3498 S OCEAN BLVD, SOUTH PALM BEACH, FL 33480
Parcel: 62434435000020080 · Single Family · Zoning: 001
Assessed Value (2026)
$4,312,080
Property Details
Year Built
1954
Lot Sqft
17,957
Sales History
1
$1,279,000
2016-04-18
Tax Assessment History
$4,312,080
Assessed (2026)
$7,361,166
Market Value
$4,312,080
Taxable Value
$87,790
Annual Tax
2025
$7,361,166
2026
$4,312,080
$7,361,166
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $4,312,080 | $7,361,166 | $4,312,080 | $87,790 | $7,144,500 | $216,666 |
| 2025 | $7,361,166 | $7,361,166 | $7,361,166 | $149,867 | $7,144,500 | $216,666 |
About 3498 S OCEAN BLVD, SOUTH PALM BEACH, FL 33480
3498 S OCEAN BLVD, SOUTH PALM BEACH, FL 33480 is a property built in 1954 on a 17,957 square foot lot. The property is currently owned by 3498 SOUTH OCEAN 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 2016-04-18 for $1,279,000. The 2026 assessed value is $4,312,080 with a market value of $7,361,166. This breaks down to $7,144,500 for the land and $216,666 for the building.
The assessed value decreased 41% from $7,361,166 in 2025. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.
The median household income in this area is $75,096, and the median home value is $449,800. The population density is 3,579 people per square mile. There are active mortgage liens totaling $4,582,257 recorded against this property.
3498 S OCEAN BLVD, SOUTH PALM BEACH, FL 33480 is located in SOUTH PALM BEACH, Florida. Property records, tax assessments, sales history, and ownership information for this SOUTH PALM BEACH property are sourced from palm_beach County public records. The current assessed value represents 337% 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
3498 SOUTH OCEAN LLC
1131 DELAWARE AVE, BUFFALO, NY, 14209
Since: 2026-04-03
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Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$46,970 — $86,179
Flood $400 — $800
Property/Wind $46,570 — $85,379
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$75,096
Median Home Value$449,800
Pop. Density3,579/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
$4,860,000
MORGAN STANLEY PRIVATE BANK NA · 2021-07-14
1 satisfied mortgage
SATISFIED 2020-11-04
$1,000,000
M & T BANK
Est. Total Balance $4,582,257
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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