240 BANYAN RD, PALM BEACH, FL 33480
Parcel: 50434326000020530 · Single Family · Zoning: 001
Assessed Value (2026)
$19,102,970
Property Details
Year Built
1991
Lot Sqft
32,568
Sales History
1
$20,760,000
2015-09-11
Tax Assessment History
$19,102,970
Assessed (2026)
$43,025,080
Market Value
$19,047,250
Taxable Value
$387,787
Annual Tax
2025
$19,102,972
$43,025,081
2026
$19,102,970
$43,025,080
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $19,102,970 | $43,025,080 | $19,047,250 | $387,787 | $36,249,920 | $6,775,161 |
| 2025 | $19,102,972 | $43,025,081 | $19,072,972 | $388,310 | $36,249,920 | $6,775,161 |
About 240 BANYAN RD, PALM BEACH, FL 33480
240 BANYAN RD, PALM BEACH, FL 33480 is a property built in 1991 on a 32,568 square foot lot. The property is currently owned by 240 BANYAN LAND TRUST HANLON M TIMOTHY TR, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2015-09-11 for $20,760,000. The 2026 assessed value is $19,102,970 with a market value of $43,025,080. This breaks down to $36,249,920 for the land and $6,775,161 for the building.
The assessed value decreased 0% from $19,102,972 in 2025. The property has the following tax exemptions: homestead. The median household income in this area is $164,545, and the median home value is $1,026,700.
The population density is 2,041 people per square mile. There are active mortgage liens totaling $9,026,678 recorded against this property. 240 BANYAN 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 current assessed value represents 92% of the most recent sale price..
Current Owner
240 BANYAN LAND TRUST HANLON M TIMOTHY TR
240 BANYAN RD, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$172,326 — $310,268
Flood $400 — $800
Property/Wind $171,926 — $309,468
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$164,545
Median Home Value$1,026,700
Pop. Density2,041/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
$11,500,000
BANK OF AMERICA NA · 2021-08-19
Est. Total Balance $9,026,678
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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