242 COLONIAL LN, PALM BEACH, FL 33480
Parcel: 50434303110000471 · Single Family · Zoning: 001
Assessed Value (2026)
$1,504,489
Property Details
Year Built
1945
Lot Sqft
6,225
Sales History
1
$2,152,585
2016-06-29
Tax Assessment History
$1,504,489
Assessed (2026)
$3,827,299
Market Value
$1,453,767
Taxable Value
$29,598
Annual Tax
2025
$1,504,489
$3,827,299
2026
$1,504,489
$3,827,299
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $1,504,489 | $3,827,299 | $1,453,767 | $29,598 | $3,414,525 | $412,774 |
| 2025 | $1,504,489 | $3,827,299 | $1,479,489 | $30,121 | $3,414,525 | $412,774 |
About 242 COLONIAL LN, PALM BEACH, FL 33480
242 COLONIAL LN, PALM BEACH, FL 33480 is a property built in 1945 on a 6,225 square foot lot. The property is currently owned by LIEB JOSEPH, 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 2016-06-29 for $2,152,585. The 2026 assessed value is $1,504,489 with a market value of $3,827,299. This breaks down to $3,414,525 for the land and $412,774 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.
242 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 70% of the most recent sale price..
Current Owner
LIEB JOSEPH
242 COLONIAL LN, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$16,648 — $30,588
Flood $400 — $800
Property/Wind $16,248 — $29,788
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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