242 WELLS RD, PALM BEACH, FL 33480

242 WELLS RD, PALM BEACH, FL 33480 is a property built in 2006 on a 19,500 square foot lot. The property is currently owned by MAXBERRY LIMITED, 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 2004-06-22 for $3,575,000. The 2026 assessed value is $9,603,103 with a market value of $13,794,410. This breaks down to $9,997,500 for the land and $3,796,906 for the building.

The assessed value decreased 30% from $13,794,406 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.

242 WELLS RD, 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 269% 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..