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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: 1/15/2026

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.

More Information MLS# R10405821

Contract Information

Comp Sale YN: No Listing Contract Date: 2018-02-14 Status: Closed Original List Price: 27900000 Sold Price: $21,000,000 Current Price: $21,000,000

Location and Legal

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

General Property Information

Living Area Main: 7671 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Furnished Stories Total: 2 Stories: 2 Fireplace YN: Yes Pool Private YN: Yes Spa YN: Yes Property Sub Type: Single Family Residence Bedrooms Total: 5 Bathrooms Total: 7 Bathrooms Full: 6 Bathrooms Half: 1 Building Area Main: 9494 Building Area Source: Builder Year Built: 2018 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Waterfront YN: 1 Direction Faces: South

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)

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash 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

Amenities

None: 1

Dining Area

Eat-In Kitchen: 1 Family/Dining Combination: 1 Formal Dining: 1

Flooring

Marble: 1 Wood: 1 Other: 1

Parking Features

Attached Garage: 1 Garage: 1

Property Condition

New Construction: 1

Short Sale Details

Short Sale Addendum: No

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Special Information

Sold As-Is: 1

Utilities

Sewer Available: 1 Water Available: 1

View

City: 1

Heating

Central: 1

Water View

Intracoastal: 1

Window Features

Sliding: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Free-Standing Freezer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1

Construction Materials

CBS: 1

Interior Features

Bedroom Layout - Split: 1 Built-in Features: 1 Elevator: 1 Entrance Foyer: 1 French Doors: 1 Kitchen Island: 1 Pantry: 1 Roman Tub: 1 Storage: 1 Walk-In Closet(s): 1 Wet Bar: 1

Laundry Features

Inside: 1 Laundry Closet: 1 Laundry Tub: 1

Levels

Multi/Split: 1

Listing Terms

Cash: 1 Conventional: 1

Pool Features

In Ground: 1

Road Frontage Type

East of US-1: 1

Water Source

Public: 1

Waterfront Features

Intracoastal: 1

Boat and Dock Information

Dock: Yes Dock Details: Yes

Boat and Dock Features

Electric Available: 1 Private Dock: 1 Water Available: 1

Cooling

Central Air: 1

Showing Requirements

Call Listing Office: 1

Master Bedroom/Bath

2 Master Baths: 1 Bidet: 1 Dual Sinks: 1 Master Bdrm - Sitting: 1 Master Bdrm - Upstairs: 1 Separate Shower: 1 Separate Tub: 1

Pets Allowed YN

Yes: 1

Pool Size Details

Pool Size (WxL): 16x40

Restrictions

Other Restrictions: 1

Storm Protection

Impact Glass: Partial

Tax Information

City/County: 1

Outdoor Living Spaces

Balcony: 1 Patio: 1 Porch: 1

Balcony Details

Balcony - Open: 1

Patio Details

Patio - Covered: 1 Patio - Open: 1

Contingencies

None: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: Second Bedroom 4: 1 Bedroom 4 Level: Second Bedroom 5: 1 Bedroom 5 Level: Second Den: 1 Den Level: First Dining Room: 1 Dining Room Level: First Family Room: 1 Family Room Level: First Garage Apartment: 1 Great Room: 1 Kitchen: 1 Kitchen Level: First Laundry: 1 Living Room: 1 Living Room Level: First Master Bedroom: 1 Master Bedroom Level: Second Utility Room: 1 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

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 Showing Requirements: Call Listing Office 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

Room Information

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

Listing Office: Christian Angle Real Estate

Last Updated: January - 15 - 2026

488 Island Drive, Palm Beach, FL 33480- MLS# R10405821

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