2870 S OCEAN BLVD, PALM BEACH, FL 33480
Parcel: 50434423000020280 · Hotel/Motel · Zoning: 039
Assessed Value (2026)
$10,385,600
Property Details
Year Built
1971
Lot Sqft
72,045
Sales History
1
$3,200,000
1994-12-01
Tax Assessment History
$10,385,600
Assessed (2026)
$19,637,450
Market Value
$10,385,600
Taxable Value
$211,443
Annual Tax
2025
$16,000,000
2026
$10,385,600
$19,637,450
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $10,385,600 | $19,637,450 | $10,385,600 | $211,443 | $14,700,000 | $4,937,451 |
| 2025 | $16,000,000 | $16,000,000 | $16,000,000 | $325,747 | $ | $ |
About 2870 S OCEAN BLVD, PALM BEACH, FL 33480
2870 S OCEAN BLVD, PALM BEACH, FL 33480 is a property built in 1971 on a 72,045 square foot lot. The property is currently owned by PALMLOR LC, 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 1994-12-01 for $3,200,000. The 2026 assessed value is $10,385,600 with a market value of $19,637,450. This breaks down to $14,700,000 for the land and $4,937,451 for the building.
The assessed value decreased 35% from $16,000,000 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.
2870 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 325% 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
PALMLOR LC
2870 S OCEAN BLVD, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$93,870 — $169,046
Flood $400 — $800
Property/Wind $93,470 — $168,246
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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