206 PHIPPS PLZ, PALM BEACH, FL 33480
Parcel: 50434322100000012 · Mixed Use · Zoning: 012
Assessed Value (2026)
$6,465,850
Property Details
Year Built
1926
Lot Sqft
11,772
Sales History
1
$4,220,000
2018-10-31
Tax Assessment History
$6,465,850
Assessed (2026)
$11,659,350
Market Value
$6,465,850
Taxable Value
$131,640
Annual Tax
2025
$11,659,354
2026
$6,465,850
$11,659,350
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $6,465,850 | $11,659,350 | $6,465,850 | $131,640 | $9,888,480 | $1,770,874 |
| 2025 | $11,659,354 | $11,659,354 | $11,659,354 | $237,375 | $9,888,480 | $1,770,874 |
About 206 PHIPPS PLZ, PALM BEACH, FL 33480
206 PHIPPS PLZ, PALM BEACH, FL 33480 is a property built in 1926 on a 11,772 square foot lot. The property is currently owned by 206 PHIPPS PLAZA LLC, 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 2018-10-31 for $4,220,000. The 2026 assessed value is $6,465,850 with a market value of $11,659,350. This breaks down to $9,888,480 for the land and $1,770,874 for the building.
The assessed value decreased 45% from $11,659,354 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.
206 PHIPPS PLZ, 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 153% 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
206 PHIPPS PLAZA LLC
222 LAKEVIEW AVE PH 5, WEST PALM BEACH, FL, 33401
Since: 2026-04-03
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Est. Annual Insurance
$70,231 — $128,823
Flood $400 — $800
Property/Wind $69,831 — $128,023
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
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