56 TER, WP, FL 33023
Parcel: 514124020441 · 48 · Zoning:
Assessed Value (2026)
$763,560
Property Details
Year Built
1965
Lot Sqft
5,391
Sales History
1
$100non-market transfer
2001-03-20
2
$200,000
2003-07-03
3
$850,000+325%
2023-05-26
4
$850,000
2023-06-05
5
$1,050,000+24%
2025-02-06
Tax Assessment History
$763,560
Assessed (2026)
$763,560
Market Value
$763,560
Taxable Value
$15,545
Annual Tax
2025
$883,678
$0
2026
$763,560
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $763,560 | $763,560 | $763,560 | $15,545 | $161,730 | $601,830 |
| 2025 | $883,678 | $ | $382,610 | $7,790 | $37,740 | $372,080 |
About 56 TER, WP, FL 33023
56 TER, WP, FL 33023 is a property built in 1965 on a 5,391 square foot lot. The property is currently owned by 2324 SW 56 TERRACE LLC, recorded as of 2026-03-30. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2025-02-06 for $1,050,000. The property has appreciated $200,000 (24%) since the prior sale of $850,000 on 2023-06-05. There are 5 recorded sales for this property.
The 2026 assessed value is $763,560 with a market value of $763,560. This breaks down to $161,730 for the land and $601,830 for the building. The assessed value decreased 14% from $883,678 in 2025.
There are active mortgage liens totaling $850,000 recorded against this property. 56 TER, WP, FL 33023 is located in WP, Florida. Property records, tax assessments, sales history, and ownership information for this WP property are sourced from broward County public records.
The complete ownership history of this property spans from 2001 to 2025, with 5 recorded transactions in the public record. The current assessed value represents 73% of the most recent sale price..
Current Owner
2324 SW 56 TERRACE LLC
2324 SW 56 TER, WEST PARK, FL, 33023
Since: 2026-03-30
View owner profile →
Look up on FL Sunbiz →
Find registered agent and officers for this entity
Est. Annual Insurance
$9,104 — $16,758
Flood $400 — $800
Property/Wind $8,704 — $15,958
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 33023
65.4%
Owner-Occ
34.6%
Investor
459
Flips (4yr)
8,847
New Biz (3yr)
Distress Risk
ELEVATED
56
Mortgages
ACTIVE
$850,000
2324 SW 56TH TERRACE LLC · 2025-02-06
Est. Total Balance $850,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.