550 Island Drive

Palm Beach, FL 33480

$28,500,000
Price
7
Beds
5
Baths
1
1/2 Bath
4,922 Sq. Ft.
$5,790 / Sq. Ft.
4,922
Sq. Ft.
$5,790
per Sq. Ft.

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 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.

Property Details for 550 Island Drive

Subdivision
Everglades Island
Style
Bermuda
WaterFront
Yes
Waterfront Type
Intracoastal-Direct
Zoned
RB
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LISTING UPDATED: 05/01/2024 03:59 PM

Property Details for 550 Island Drive

StatusActive
MLS #23-755
Days on Market377
Taxes$119,697 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1955
Lot Size0.55 AC / 23,962 SF
CountyPalm Beach County
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Virtual Tour

Building Information for 550 Island Drive

Stories-Year Built1955Building Size-Lot Size0.55 AC / 23,962 SF

Payment Calculator

$165,511 per month

30 year fixed, 7.25% Interest

Principal and Interest

$155,536

Property Taxes

$9,975

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 550 Island Drive

Summary
Location and General Information
  • Area: 03 - South of Worth Ave to Sloans Curve
  • County Or Parish: Palm Beach
  • Direction Faces: East, West
  • Latitude: 26.697169
  • Absolute Longitude: -80.043281
  • Exposure - East: True
  • Exposure - West: True
  • Landmark - No Landmarks: True
Owner
  • Owner Name: Withheld
Parking
  • Garage 2 Car: True
  • Garage: 2 Car
Taxes and HOA Information
  • Tax Year: 2022
  • PCN#: 50434327030000361
  • Tax Amount: $119,697.00
  • HOA None: True
Property
Lot Information
  • SqFt Total: 6207.0
  • Lot Dim (1): 150
  • Lot SqFt: 23962.0
  • Lot Size Units: Square Feet
  • Acres: 0.55
  • Year Built: 1955
  • Living Area: 4922.0
  • Lot Size Area: 23962.0
  • Living Area: 4922.0
Property and Assessments
  • Legal: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38
  • Certified Flood Elev: No
  • Documents Count: 0
  • Videos Count: 1
  • Certified Survey: No
  • Lot Dimensions Source: No
  • Photos Count: 24
  • Photo to be Supplied: Photo Supplied by LO
  • Approval Status: Yes
  • Possession: Occupancy At Closing
Interior and Exterior Features
Interior Features
  • Beds Total: 7
  • Baths Total: 5.00
  • Total Bathrooms Source: MLS
  • Baths Half: 1
  • Kitchen Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Microwave
  • Bathrooms Total Decimal: .50
  • Bathrooms Total Integer: 5
  • Bathrooms Total Notational: .10
  • Flooring: Hardwood
  • Heating: Central Air
  • Heating: Yes
  • Interior Features: Cable, Ceiling Fan, Fireplace, Sound System
  • Roof: Other
  • Rooms Total: 0.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Appliances : Dishwasher: True
  • Appliances : Disposal: True
  • Appliances : Refrigerator: True
  • Appliances : Refrigerator-Wine: True
  • Appliances : Freezer: True
  • Appliances : Ice Maker: True
  • Appliances : Range-Gas: True
  • Appliances : Microwave: True
  • Construction Materials: Cement Block/Stucco
  • Furnished/UnFurnished: Unfurnished
  • Floors : Hardwood: True
  • Interior Features : Cable: True
  • Interior Features : Ceiling Fan: True
  • Interior Features : Sound System: True
  • Interior Features : Fireplace: True
  • # of Baths: 5.0
Exterior Features
  • Pool Features: Pool, Heated - Gas
  • Pool: true
  • Pool : Pool3: True
  • Pool : Heated - Gas: True
  • Waterfront : Intracoastal-Direct: True
  • Dock : Other Materials: True
  • Roof : Other: True
  • Exterior Features : PatioLanai: True
  • Exterior Features : Cabana: True
  • Exterior Features : SeawallBulkhead: True
  • Exterior Features : GuesthouseCottage: True
  • Windows : Impact Glass: True
  • Windows : Impact Glass-Full: True
  • Exterior Features: Patio/Lanai, Cabana, Seawall/Bulkhead, Guesthouse/Cottage
Multi Family
Multi-Family Information
  • Security Features: Security System, Other Security
  • Security : Other Security: True
Rental
Rent Information
  • Lease Amount Frequency: No

Property History for 550 Island Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Island Drive

Taxable ValueLand-Additions-Total-
Tax Record2023$118,456 ($9,871 / month)
Home Facts
Beds7Baths5.5Total Finished SqFt4,146 SqFtAbove Grade Finished SqFt4,146 SqFtStories2Lot Size23,962 SqFtStyleSingle Family ResidenceYear Built1955Year Renovated1975ZoningR-BCountyPALM BEACHAPN50-43-43-27-03-000-0361Fireplace TypeHas Fireplace

Schools near 550 Island Drive

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palm Beach Public School
PublicPK to 5

Conniston Middle School
Public6 to 8

Forest Hill Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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550 Island Drive is a single family home for sale in Palm Beach, FL 33480. This property was listed for sale on April 24, 2023, it's currently listed at $28,500,000. It has been on the market for a total of 377 days and was last sold on June 18, 2014. This listing's school district is Palm Beach. Nearby schools include Palm Beach Public School, Conniston Middle School and Forest Hill Community High School. 550 Island Drive is a 7-bed, 5.5-bath, 4,922 sqft single family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.