655 ISLAND DR, PALM BEACH, FL 33480
Parcel: 50434327010000591 · Single Family · Zoning: 001
Assessed Value (2026)
$18,142,360
Property Details
Year Built
1989
Lot Sqft
17,602
Sales History
1
$12,687,500
2019-03-22
Tax Assessment History
$18,142,360
Assessed (2026)
$23,613,020
Market Value
$18,142,360
Taxable Value
$369,364
Annual Tax
2025
$23,613,025
2026
$18,142,360
$23,613,020
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $18,142,360 | $23,613,020 | $18,142,360 | $369,364 | $19,280,600 | $4,332,425 |
| 2025 | $23,613,025 | $23,613,025 | $23,613,025 | $480,742 | $19,280,600 | $4,332,425 |
About 655 ISLAND DR, PALM BEACH, FL 33480
655 ISLAND DR, PALM BEACH, FL 33480 is a property built in 1989 on a 17,602 square foot lot. The property is currently owned by ILLKM PB 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 2019-03-22 for $12,687,500. The 2026 assessed value is $18,142,360 with a market value of $23,613,020. This breaks down to $19,280,600 for the land and $4,332,425 for the building.
The assessed value decreased 23% from $23,613,025 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.
655 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 143% 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
ILLKM PB LLC
10 MELVILLE PARK RD, MELVILLE, NY, 11747
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$163,681 — $294,706
Flood $400 — $800
Property/Wind $163,281 — $293,906
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
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