$28,500,000
550 Island Drive
Palm Beach, FL 33480
MLS# RX-10884124
7 beds  |  5 baths  |  4922 sqft

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550 Island Drive, Palm Beach, FL 33480
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Open House (04/28/2024 - 1:00 pm - 3:00 pm)

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.

Details
Contract Information
Listing Date: 2023-04-24
Status: Active
Original List Price: 39000000
Auction: No
List Price: $28,500,000
Current Price: $28,500,000
List Price/SqFt: 5790.32
Comm/Non-Rep: 2.5%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Single Family Detached
Governing Bodies: None
Main Level Bedrooms: 7
Total Bedrooms: 7
Main Level Bathrooms: 5
Baths - Full: 5
Baths - Total: 5
Property Condition: Resale
Year Built: 1955
SqFt - Total: 6207
SqFt - Living: 4922
SqFt Source: Other
Gated Community: No
Garage Spaces: 2
Covered Spaces: 2
Homeowners Assoc: None
Association Deposit: No
Membership Fee Required: No
Directions: S County Road to Island Road, turn right on Island Drive
Subdivision: EVERGLADES ISLAND 3
Legal Desc: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38
Lot SqFt: 23963
Lot Dimensions: 150.0 ft x 159.0 ft
Waterfront: Yes
Front Exp: East
Private Pool: Yes
Pets Allowed: Yes
Pets on Premises: No
Total Floors/Stories: 1
Location, Tax & Legal
Area: 5003
Geo Area: PB30
County: Palm Beach
Parcel ID: 50434327030000361
Street #: 550
Street Name: Island
Street Suffix: Drive
State/Province: FL
Zip Code: 33480
Zoning: RB
Tax Year: 2022
Taxes: 119697
Special Assessment: No
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Geo Lat: 26.697158
Geo Lon: -80.043274
Office/Member Info
DXORIGMLNO: RX-10884124
DXORIGMLSID: RML
Storm Protection
Impact Glass: Partial
Property Features
Construction: CBS
Waterfront Details: Intracoastal
Private Pool Description: Heated
Lot Description: 1/2 to < 1 Acre
Exterior Features: Cabana; Covered Patio; Green House
Interior Features: Fireplace(s)
Master Bedroom/Bath: None
Furnished: Unfurnished
Rooms: None
Parking: Garage - Attached
Subdiv. Amenities: None
Restrict: None
Security: Security Sys-Owned
Flooring: Wood Floor
Heating: Central
Cooling: Central
Equip/Appl Included: Dishwasher; Dryer; Freezer; Microwave; Range - Gas
Roof: Other
Terms Considered: Cash; Conventional
Utilities: Electric
Taxes: Homestead
Room Information
Room Name Length Width Length Level Width
Living Room0.000.000.00Main0.00
Kitchen0.000.000.00Main0.00
Master Bedroom0.000.000.00Main0.00

Listing Office: Brown Harris Stevens of PB (Wo

Last Updated: April - 25 - 2024

550 Island Drive, Palm Beach, FL 33480 - MLS# RX-10884124
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