488 Island Drive, Palm Beach, FL 33480 (MLS# R10405821)

488 Island Drive, Palm Beach, FL 33480

$21,000,000

Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 9,494 Status: Closed

Current Price: $21,000,000 List Date: 2/14/2018 Last Modified: 7/06/2026

Overview

Description

Brand new, furnished Everglades Island point estate. Gorgeous British Colonial with commanding lake views from three sides. Built by Malasky Homes, this estate features 5BR/6.1BA plus library, 1BR/1BA guest apartment, fireplaces, wine cellar, and elevator. Master wing features sitting room, dual baths and closets, and three balconies. Beautiful backyard with pool, spa, and loggia surrounded by the Intracoastal.

Listing Details MLS# R10405821

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: Yes
Building Area Main: 9494
Building Area Source: Builder
Living Area Main: 7671
Year Built: 2018
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: South
Fireplace YN: Yes
Pool Private YN: Yes
Spa YN: Yes
Furnished: Furnished

Property Features

Dining Area: Eat-In Kitchen; Family/Dining Combination; Formal Dining Flooring: Marble; Wood; Other Parking Features: Attached Garage; Garage Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Free-Standing Freezer; Microwave; Oven; Refrigerator; Washer Boat and Dock Features: Electric Available; Private Dock; Water Available Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Bedroom Layout - Split; Built-in Features; Elevator; Entrance Foyer; French Doors; Kitchen Island; Pantry; Roman Tub; Storage; Walk-In Closet(s); Wet Bar Laundry Features: Inside; Laundry Closet; Laundry Tub Levels: Multi/Split Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pool Features: In Ground Possession: Close Of Escrow Restrictions: Other Restrictions Road Frontage Type: East of US-1 Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Sewer Available; Water Available Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Window Features: Sliding Outdoor Living Spaces: Balcony; Patio; Porch Balcony Details: Balcony - Open Patio Details: Patio - Covered; Patio - Open Contingencies: None Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Den; Dining Room; Family Room; Garage Apartment; Great Room; Kitchen; Laundry; Living Room; Master Bedroom; Utility Room

Contract Information

Comp Sale YN: No
Original List Price: 27900000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 488
Street Name: Island
Street Suffix: Drive
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: EVERGLADES ISLAND 3
Area: 5003
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434327030000251
Zoning: R-B
Directions: Call LO

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 136192
Tax Year: 2017
Tax Legal Description: EVERGLADES ISLAND PLAT 3 LT 25 (LESS W 17.23 FT)

Status Change Information

Major Change Timestamp: 2018-08-31T17:08:27Z
Major Change Type: Status Change
Status Change Date: 2018-08-31
Under Contract Date: 2018-08-20
Close Date: 2018-08-31
Close Price: 21000000
Buyer Financing: Cash

More Information

Short Sale Details

Short Sale Addendum: No

Boat and Dock Information

Dock: Yes
Dock Details: Yes

Pool Size Details

Pool Size (WxL): 16x40

Storm Protection

Impact Glass: Partial

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: Second
Bedroom 4 Level: Second
Bedroom 5 Level: Second
Den Level: First
Dining Room Level: First
Family Room Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: Second
Utility Room Level: Second

Price Calculations

Current Price To SqFt: 2737.58
Original List Price To Close Price: 1.32

Originating Details

Originating System Key: 20180214170938725881000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width	Level
Living Room	31.00	21.00	First
Dining Room	25.00	13.00	First
Kitchen	11.00	19.00	First
Family Room	27.00	19.00	First
Master Bedroom	18.00	19.00	Second
Bedroom 2	17.00	14.00	First
Bedroom 3	17.00	14.00	Second
Bedroom 4	17.00	14.00	Second
Bedroom 5	14.00	16.00	Second
Den	17.00	14.00	First
Utility Room	12.00	11.00	Second
Great Room
Garage Apartment
Laundry

Listing Office: Christian Angle Real Estate

Last Updated: July - 06 - 2026

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