240 ATLANTIC AVE, PALM BEACH, FL 33480

Parcel: 50434315030000210 · Single Family · Zoning: 001

Assessed Value (2026)
$3,884,488

Property Details

Year Built
2016
Lot Sqft
5,000

Sales History

1
$7,615,000
2025-07-01
2
$7,615,000
2025-07-24
3
$7,615,000
2025-07-30

Tax Assessment History

$3,884,488
Assessed (2026)
$7,802,051
Market Value
$3,833,766
Taxable Value
$78,052
Annual Tax
2025
$3,884,488
$7,802,051
2026
$3,884,488
$7,802,051
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $3,884,488 $7,802,051 $3,833,766 $78,052
2025 $3,884,488 $7,802,051 $3,859,488 $78,576

About 240 ATLANTIC AVE, PALM BEACH, FL 33480

240 ATLANTIC AVE, PALM BEACH, FL 33480 is a property built in 2016 on a 5,000 square foot lot. The property is currently owned by EDWARDS FRANK, recorded as of 2026-04-01. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2025-07-30 for $7,615,000. There are 3 recorded sales for this property. The 2026 assessed value is $3,884,488 with a market value of $7,802,051.

This breaks down to $2,781,340 for the land and $5,020,711 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 $5,898,860 recorded against this property. 240 ATLANTIC AVE, 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 51% 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

EDWARDS FRANK
2820 SELWYN AVE STE 550, CHARLOTTE, NC, 28209
Since: 2026-04-01
View owner profile →

Est. Annual Insurance

$21,376 — $35,760
Flood $400 — $800
Property/Wind $20,976 — $34,960

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
$6,092,000
~$5,898,860 bal.
BANK OF AMERICA NA · 2025-11-04
Est. Total Balance $5,898,860
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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