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Property Detail
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Location Address 259 WORTH AVE
Municipality PALM BEACH
Parcel Control Number 50-43-43-23-05-015-0520
Subdivision ROYAL PARK ADD TO P B IN
Official Records Book/Page 30159 / 1550
Sale Date OCT-2018
Legal Description ROYAL PARK ADD LTS 52 TO 54 INC BLK 15
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Owner Information
Change of Address
Owner(s)
FRO II 259 WORTH OWNER LLC
Mailing Address
FORTRESS INVESTMENT GROUP C/O 1345 AVENUE OF THE AMERICAS FL 46
NEW YORK NY 10105 0199
Sales Information
Sales DatePriceOR Book/Page Sale Type SearchIcon Owner
OCT-2018$20,000,000 30159 / 01550SearchIcon WARRANTY DEED FRO II 259 WORTH OWNER LLC
JUL-2011$10 24609 / 00193SearchIcon WARRANTY DEED MADDEN FMLY ASSOC LTD
JUN-2005$10 18793 / 01126SearchIcon QUIT CLAIM MADDEN FAMILY ASSOCIATES LTD
NOV-2004$10 17841 / 01238SearchIcon QUIT CLAIM MADDEN FAMILY ASSOCIATES LTD
DEC-1983$100 04114 / 01155SearchIcon QUIT CLAIM  
NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date. If a recent sale does not show up in this list, please allow more time for the sale record to be processed.
Exemption Information
Portability Calculator
No Exemption Information Available.
Property Information
Tangible Account(s)
Subarea and Sq. Footage for Building 1
Code Description Sq. Footage
RETAIL STORE 8324
RETAIL STORE 8050
Total Square Footage : 16374

Number of Units 0   View Building Details
Total Square Feet* 16374
Acres 0.2152
Property Use Code SearchIcon 1100 - STORES
Zoning SearchIcon CWA - ( 50-PALM BEACH )
* May indicate living area in residential properties.
Structural Element for Building 1
1. Year Built 1950
2. DOWNTOWN ROW TYPE 16374
Sketch for Building 1
Sketch
Number of Units 0 *Total Square Feet 16374 Acres 0.2152
Use Code 1100 - STORES Zoning CWA - ( 50-PALM BEACH )
* May indicate living area in residential properties.
Appraisals SearchIcon
Show 5 year   | Show 10 year
Tax Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Improvement Value $9,397,580 $9,388,750 $9,162,670 $4,759,740 $4,161,900 $3,838,330 $2,975,090 $2,932,450 $2,508,890 $2,508,890
Land Value $6,387,656 $6,201,563 $5,906,250 $3,531,281 $3,363,094 $3,363,117 $3,050,438 $3,050,438 $3,081,291 $3,260,625
Total Market Value $15,785,236 $15,590,313 $15,068,920 $8,291,021 $7,524,994 $7,201,447 $6,025,528 $5,982,888 $5,590,181 $5,769,515
All values are as of January 1st each year
Assessed and Taxable Values
Show 5 year   | Show 10 year
Tax Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Assessed Value $15,785,236 $9,704,174 $8,821,976 $8,019,978 $7,290,889 $6,628,081 $6,025,528 $5,982,888 $5,590,181 $5,769,515
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $15,785,236 $9,704,174 $8,821,976 $8,019,978 $7,290,889 $6,628,081 $6,025,528 $5,982,888 $5,590,181 $5,769,515
Taxes
Show 5 year   | Show 10 year
Tax Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Ad Valorem $264,835 $196,833 $189,231 $139,861 $132,375 $124,627 $108,737 $109,695 $104,911 $109,368
Non Ad Valorem $29,518 $28,537 $29,484 $29,307 $29,703 $29,651 $29,537 $29,611 $31,119 $27,902
Total tax $294,353 $225,370 $218,715 $169,168 $162,078 $154,278 $138,274 $139,306 $136,030 $137,270
 
*Buyers take note: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property. Property Tax Calculator    Property Tax Detail    Tax Collector