279 COLONIAL LN, PALM BEACH, FL 33480
Parcel: 50434303110000340 · Single Family · Zoning: 001
Assessed Value (2026)
$5,076,218
Property Details
Year Built
2006
Lot Sqft
9,300
Sales History
1
$2,595,000
2013-11-01
Tax Assessment History
$5,076,218
Assessed (2026)
$5,996,866
Market Value
$5,076,218
Taxable Value
$103,348
Annual Tax
2025
$5,996,866
2026
$5,076,218
$5,996,866
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $5,076,218 | $5,996,866 | $5,076,218 | $103,348 | $4,967,400 | $1,029,466 |
| 2025 | $5,996,866 | $5,996,866 | $5,996,866 | $122,091 | $4,967,400 | $1,029,466 |
About 279 COLONIAL LN, PALM BEACH, FL 33480
279 COLONIAL LN, PALM BEACH, FL 33480 is a property built in 2006 on a 9,300 square foot lot. The property is currently owned by GILLIS JOHN SCOTT TR, 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 2013-11-01 for $2,595,000. The 2026 assessed value is $5,076,218 with a market value of $5,996,866. This breaks down to $4,967,400 for the land and $1,029,466 for the building.
The assessed value decreased 15% from $5,996,866 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.
279 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 current assessed value represents 196% 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
GILLIS JOHN SCOTT TR
7 CEDARWOOD AVE, TORONTO ONTARIO
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$27,811 — $46,485
Flood $400 — $800
Property/Wind $27,411 — $45,685
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