537 ISLAND DR, PALM BEACH, FL 33480
Parcel: 50434327030000310 · Single Family · Zoning: 001
Assessed Value (2026)
$10,835,770
Property Details
Year Built
2000
Lot Sqft
23,324
Sales History
1
$10non-market transfer
2024-09-01
2
$10non-market transfer
2024-09-15
3
N/A
2024-11-15
Tax Assessment History
$10,835,770
Assessed (2026)
$32,887,050
Market Value
$10,785,050
Taxable Value
$219,575
Annual Tax
2025
$10,835,773
$32,887,046
2026
$10,835,770
$32,887,050
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $10,835,770 | $32,887,050 | $10,785,050 | $219,575 | $21,662,000 | $11,225,050 |
| 2025 | $10,835,773 | $32,887,046 | $10,810,773 | $220,099 | $21,662,000 | $11,225,046 |
About 537 ISLAND DR, PALM BEACH, FL 33480
537 ISLAND DR, PALM BEACH, FL 33480 is a property built in 2000 on a 23,324 square foot lot. The property is currently owned by RAKOLTA TERRY L & RAKOLTA TERRY L, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 3 recorded sales for this property. The 2026 assessed value is $10,835,770 with a market value of $32,887,050. This breaks down to $21,662,000 for the land and $11,225,050 for the building.
The assessed value decreased 0% from $10,835,773 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. 537 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 2024 to 2024, with 3 recorded transactions in the public record..
Current Owner
RAKOLTA TERRY L & RAKOLTA TERRY L
537 ISLAND DR, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$78,417 — $137,330
Flood $400 — $800
Property/Wind $78,017 — $136,530
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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