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$1,400,000
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Property Description
Rare 3.3-acre private oasis and custom home, build 8 more homes, Single home a private retreat, family compound, or long-term investment, this hidden gem delivers space, privacy, and possibilities rarely found in Palm Beach County. A buyer stepped forward on this Estate Home on 3.3 Acres that was listed with an outstanding broker, but no sale for over one year. They secured first place on this remarkable property at a remarkable price. Between the contract and the closing table, things can happen like life events. Our Backup Plan PAYS the second buyer to secure 2nd position, become the backup buyer and be paid for it. Rarely does a property offer this level of privacy, acreage, flexibility, and location within Palm Beach County. Situated on approximately 3.3 acres, this unique West Palm Beach estate is tucked away behind mature trees and lush natural landscaping, creating a true private oasis ideal for buyers seeking space, seclusion, and long-term versatility. The setting feels worlds away, yet remains remarkably connected. The property is centrally located with convenient access to I-95, the Florida Turnpike, and Palm Beach International Airport, making daily travel and long-distance connectivity easy and efficient. Downtown West Palm Beach, Palm Beach Island, beaches, dining, and shopping are all within a short drive. Fort Lauderdale and Miami are also easily accessible, offering additional international travel options, business centers, and cultural destinations throughout South Florida. The existing residence is move-in ready and lends itself well to a compound-style lifestyle, whether for a large family, multi-generational living, or buyers who value space for extended family, guests, or personal pursuits. The expansive acreage provides room for additional structures, outdoor amenities, gardens, recreation, or future expansion, subject to local approvals. For those who simply want land this property delivers a level of breathing room that is becoming increasingly rare in Palm Beach County. This property is especially appealing to buyers seeking: A private family compound Multi-generational living or shared family ownership Space for multiple vehicles, equipment, hobbies, or home-based needs A quiet retreat without sacrificing access to major roads and airports Long-term land value and flexibility in a high-demand county For builders or investors, the parcel offers compelling potential. The acreage size and configuration present opportunities for future redevelopment or additional residences, subject to zoning and municipal approvals. Whether held as a personal estate, improved over time, or explored for development potential, the property supports a wide range of visions and timelines. Palm Beach County continues to attract national and international interest due to its favorable climate, business-friendly environment, cultural amenities, and quality of life. West Palm Beach, in particular, has experienced ongoing growth, infrastructure investment, and demand from both full-time residents and seasonal owners. Properties offering significant acreage within this area are increasingly scarce, making this offering especially notable. What truly sets this property apart is its intentional seclusion. The surrounding trees, depth of the lot, and setback from surrounding roads create an atmosphere of calm and privacy that is difficult to replicate. This is not a typical neighborhood setting it is a place for buyers who appreciate discretion, independence, and space to live on their own terms. Whether envisioned as a private retreat, a family legacy property, a multi-home compound, or a future development opportunity, this 3.3-acre estate represents a rare chance to secure land, privacy, and flexibility in one of South Florida's most desirable and accessible regions.
Full Property Details
Full Property Details for 550 Sky Lake Dr
General
- Sold For: $1,400,000
- Taxes: $6,452 (2025)
- Status: Closed
- Type: Single Family
- Source: Regional
- MLS ID: R11161152
- Added to Site: 109 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Bathtub, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Family/Dining Room, Jetted Tub, Kitchen/Dining Combo, Main Level Primary, Multiple Primary Suites, Sitting Area in Primary, Split Bedrooms, Soaking Tub, Separate Shower, Tub Shower, Walk-In Closet(s)
- Fireplace: Yes
- Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 3
- Half Bathrooms: 2
- Main Floor Baths: 3
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 3
Other Rooms
- Laundry: Inside
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Free Form, Gunite, In Ground, Other
- Spa: Yes
- Security/Safety: Security System, Gated Community, Smoke Detector(s), Security Lights
Exterior
- Exterior Features: Balcony, Outdoor Living Area
- Porch/Patio/Deck: Open, Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 4
- Covered Spaces: 6
- Total Spaces: 99
- Parking Features: Attached Carport, Attached, Circular Driveway, Covered, Carport, Garage, Guest, Open, RV Access/Parking
Location
- County: Palm Beach
- Subdivision: MODEL LAND CO
- Direction Faces: South
School Information
- Elementary School: Pine Jog
- Middle School: Okeeheelee
- High School: Palm Beach Central
Community
- Community Name: 5510
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Zoned
- Heating Type: Central, Electric, Heat Strip
Utilities
- Sewer: Septic Tank
- Water: Public, Well
- Well: Yes
- Utility Description: Water Available
Structural Information
- Architectural Style: Other
- Structure Type: House
- Construction: Block
- Roof: Composition, Shingle
- Windows: Plantation Shutters
- Stories/Levels: 1
- Building Size: 4661
- Square Feet: 3,704
- Sq. Ft. Source: Owner
- Living Area: 3,704 Sq. Ft.
- Year Built: 1996
- Property Condition: Resale
Lot Features
- Property View: Canal, Garden, Pool
- Lot Size (Acres): 3.31
- Lot Dimensions: 3.31
- Irrigation System: Well
- Lot Features: Fruit Trees, Sprinklers Automatic, Sprinkler System
- Zoning: RS
- Fencing (Description): Fenced
Water Features
- Water View: Yes
- Water Front View: None
Financial Considerations
- Tax Amount: $6,452
- Tax Year: 2025
- Terms: Cash, Contract, Owner Will Carry
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: MODEL LAND CO SUB N 10 FT OF W 1/2 OF TR 47 (LESS E 175 FT) & W 1/2 OF TR 48 (LESS E 199.66 FT & N 20 FT L-6 CNL R/W)
- Disclosures/Rstr.: Special Assessment
- Property ID: 424402010001140
Listed by 920 Real Inc.
Sold by Home Partnership Group, LLC
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Schools
Schools serving 550 Sky Lake Dr
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Pine Jog Elementary School 6315 Summit Boulevard, West Palm Beach, FL 33415 | K-5 | 0.8 mi |
Okeeheelee Middle School 2200 Pinehurst Dr, Greenacres, FL 33413 | 6-8 | 2.1 mi |
Palm Beach Central High School 8499 Forest Hill Boulevard, Wellington, FL 33411 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 Sky Lake Dr
Date
Details
Price
Change
Source
4/29/2026
Sold
$1,400,000
0.36%
MLS
3/05/2026
Price Reduced
$1,395,000
-5.42%
MLS
2/27/2026
Price Reduced
$1,475,000
-7.52%
MLS
2/05/2026
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
550 Skylake Drive, West Palm Beach, FL 33415 (MLS# R11161152) is a Single Family property that was sold at $1,400,000 on April 29, 2026. Want to learn more about 550 Skylake Drive? Do you have questions about finding other Single Family real estate for sale in West Palm Beach? You can browse all West Palm Beach real estate or contact a Coldwell Banker agent to request more information.

