880 S OCEAN BLVD, PALM BEACH, FL 33480
Parcel: 50434335020000220 · Single Family · Zoning: 001
Assessed Value (2026)
$26,642,060
Property Details
Year Built
1951
Lot Sqft
46,501
Sales History
1
$8,750,000
2017-10-20
Tax Assessment History
$26,642,060
Assessed (2026)
$41,192,900
Market Value
$26,642,060
Taxable Value
$542,411
Annual Tax
2025
$41,192,894
2026
$26,642,060
$41,192,900
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $26,642,060 | $41,192,900 | $26,642,060 | $542,411 | $34,647,830 | $6,545,061 |
| 2025 | $41,192,894 | $41,192,894 | $41,192,894 | $838,654 | $34,647,833 | $6,545,061 |
About 880 S OCEAN BLVD, PALM BEACH, FL 33480
880 S OCEAN BLVD, PALM BEACH, FL 33480 is a property built in 1951 on a 46,501 square foot lot. The property is currently owned by CHESTERMAN ALEX, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2017-10-20 for $8,750,000. The 2026 assessed value is $26,642,060 with a market value of $41,192,900. This breaks down to $34,647,830 for the land and $6,545,061 for the building.
The assessed value decreased 35% from $41,192,894 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 $14,763,795 recorded against this property. 880 S OCEAN BLVD, 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 304% 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
CHESTERMAN ALEX
880 S OCEAN BLVD, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$288,134 — $528,312
Flood $400 — $800
Property/Wind $287,734 — $527,512
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 6.225% rate
$14,970,500
TRUIST BANK · 2025-04-29
1 satisfied mortgage
SATISFIED 2024-06-11
$15,000,000
TRUIST BANK
Est. Total Balance $14,763,795
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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