172 S OCEAN BLVD, PALM BEACH, FL 33480
Parcel: 50434322050000050 · Single Family · Zoning: 001
Assessed Value (2026)
$40,828,490
Property Details
Year Built
1928
Lot Sqft
40,093
Sales History
1
$45,600,000
2021-03-15
Tax Assessment History
$40,828,490
Assessed (2026)
$44,008,790
Market Value
$40,828,490
Taxable Value
$831,235
Annual Tax
2025
$44,008,793
2026
$40,828,490
$44,008,790
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $40,828,490 | $44,008,790 | $40,828,490 | $831,235 | $36,229,680 | $7,779,113 |
| 2025 | $44,008,793 | $44,008,793 | $44,008,793 | $895,984 | $36,229,680 | $7,779,113 |
About 172 S OCEAN BLVD, PALM BEACH, FL 33480
172 S OCEAN BLVD, PALM BEACH, FL 33480 is a property built in 1928 on a 40,093 square foot lot. The property is currently owned by BAYHIGH LLC M TIMOTHY HANLON C/O, 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 2021-03-15 for $45,600,000. The 2026 assessed value is $40,828,490 with a market value of $44,008,790. This breaks down to $36,229,680 for the land and $7,779,113 for the building.
The assessed value decreased 7% from $44,008,793 in 2025. The median household income in this area is $232,794, and the median home value is $2,000,001. The population density is 2,622 people per square mile.
There are active mortgage liens totaling $27,403,578 recorded against this property. 172 S 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 90% of the most recent sale price..
Current Owner
BAYHIGH LLC M TIMOTHY HANLON C/O
340 ROYAL POINCIANA WAY STE 321, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$441,347 — $809,204
Flood $400 — $800
Property/Wind $440,947 — $808,404
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$232,794
Median Home Value$2,000,001
Pop. Density2,622/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
$29,100,000
FIRST REPUBLIC BANK · 2021-07-08
Est. Total Balance $27,403,578
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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