1198 N OCEAN WAY, PALM BEACH, FL 33480

Parcel: 50434303090000171 · Vacant Residential · Zoning: 000

Assessed Value (2026)
$5,918,319

Property Details

Lot Sqft
19,936

Sales History

1
$11,825,000
2022-06-29
2
$11,825,000
2022-07-05

Tax Assessment History

$5,918,319
Assessed (2026)
$6,788,940
Market Value
$5,867,597
Taxable Value
$119,460
Annual Tax
2025
$5,918,319
$6,788,940
2026
$5,918,319
$6,788,940
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $5,918,319 $6,788,940 $5,867,597 $119,460
2025 $5,918,319 $6,788,940 $5,893,319 $119,983

About 1198 N OCEAN WAY, PALM BEACH, FL 33480

1198 N OCEAN WAY, PALM BEACH, FL 33480 is a property on a 19,936 square foot lot. The property is currently owned by WILLIAMS DOUGLAS L & SIRCHIO GABRIELLE J, 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 2022-07-05 for $11,825,000. The 2026 assessed value is $5,918,319 with a market value of $6,788,940. 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. There are active mortgage liens totaling $4,571,215 recorded against this property.

1198 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 complete ownership history of this property spans from 2022 to 2022, with 2 recorded transactions in the public record.

The current assessed value represents 50% 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

WILLIAMS DOUGLAS L & SIRCHIO GABRIELLE J
1198 N OCEAN WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →

Est. Annual Insurance

$53,664 — $96,676
Flood $400 — $800
Property/Wind $53,264 — $95,876

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
View full risk analysis →

Mortgages

ACTIVE 3.125% rate
$5,000,000
~$4,571,215 bal.
SILICON VALLEY BANK · 2022-07-05
Est. Total Balance $4,571,215
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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