568 ISLAND DR, PALM BEACH, FL 33480
Parcel: 50434327030000420 · Single Family · Zoning: 001
Assessed Value (2026)
$12,579,290
Property Details
Year Built
1956
Lot Sqft
15,490
Sales History
1
$10,000,000
2020-06-24
Tax Assessment History
$12,579,290
Assessed (2026)
$16,893,870
Market Value
$12,579,290
Taxable Value
$256,104
Annual Tax
2025
$16,893,873
2026
$12,579,290
$16,893,870
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $12,579,290 | $16,893,870 | $12,579,290 | $256,104 | $16,549,000 | $344,873 |
| 2025 | $16,893,873 | $16,893,873 | $16,893,873 | $343,946 | $16,549,000 | $344,873 |
About 568 ISLAND DR, PALM BEACH, FL 33480
568 ISLAND DR, PALM BEACH, FL 33480 is a property built in 1956 on a 15,490 square foot lot. The property is currently owned by 568 ISLAND DRIVE 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 2020-06-24 for $10,000,000. The 2026 assessed value is $12,579,290 with a market value of $16,893,870. This breaks down to $16,549,000 for the land and $344,873 for the building.
The assessed value decreased 26% from $16,893,873 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 $9,311,100 recorded against this property. 568 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 126% 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
568 ISLAND DRIVE LLC
655 PARK AVE PH 10, NEW YORK, NY, 10065
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$136,256 — $249,869
Flood $400 — $800
Property/Wind $135,856 — $249,069
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
$11,760,000
BANK OF AMERICA NA · 2021-11-09
1 satisfied mortgage
SATISFIED 2020-07-10
$7,000,000
FIRST REPUBLIC BANK
Est. Total Balance $9,311,100
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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