1803 MADRID AVE, LAKE WORTH, FL 07059
Parcel: 38434421040010010 · Light Mfg · Zoning: 041
Assessed Value (2026)
$3,581,838
Property Details
Year Built
1974
Lot Sqft
88,805
Tax Assessment History
$3,581,838
Assessed (2026)
$4,206,451
Market Value
$3,581,838
Taxable Value
$72,923
Annual Tax
2025
$4,206,451
2026
$3,581,838
$4,206,451
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $3,581,838 | $4,206,451 | $3,581,838 | $72,923 | $1,303,569 | $2,902,882 |
| 2025 | $4,206,451 | $4,206,451 | $4,206,451 | $85,640 | $1,303,569 | $2,902,882 |
About 1803 MADRID AVE, LAKE WORTH, FL 07059
1803 MADRID AVE, LAKE WORTH, FL 07059 is a property built in 1974 on a 88,805 square foot lot. The property is currently owned by LAKE WORTH MADRID LLC, recorded as of 2026-04-03. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The 2026 assessed value is $3,581,838 with a market value of $4,206,451. This breaks down to $1,303,569 for the land and $2,902,882 for the building. The assessed value decreased 15% from $4,206,451 in 2025.
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 $46,978, and the median home value is $248,900.
The population density is 7,015 people per square mile. There are active mortgage liens totaling $2,140,000 recorded against this property. 1803 MADRID AVE, LAKE WORTH, FL 07059 is located in LAKE WORTH, Florida.
Property records, tax assessments, sales history, and ownership information for this LAKE WORTH property are sourced from palm_beach County public records..
Current Owner
LAKE WORTH MADRID LLC
67 W MOUNTAIN BLVD STE 201, WARREN, NJ, 07059
Since: 2026-04-03
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$32,636 — $58,825
Flood $400 — $800
Property/Wind $32,236 — $58,025
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$46,978
Median Home Value$248,900
Pop. Density7,015/sq mi
Neighborhood 07059
100%
Owner-Occ
0%
Investor
3
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
26
Mortgages
ACTIVE
$2,140,000
WELLS FARGO BANK NA · 2021-01-13
Est. Total Balance $2,140,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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