When was property at 1081 Palama Way built and last sold?

The property at 1081 Palama Way was built in 1985 and last sold on Feb 27, 2003 for $180,000.

How much is this home worth?

The estimated value of the home located at 1081 Palama Way is $571,188.

What are some comparable homes to 1081 Palama Way?

There are currently no comparable homes to 1081 Palama Way.

Lantana

33462

Sea Pines

1081 Palama Way

Map

$564,000

↓ $10K (1.7%)

● House - For Sale

1081 Palama Way

Lantana, FL 33462

3 Beds

2 Baths

1,744 Ft²

$3,475

Est. Monthly

About This Property

Welcome home to this beautifully updated 3-bedroom, 2-bath residence located in a desirable NO HOA community, offering the freedom and flexibility today's buyers are looking for. Freshly painted inside with brand-new carpeting, this move-in-ready home features an inviting floor plan filled with natural light. The kitchen is equipped with stainless steel appliances, while both bathrooms have been tastefully updated with modern finishes. Step outside to your own private tropical retreat featuring a custom swimming pool, a spacious screened-enclosed patio with brand-new screens, a newly installed privacy fence, and lush tropical landscaping that creates the perfect setting for entertaining or relaxing year-round. The oversized backyard offers exceptional privacy and plenty of room to enjoy Florida living at its best. This is the perfect combination of comfort, style, and outdoor living-all with no HOA restrictions.

Unit Size

1,744 Ft²

Days on Market

114 days

Land Size

0.23 acres

Price per sqft

$323

Property Type

House

Property Taxes

$706

HOA Dues

Year Built

1985

Listed By

Re/Max Direct

Compass Florida LLC

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Last updated: 8 days ago (Beaches MLS #B26055216)

Price History

Date / Event	Date	Event
Nov 6, 2026	Price Decreased	$564,000 ↓ $10K (1.7%)
Price Decreased
Oct 19, 2026	Price Decreased	$574,000 ↓ $5K (0.9%)
Price Decreased
Sep 21, 2026	Price Decreased	$579,000 ↓ $10K (1.7%)
Price Decreased
Aug 24, 2026	Price Decreased	$589,000 ↓ $10K (1.7%)
Price Decreased
Jul 22, 2026	Listed by Compass Florida LLC	$599,000
Listed by Compass Florida LLC
Mar 10, 2003	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Parking Details

Has Garage

Attached Garage

Parking Features: Attached, Garage

Garage Spaces: 2

Interior Details

Full Bathrooms: 2

Interior Features: Entrance Foyer, MainLevelPrimary, SplitBedrooms

Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Water Heater, Washer

Flooring Type: Carpet, Tile

Laundry Features: Inside

Rooms: 5

Exterior Details

Square Footage: 1744

Square Footage Source: $0

Property Condition: Resale

Year Built: 1985

Building Area Total: 2650

Levels: One

Window Features: Sliding

Construction Materials: Block, CBSConcreteBlockStructure

Patio and Porch Features: Covered, Patio

Pool Features: In Ground

Pool is Private

Lot Features: SprinklersAutomatic, LessThanQuarterAcre

Lot Size Area: 10018.8

Lot Size Units: Square Feet

Lot Size Acres: 0.23

Lot Size Square Feet: 10018.8

Lot Size Dimensions: .28

Water Source: Public

Financial Details

Tax Assessed Value: $402,867

Tax Annual Amount: $8,467

Utilities Details

Cooling Type: Central Air

Heating Type: Central

Sewer : Public Sewer

Building Info

Overview

General

Year Built: 1985

Effective Year Built: 1985
Building Count: 1
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 550
Parking Space Count: 2
Patio Type: 55
Porch Type: 125
Pool Type: 8

Dimensions

Lot Size Square Feet: 10,062

Lot Size Depth Feet: 1,680
Lot Size Frontage Feet: 600
Total Building Area: 2,650
Gross Building Area: 2,650
Building Area: 1,744
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,744
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MADDOCK ADDITION PLAT 3
Land Acres: 0000000231
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: MADDOCK ADDITION PLAT 3 LOT 28 BLK 8

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 005502

Zoning

Zoning: R3

Geography

Assessors Map Reference: 282

Parcel: 40-43-45-04-17-008-0280
Block: 8
Lot: 28
Meridian: SEC 04 TWN 45S RNG 43E
Municipality: LANTANA
Latitude: 26.5764
Longitude: -80.0627

Address

Full Address: 1081 Palama Way

Address - House Number: 1081
Address - Street Name: Palama
Address - Suffix Type: Way
State: FL
City Name: Lantana
Carrier Code: C001
4-Digit Zip Code: 4155
Zip Code: 33462

Valuation

Tax

Total Area: 2,112

Tax Year: 2022
Tax Amount: $277,586
Tax Rate Code Area: 40537

Appraisal Valuation

Standard Deviation: 0.2058

Valuation Date: Jan 03, 2024
Confidence Score: 72
Final Value: 524,178
High Value: 632,098
Low Value: 416,257

Market Valuation

Market Total Value: $353,884

Market Land Value: $195,186
Market Improvement Value: $158,698

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $158,233

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Feb 27, 2003

Current Sale Recording Date: Mar 10, 2003
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20030134550

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Sea Pines

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$319

Above Asking

0.00%

Average Days on Market

Average Home Size

1777 ft²

Average Home Age

39 years

Currently For Sale

2 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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$8,000 /mo

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2 Baths
1,969 ft²

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2 Baths
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1373 Lands End Road, Manalapan, FL, 33462 Listing by Valentina Kraver PA

Unit for rent at 129 E Hart Street, Lantana, FL, 33462

$6,000 /mo

4 Beds
2 Baths
1,480 ft²

129 E Hart Street, Lantana, FL, 33462 Listing by Gabriella Toca

Rentals Near You

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Listed by: Mark Rucco PA
Compass Florida LLC
Last Updated: 8 days ago
Data Source: Beaches MLS, MLS# B26055216

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.