I as looking over the town of Palm Beach Shores flood information and found some great information I’d like to share the first is a Flood Information Page and a Flood Zone Map. The town maintains it’s own flood insurance program in connection and conjunction with FEMA. The item to keep in mind is that many of the homes in Palm Beach Shores on Singer Island are older homes. Many of these homes are purchase for their land value or by those looking to do “substantial” renovations to the property.
Where “Substantial improvement shall mean any repair from damage or destruction, reconstruction, improvement, or additions of a structure, the cost of which equals or exceeds 50% of the assessed tax value (you can perhaps also get your own appraisal done) of the structure as is listed by the Palm Beach County Tax Assessors Office or by a certified appraisal. The assessed value of the structure shall be determined before the improvement is started, or if the structure has been damaged and is being restored, before the damage or destruction occurred.”
Looking over the map we see that in fact much of Palm Beach Shores is in a Flood Zone C. Some of the town is in a Zone B which FEMA defines as “Areas of 500-year flood; areas of 100-year flood with average depths of less than 1 foot or with drainage areas less than 1 square mile; and areas protected by levees from 100-year flood. An area inundated by 0.2% annual chance flooding.”
These requirements are only applicable in a Flood Zone A, or V.
To see more about the Town of Palm beach Shores and Singer Island Homes and Condominiums for sale please use these links: