in 1980 on a 15,035 square foot lot. The property is currently owned by BORMAN MICHAEL & BORMAN ANGELA, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2023-06-06 for $2,650,000. There are 3 recorded sales for this property. The 2026 assessed value is $1,725,404 with a market value of $1,959,931.

This breaks down to $726,556 for the land and $1,233,375 for the building. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.

Flood insurance is typically not required for properties in Zone X. The median household income in this area is $73,750, and the median home value is $427,700. The population density is 2,320 people per square mile.

There are active mortgage liens totaling $1,581,992 recorded against this property. 586 PINE LAKE DR, DELRAY BEACH, FL 33445 is located in DELRAY BEACH, Florida. Property records, tax assessments, sales history, and ownership information for this DELRAY BEACH property are sourced from palm_beach County public records.

The complete ownership history of this property spans from 2021 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 65% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..

Current Owner

BORMAN MICHAEL & BORMAN ANGELA
586 PINE LAKE DR, DELRAY BEACH, FL, 33445
Since: 2026-04-03
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$15,928 — $28,751
Flood $400 — $800
Property/Wind $15,528 — $27,951

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$73,750
Median Home Value$427,700
Pop. Density2,320/sq mi

Neighborhood 33445

70.6%
Owner-Occ
29.4%
Investor
12,564
Flips (4yr)
3,584
New Biz (3yr)
Distress Risk
MODERATE
30
View full risk analysis →

Mortgages

ACTIVE 5.5% rate
$1,650,000
~$1,581,992 bal.
GOLDMAN SACHS BANK USA · 2023-08-28
1 satisfied mortgage
SATISFIED 2021-09-02
$900,000
ANGEL OAK MORTGAGE SOLUTIONS LLC
Est. Total Balance $1,581,992
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales