242 MERRAIN RD, PALM BEACH, FL 33480
Parcel: 50434303060000320 · Single Family · Zoning: 001
Assessed Value (2026)
$2,716,190
Property Details
Year Built
2009
Lot Sqft
12,771
Sales History
1
$1,950,000
2005-03-01
Tax Assessment History
$2,716,190
Assessed (2026)
$7,868,011
Market Value
$2,665,468
Taxable Value
$54,267
Annual Tax
2025
$2,716,190
$7,868,011
2026
$2,716,190
$7,868,011
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $2,716,190 | $7,868,011 | $2,665,468 | $54,267 | $6,720,255 | $1,147,756 |
| 2025 | $2,716,190 | $7,868,011 | $2,691,190 | $54,790 | $6,720,255 | $1,147,756 |
About 242 MERRAIN RD, PALM BEACH, FL 33480
242 MERRAIN RD, PALM BEACH, FL 33480 is a property built in 2009 on a 12,771 square foot lot. The property is currently owned by FRAZIER ANDREW S & FRAZIER NANCY T, 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 2005-03-01 for $1,950,000. The 2026 assessed value is $2,716,190 with a market value of $7,868,011. This breaks down to $6,720,255 for the land and $1,147,756 for the building.
The property has the following tax exemptions: homestead. 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.
242 MERRAIN RD, 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 139% 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
FRAZIER ANDREW S & FRAZIER NANCY T
242 MERRAIN RD, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$15,067 — $25,245
Flood $400 — $800
Property/Wind $14,667 — $24,445
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
Zoom in to see property sales