255 COLONIAL LN, PALM BEACH, FL 33480

255 COLONIAL LN, PALM BEACH, FL 33480 is a property built in 1945 on a 7,440 square foot lot. The property is currently owned by MENDELL JOHN R JR & RAPHAEL MARA, 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 2022-06-23 for $6,500,000. The 2026 assessed value is $3,972,564 with a market value of $4,285,137. This breaks down to $4,028,100 for the land and $257,037 for the building.

The assessed value decreased 7% from $4,285,137 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.

There are active mortgage liens totaling $3,815,872 recorded against this property. 255 COLONIAL LN, 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 61% 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..