1186 N OCEAN WAY, PALM BEACH, FL 33480
Parcel: 50434303090000440 · Vacant Residential · Zoning: 000
Assessed Value (2026)
$9,617,950
Sales History
1
$14,000,000
2023-07-26
2
$14,000,000
2023-08-04
Tax Assessment History
$9,617,950
Assessed (2026)
$9,617,950
Market Value
$9,617,950
Taxable Value
$195,814
Annual Tax
2025
$9,617,950
2026
$9,617,950
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $9,617,950 | $9,617,950 | $9,617,950 | $195,814 | $9,617,950 | $0 |
| 2025 | $9,617,950 | $9,617,950 | $9,617,950 | $195,814 | $9,617,950 | $0 |
About 1186 N OCEAN WAY, PALM BEACH, FL 33480
1186 N OCEAN WAY, PALM BEACH, FL 33480 is a property. The property is currently owned by JOHNSON MARTHA LEE TRUST, 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 2023-08-04 for $14,000,000. The 2026 assessed value is $9,617,950 with a market value of $9,617,950. 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. 1186 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 2023 to 2023, with 2 recorded transactions in the public record. The current assessed value represents 69% 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
JOHNSON MARTHA LEE TRUST
244 NIGHTINGALE TRL, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$86,961 — $156,610
Flood $400 — $800
Property/Wind $86,561 — $155,810
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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