616 ISLAND DR, PALM BEACH, FL 33480
Parcel: 50434327010000522 · Single Family · Zoning: 001
Assessed Value (2026)
$11,222,160
Property Details
Year Built
1954
Lot Sqft
19,861
Sales History
1
$6,750,000
2006-05-19
Tax Assessment History
$11,222,160
Assessed (2026)
$17,670,880
Market Value
$11,222,160
Taxable Value
$228,474
Annual Tax
2025
$17,670,885
2026
$11,222,160
$17,670,880
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $11,222,160 | $17,670,880 | $11,222,160 | $228,474 | $16,986,100 | $684,785 |
| 2025 | $17,670,885 | $17,670,885 | $17,670,885 | $359,765 | $16,986,100 | $684,785 |
About 616 ISLAND DR, PALM BEACH, FL 33480
616 ISLAND DR, PALM BEACH, FL 33480 is a property built in 1954 on a 19,861 square foot lot. The property is currently owned by DROSDICK JOHN G &, 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 2006-05-19 for $6,750,000. The 2026 assessed value is $11,222,160 with a market value of $17,670,880. This breaks down to $16,986,100 for the land and $684,785 for the building.
The assessed value decreased 36% from $17,670,885 in 2025. 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.
616 ISLAND DR, 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 166% 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
DROSDICK JOHN G &
912 ROCK CREEK RD, BRYN MAWR, Pennsylvania, 19010
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$121,599 — $222,998
Flood $400 — $800
Property/Wind $121,199 — $222,198
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
Zoom in to see property sales