240 OCEAN TER, PALM BEACH, FL 33480
Parcel: 50434303030000180 · Single Family · Zoning: 001
Assessed Value (2026)
$3,959,326
Property Details
Year Built
1947
Lot Sqft
11,675
Sales History
1
$2,875,000
2017-11-13
Tax Assessment History
$3,959,326
Assessed (2026)
$6,381,961
Market Value
$3,959,326
Taxable Value
$80,609
Annual Tax
2025
$6,381,961
2026
$3,959,326
$6,381,961
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $3,959,326 | $6,381,961 | $3,959,326 | $80,609 | $6,166,775 | $215,186 |
| 2025 | $6,381,961 | $6,381,961 | $6,381,961 | $129,932 | $6,166,775 | $215,186 |
About 240 OCEAN TER, PALM BEACH, FL 33480
240 OCEAN TER, PALM BEACH, FL 33480 is a property built in 1947 on a 11,675 square foot lot. The property is currently owned by AJ PALM BEACH 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 2017-11-13 for $2,875,000. The 2026 assessed value is $3,959,326 with a market value of $6,381,961. This breaks down to $6,166,775 for the land and $215,186 for the building.
The assessed value decreased 38% from $6,381,961 in 2025. The median household income in this area is $250,001, and the median home value is $2,000,001. The population density is 1,713 people per square mile.
240 OCEAN TER, PALM BEACH, FL 33480 is located in PALM BEACH, Florida. Property records, tax assessments, sales history, and ownership information for this PALM BEACH property are sourced from palm_beach County public records. The current assessed value represents 138% of the most recent sale price.
This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal..
Current Owner
AJ PALM BEACH LLC
344 LAKE FORREST LN NE, ATLANTA, GA, 30342
Since: 2026-04-03
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Est. Annual Insurance
$43,160 — $79,194
Flood $400 — $800
Property/Wind $42,760 — $78,394
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$250,001
Median Home Value$2,000,001
Pop. Density1,713/sq mi
Neighborhood 33480
84.6%
Owner-Occ
15.4%
Investor
6,443
Flips (4yr)
2,193
New Biz (3yr)
Distress Risk
MODERATE
31
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