947 N OCEAN BLVD, PALM BEACH, FL 33480
Parcel: 50434310000010022 · Single Family · Zoning: 001
Assessed Value (2026)
$64,996,590
Property Details
Year Built
2015
Lot Sqft
79,445
Sales History
1
$19,320,000
2010-04-06
Tax Assessment History
$64,996,590
Assessed (2026)
$97,390,340
Market Value
$64,996,590
Taxable Value
$1,323,279
Annual Tax
2025
$97,390,345
2026
$64,996,590
$97,390,340
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $64,996,590 | $97,390,340 | $64,996,590 | $1,323,279 | $59,356,350 | $38,034,000 |
| 2025 | $97,390,345 | $97,390,345 | $97,390,345 | $1,982,790 | $59,356,350 | $38,033,995 |
About 947 N OCEAN BLVD, PALM BEACH, FL 33480
947 N OCEAN BLVD, PALM BEACH, FL 33480 is a property built in 2015 on a 79,445 square foot lot. The property is currently owned by OCEANFRONT PROPERTY LLC ANNETTE M MADISON C/O (PRESIDENT), 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 2010-04-06 for $19,320,000. The 2026 assessed value is $64,996,590 with a market value of $97,390,340. This breaks down to $59,356,350 for the land and $38,034,000 for the building.
The assessed value decreased 33% from $97,390,345 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 $43,847,215 recorded against this property. 947 N OCEAN BLVD, 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 336% 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
OCEANFRONT PROPERTY LLC ANNETTE M MADISON C/O (PRESIDENT)
510 FEHELEY DR, KING OF PRUSSIA, PA, 19406
Since: 2026-04-03
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Est. Annual Insurance
$351,381 — $585,769
Flood $400 — $800
Property/Wind $350,981 — $584,969
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
Mortgages
ACTIVE 2.375% rate
$50,000,000
CITIBANK NA · 2021-05-14
1 satisfied mortgage
SATISFIED 2021-05-14
$9,800,000
CITIBANK NA
Est. Total Balance $43,847,215
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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