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550 Island Drive, Palm Beach, FL 33480
$28,500,000
550 Island Drive, Palm Beach, FL 33480View this property at 550 Island Drive, Palm Beach, FL 33480
550 Island DrivePalm BeachFL33480
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Property Description
The Epitome of Palm Beach Chic on Everglades Island. This house is a true Bermuda style house with 150 feet of direct waterfront. Most ceilings are vaulted with pickled wood to create a sophisticated island atmosphere. There are multiple outdoor living spaces surrounding the infinity pool including a covered loggia with a fireplace. The magical garden has been beautifully maintained and provides total privacy throughout. The main house consists of 5 bedrooms and there is a separate guest house overlooking the water with 2 bedrooms. The structures were completely renovated in 2016 with no expense spared. Amenities include a full house generator, 2 car garage, a boatlift and one floating dock along with a new seawall. This is Island living at its best.
Full Property Details
Full Property Details for 550 Island Dr
General
- Price: $28,500,000
- Taxes: $119,697 (2022)
- Status: Active
- Type: Single Family
- MLS ID: RX-10884124
- Updated: 4/18/2024
- Added to Site: 381 day(s) ago
Interior
- Rooms/Areas: None
- Interior Features: Fireplace(s)
- Appliances: Dishwasher, Dryer, Freezer, Microwave, Gas Range
- Furnishings: Unfurnished
- Flooring: Wood Floor
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
- Bedroom/Bathroom: None
- Primary Bedroom: 0 x 0
Other Rooms
- Living Room: 0 x 0
- Kitchen: 0 x 0
Additional Information
- Shared Amenities: None
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated
- Security/Safety: Security Sys-Owned
Exterior
- Exterior Features: Cabana, Covered Patio, Greenhouse
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage - Attached
Location
- Area: 5003, PB30
- County: Palm Beach
- Subdivision: Everglades Island 3
- Driving Directions: S County Road to Island Road, turn right on Island Drive
Community
- Home Owners Assn.: None
- Pets Allowed: Yes
- Governing Bodies: None
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Utility Description: Electric
Structural Information
- Construction: CBS
- Roof: Other
- Square Feet: 4,922
- Sq. Ft. Source: Other
- Year Built: 1955
Lot Features
- Lot Size (Sq. Ft.): 23,963
- Lot Size: 150.0 ft x 159.0 ft
- Zoning: RB
- Lot Description: 1/2 to < 1 Acre
Water Features
- Water Front: Yes
- Water Front Desc.: Intracoastal
Financial Considerations
- Price Per Sq. Ft.: $5,790.32
- Tax Amount: $119,697
- Tax Year: 2022
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38
- Restrictions: None
- APN: 50434327030000361
Listed by Brown Harris Stevens of PB (Wo
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Schools
Schools serving 550 Island Dr
School District:Palm Beach Schools
Rating | Name | Grades | Distance |
---|---|---|---|
239 Cocoanut Row, Palm Beach, FL 33480 | PK-5 | 0.7 mi | |
3630 Parker Ave, West Palm Bch, FL 33405 | 6-8 | 1.7 mi | |
6901 Parker Ave, West Palm Bch, FL 33405 | 9-12 | 3.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 Island Dr
Date
Details
Price
Change
Source
4/03/2024
Price Reduced
$28,500,000
-12.31%
MLS
1/24/2024
Price Reduced
$32,500,000
-6.88%
MLS
11/16/2023
Price Reduced
$34,900,000
-10.51%
MLS
4/24/2023
Listed
$39,000,000
333.33%
MLS
6/06/2014
Sold
$9,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 550 Island Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$118,456
-1%
$7,904,632
3%
2022
$119,697
-2%
$7,667,604
3%
2021
$122,145
—
$7,444,276
1%
2021
$122,145
—
$7,341,495
2%
2019
$122,404
5%
$7,176,437
2%
2018
$116,211
—
$7,042,627
2%
2017
$116,381
-1%
$6,897,774
3%
2016
$117,046
-23%
$6,717,187
-20%
2015
$152,032
95%
$8,363,213
98%
2014
$78,092
2%
$4,222,271
1%
2013
$76,443
—
$4,159,873
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 550 Island Dr
550 Island Drive, Palm Beach, FL 33480 (MLS# RX-10884124) is a Single Family property with 7 bedrooms and 5 full bathrooms. 550 Island Drive is currently listed for $28,500,000 and was received on April 24, 2023. Want to learn more about 550 Island Drive? Do you have questions about finding other Single Family real estate for sale in Palm Beach? You can browse all Palm Beach real estate or contact a Coldwell Banker agent to request more information.