861 WATER TOWER WAY, LANTANA, FL 10017
Parcel: 40434433500010030 · Multifamily 10 Units Or More · Zoning: 003
Assessed Value (2026)
$90,000,000
Property Details
Year Built
2021
Lot Sqft
784,216
Sales History
1
$138,000,000
2023-06-07
2
$138,000,000
2023-06-20
Tax Assessment History
$90,000,000
Assessed (2026)
$90,000,000
Market Value
$90,000,000
Taxable Value
$1,832,328
Annual Tax
2025
$90,000,000
2026
$90,000,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $90,000,000 | $90,000,000 | $90,000,000 | $1,832,328 | $0 | $0 |
| 2025 | $90,000,000 | $90,000,000 | $90,000,000 | $1,832,328 | $ | $ |
About 861 WATER TOWER WAY, LANTANA, FL 10017
861 WATER TOWER WAY, LANTANA, FL 10017 is a property built in 2021 on a 784,216 square foot lot. The property is currently owned by WATER TOWER WAY OWNER 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 most recent sale was on 2023-06-20 for $138,000,000. The 2026 assessed value is $90,000,000 with a market value of $90,000,000. 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 $70,472, and the median home value is $255,800. The population density is 5,649 people per square mile.
There are active mortgage liens totaling $63,600,000 recorded against this property. 861 WATER TOWER WAY, LANTANA, FL 10017 is located in LANTANA, Florida. Property records, tax assessments, sales history, and ownership information for this LANTANA property are sourced from palm_beach County public records.
The complete ownership history of this property spans from 2023 to 2023, with 2 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
WATER TOWER WAY OWNER LLC
733 3RD AVE FL 24, NEW YORK, NY, 10017
Since: 2026-04-03
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$486,400 — $810,800
Flood $400 — $800
Property/Wind $486,000 — $810,000
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$70,472
Median Home Value$255,800
Pop. Density5,649/sq mi
Neighborhood 10017
100%
Owner-Occ
0%
Investor
3
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
26
Mortgages
ACTIVE
$63,600,000
CIBC BANK USA · 2020-10-19
Est. Total Balance $63,600,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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