206 Phipps Plaza, Palm Beach, FL 33480

$27,500,000
Property Type: Residential Bedrooms: 7 Baths: 11 Square Footage: 11,786 Status: Closed
Current Price: $27,500,000 List Date: 8/04/2026 Last Modified: 8/11/2026

Overview

Description

Ideally located in historic Phipps Plaza, this architectural jewel—originally conceived by Marion Sims Wyeth and masterfully reimagined by John Volk—has been artfully transformed from its foundation to its roof. The result is a seamless blend of classic Palm Beach character and modern sophistication. Featuring five generous en-suite bedrooms, refined formal and relaxed family living areas, and beautifully landscaped pool gardens, this residence perfectly balances heritage and contemporary comfort. Additional highlights include a three-car garage and nine dedicated street parking spaces—an exceptional rarity in the heart of town. Staging and furnishings by Vesta Home; all furniture available for purchase.

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Listing Details MLS# B26060028

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
7
Bathrooms Total
11
Bathrooms Full
8
Bathrooms Half
3
Building Area Main
11786
Building Area Source
Other
Living Area Main
9427
Living Area Source
Other
Accessibility Features YN
No
Year Built
1926
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
3
Covered Spaces
3
Parking Total
14
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
South
Fireplace YN
No
Pool Private YN
Yes

Property Features

Flooring: Wood Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Driveway; Attached Garage; Garage Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Bar; Pantry; Walk-In Closet(s) Levels: Two Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Barrel Sewer: Public Sewer Structure Type: House Tax Information: City/County Utilities: Electricity Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent; Text Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: None Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
34000000
Negotiable Seller Concessions YN
No
Occupant Type
Vacant
Listing Service
Limited Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
206
Street Name
Phipps Plaza
Municipality Type
Incorporated
Municipal Code
50
State Or Province
FL
Postal Code
33480
Postal Code +4
4241
Subdivision Name
PHIPPS PLAZA
Area
5002
Geographic Area
PB30
Elementary School
Palm Beach Public
Middle Or Junior School
Conniston Community
High School
Forest Hill
Special Assessment YN
No
Parcel Number
50434322100000012
Subdivision Number
10
Zoning
R-C (city)
Flood Zone
AE

Financial Information

Master Association YN
No
Membership Fee Required YN
No
Tax Annual Amount
129868.63
Tax Year
2025
Tax Legal Description
PL OF PHIPPS PLAZA W 3.8 FT OF LT A~ LTS B~ C~ D & LT E (LESS W 10 FT~ N 30.33 FT OF W 92.88 FT OF E 96 FT & SLY 56.07 FT OF W 89.48 FT OF E

Status Change Information

Major Change Timestamp
2026-08-11T20:36:00Z
Major Change Type
Status Change
Status Change Date
2026-08-11
Under Contract Date
2026-08-04
Close Date
2026-08-11
Close Price
27500000
Buyer Financing
Cash

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
11

Main Level Rooms

Main Level Bathrooms
4
Main Level Bedrooms
Yes

Pet Details

Pet Fee YN
No

Storm Protection

Impact Glass
Complete

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
Second

Price Calculations

Current Price To SqFt
3606.66

Originating Details

Originating System Key
20260730164719505344000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Kitchen 28.00 11.00 First
Living Room 29.20 21.60 First
Master Bedroom 21.60 20.00 Second
IDX
Listing Office: Premier Estate Properties, Inc
Last Updated: August - 11 - 2026
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