1240 N OCEAN WAY, PALM BEACH, FL 33480
Parcel: 50434303080000240 · Single Family · Zoning: 001
Assessed Value (2026)
$886,977
Property Details
Year Built
1954
Lot Sqft
12,532
Sales History
1
$425,000
1988-01-01
Tax Assessment History
$886,977
Assessed (2026)
$6,670,338
Market Value
$836,255
Taxable Value
$17,025
Annual Tax
2025
$886,977
$6,670,338
2026
$886,977
$6,670,338
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $886,977 | $6,670,338 | $836,255 | $17,025 | $6,599,560 | $70,778 |
| 2025 | $886,977 | $6,670,338 | $861,977 | $17,549 | $6,599,560 | $70,778 |
About 1240 N OCEAN WAY, PALM BEACH, FL 33480
1240 N OCEAN WAY, PALM BEACH, FL 33480 is a property built in 1954 on a 12,532 square foot lot. The property is currently owned by COLLIER TERRY K & COLLIER MARIA M, 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 1988-01-01 for $425,000. The 2026 assessed value is $886,977 with a market value of $6,670,338. This breaks down to $6,599,560 for the land and $70,778 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.
1240 N OCEAN WAY, 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 209% 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
COLLIER TERRY K & COLLIER MARIA M
1240 N OCEAN WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$9,979 — $18,362
Flood $400 — $800
Property/Wind $9,579 — $17,562
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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