220 WELLS RD, PALM BEACH, FL 33480

Parcel: 50434314070000260 · Single Family · Zoning: 001

Assessed Value (2026)
$5,423,313

Property Details

Year Built
1989
Lot Sqft
19,500

Sales History

1
$16,175,000
2025-03-01
2
$16,175,000
2025-03-28
3
$16,175,000
2025-04-01

Tax Assessment History

$5,423,313
Assessed (2026)
$11,083,640
Market Value
$5,372,591
Taxable Value
$109,382
Annual Tax
2025
$5,423,313
$11,083,644
2026
$5,423,313
$11,083,640
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $5,423,313 $11,083,640 $5,372,591 $109,382
2025 $5,423,313 $11,083,644 $5,398,313 $109,905

About 220 WELLS RD, PALM BEACH, FL 33480

220 WELLS RD, PALM BEACH, FL 33480 is a property built in 1989 on a 19,500 square foot lot. The property is currently owned by 220 WELLS TRUST, 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 2025-04-01 for $16,175,000. There are 3 recorded sales for this property. The 2026 assessed value is $5,423,313 with a market value of $11,083,640.

This breaks down to $9,997,500 for the land and $1,086,144 for the building. 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 $2,361,416 recorded against this property. 220 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 complete ownership history of this property spans from 2025 to 2025, with 3 recorded transactions in the public record. The current assessed value represents 34% 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..

Current Owner

220 WELLS TRUST
440 ROYAL PALM WAY # 101, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance

$49,209 — $88,657
Flood $400 — $800
Property/Wind $48,809 — $87,857

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
View full risk analysis →

Mortgages

ACTIVE
$2,500,000
~$2,361,416 bal.
FIRST REPUBLIC BANK · 2023-02-13
Est. Total Balance $2,361,416
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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