640 ISLAND DR, PALM BEACH, FL 33480

Parcel: 50434327010000601 · Single Family · Zoning: 001

Assessed Value (2026)
$23,063,580

Property Details

Year Built
2010
Lot Sqft
18,652

Sales History

1
$31,250,000
2022-05-22
2
$31,250,000
2022-06-06

Tax Assessment History

$23,063,580
Assessed (2026)
$23,063,580
Market Value
$23,063,580
Taxable Value
$469,556
Annual Tax
2025
$23,063,584
2026
$23,063,580
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $23,063,580 $23,063,580 $23,063,580 $469,556
2025 $23,063,584 $23,063,584 $23,063,584 $469,556

About 640 ISLAND DR, PALM BEACH, FL 33480

640 ISLAND DR, PALM BEACH, FL 33480 is a property built in 2010 on a 18,652 square foot lot. The property is currently owned by 640 FLORIDA LAND TRUST BALLERANO JAMES A JR TR, 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 2022-06-06 for $31,250,000. The 2026 assessed value is $23,063,580 with a market value of $23,063,580. This breaks down to $16,865,200 for the land and $6,198,384 for the building.

The assessed value decreased 0% from $23,063,584 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.

There are active mortgage liens totaling $17,048,404 recorded against this property. 640 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 complete ownership history of this property spans from 2022 to 2022, with 2 recorded transactions in the public record. The current assessed value represents 74% of the most recent sale price..

Current Owner

640 FLORIDA LAND TRUST BALLERANO JAMES A JR TR
4855 TECHNOLOGY WAY STE 530, BOCA RATON, FL, 33431
Since: 2026-04-03
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Est. Annual Insurance

$124,943 — $208,372
Flood $400 — $800
Property/Wind $124,543 — $207,572

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
View full risk analysis →

Mortgages

ACTIVE 2.75% rate
$18,750,000
~$17,048,404 bal.
STIFEL BANK & TRUST · 2022-06-06
Est. Total Balance $17,048,404
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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