450 ROYAL PALM WAY, PALM BEACH, FL 33480
Parcel: 50434323050230541 · 018 · Zoning: 018
Assessed Value (2026)
$19,257,940
Property Details
Year Built
1962
Lot Sqft
19,400
Sales History
1
$17,000,000
2021-02-19
Tax Assessment History
$19,257,940
Assessed (2026)
$19,257,940
Market Value
$19,257,940
Taxable Value
$392,076
Annual Tax
2025
$19,257,942
2026
$19,257,940
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $19,257,940 | $19,257,940 | $19,257,940 | $392,076 | $8,730,000 | $10,527,940 |
| 2025 | $19,257,942 | $19,257,942 | $19,257,942 | $392,076 | $8,730,000 | $10,527,942 |
About 450 ROYAL PALM WAY, PALM BEACH, FL 33480
450 ROYAL PALM WAY, PALM BEACH, FL 33480 is a property built in 1962 on a 19,400 square foot lot. The property is currently owned by 450 RPW 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 2021-02-19 for $17,000,000. The 2026 assessed value is $19,257,940 with a market value of $19,257,940. This breaks down to $8,730,000 for the land and $10,527,940 for the building.
The assessed value decreased 0% from $19,257,942 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 $29,750,000 recorded against this property. 450 ROYAL PALM WAY, 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 113% of the most recent sale price..
Current Owner
450 RPW LLC
777 S FLAGLER DR STE 500E, WEST PALM BEACH, FL, 33401
Since: 2026-04-03
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Est. Annual Insurance
$208,385 — $382,107
Flood $400 — $800
Property/Wind $207,985 — $381,307
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
$29,750,000
TRUIST BANK · 2025-06-05
1 satisfied mortgage
SATISFIED 2021-02-24
$8,000,000
UNITED BANK
Est. Total Balance $29,750,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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