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550 Island Drive, Palm Beach, FL 33480

$9,000,000

Property Type: Residential Bedrooms: 7 Baths: 7 Square Footage: 5,208 Lot Size (sq. ft.): 23,958 Status: Closed

Current Price: $9,000,000 List Date: 3/17/2014 Last Modified: 1/12/2026

Description

Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master with balcony overlooking the waterway and golf course. Exceptional and ample outdoor living. Audubon lovers will delight in the mangrove trees bordering the golf course for the privacy they provide and the spectacular wildlife they attract. 5 BR, 5.5 baths plus office, loggia, 2 BR, 2 bath cabana, 40' pool and lush, tropical landscaping.

Supplements: Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master Bedroom with balcony overlooking the waterway and golf course. Audubon lovers will delight in the mangrove trees bordering the golf course for the privacy they provide and the spectacular wildlife they attract. 7 BR, 7 baths including office, loggia, 2 BR, 2 BA cabana, 40' pool and lush, tropical landscaping. Exceptional and ample outdoor living.

More Information MLS# R10025139

Contract Information

Comp Sale YN: No Listing Contract Date: 2014-03-14 Status: Closed Original List Price: 9360000 Sold Price: $9,000,000 Current Price: $9,000,000

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: 550 Street Name: Island Street Suffix: Drive State Or Province: FL Postal Code: 33480 Subdivision Name: Everglades Island 3 Area: 5003 Parcel Number: 50434327030000361 Zoning: RB Directions: S County Road to Island Road, turn right on Island Drive.

General Property Information

Living Area Main: 4424 Lot Size Dimensions: DP 156 Lot Size Area: 23958 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Negotiable Stories Total: 2 Stories: 2 Pool Private YN: Yes LP/Assessed Value: 2.25 Property Sub Type: Single Family Residence Bedrooms Total: 7 Bathrooms Total: 7 Bathrooms Full: 7 Building Area Main: 5208 Building Area Source: Public Records Year Built: 1955 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Lot Size Acres: 0.55 Frontage Length: 150 Waterfront YN: 1 Direction Faces: West

Financial Information

Membership Fee Required YN: No Tax Assessed/SOH Value: 4159873 Tax Annual Amount: 76442.54 Tax Year: 2013 Tax Legal Description: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2014-07-21T17:27:38Z Major Change Type: Status Change Status Change Date: 2014-07-21 Under Contract Date: 2014-05-19 Close Date: 2014-06-18 Close Price: 9000000

Amenities

None: 1

Dining Area

Dining/Living Room: 1

Entry Information

Entry Location: Entry Level Living Area Y

Fireplace Features

Decorative: 1

Flooring

Wood: 1

Guest House Features

1 Bedrooms: 1 2 Baths: 1 Patio: 1

Parking Features

Garage Door Opener: 1 On Street: 1 Attached Garage: 1 Garage: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Other Structures

Cabana: 1 Cottage: 1 Outbuilding: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1 Electricity Available: 1 Sewer Available: 1 Water Available: 1

Heating

Central: 1 Electric: 1 Zoned: 1

Sprinkler Description

Auto Sprinkler: 1

Water View

Intracoastal: 1

Window Features

Drapes: 1 Plantation Shutters: 1 Single Hung Metal: 1 Sliding: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Range: 1 Free-Standing Freezer: 1 Ice Maker: 1 Microwave: 1 Washer: 1

Construction Materials

CBS: 1

Interior Features

Built-in Features: 1 Cabana Bath: 1 Cathedral Ceiling(s): 1 Custom Mirrors: 1 Entrance Foyer: 1 Pantry: 1 Storage: 1 Vaulted Ceiling(s): 1 Walk-In Closet(s): 1

Laundry Features

In Garage: 1

Listing Terms

Cash: 1 Conventional: 1

Pool Features

In Ground: 1

Roof

Concrete: 1 Tile: 1

Security Features

Security System Owned: 1 Smoke Detector(s): 1

Water Source

Public: 1

Waterfront Features

Intracoastal: 1

Architectural Style

Other: 1

Cooling

Central Air: 1 Electric: 1 Zoned: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Listing Agent Must Accompany: 1

Master Bedroom/Bath

Combo Tub/Shower: 1 Master Bdrm - Upstairs: 1

Pets Allowed YN

Yes: 1

Pool Size Details

Pool Size (WxL): 25x40

Restrictions

No Restrictions: 1

Storm Protection Details

Storm Shutters: 1

Tax Information

City/County: 1 Homestead Exemption: 1

Outdoor Living Spaces

Balcony: 1 Patio: 1

Balcony Details

Balcony - Covered: 1 Balcony - Open: 1

Patio Details

Patio - Covered: 1 Patio - Open: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: First Bedroom 4: 1 Bedroom 4 Level: First Bedroom 5: 1 Bedroom 5 Level: First Great Room: 1 Great Room Level: First Kitchen: 1 Kitchen Level: First Laundry: 1 Living Room: 1 Living Room Level: First Master Bedroom: 1 Master Bedroom Level: Second

Price Calculations

Current Price To SqFt: 2034.35 Original List Price To Close Price: 1.04

Acreage Description

1/2 To Less Than 1 Acre Lot: 1

Originating Details

Originating System Key: 20140317171017069157000000 Originating System ID: M00000170

Property Features

Dining Area: Dining/Living Room Fireplace Features: Decorative Flooring: Wood Guest House Features: 1 Bedrooms; 2 Baths; Patio Parking Features: Garage Door Opener; On Street; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air; Electric; Zoned Heating: Central; Electric; Zoned Interior Features: Built-in Features; Cabana Bath; Cathedral Ceiling(s); Custom Mirrors; Entrance Foyer; Pantry; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: In Garage Listing Terms: Cash; Conventional Other Structures: Cabana; Cottage; Outbuilding Pets Allowed YN: Yes Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Concrete; Tile Security Features: Security System Owned; Smoke Detector(s) Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Storm Protection Details: Storm Shutters Tax Information: City/County; Homestead Exemption Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Window Features: Drapes; Plantation Shutters; Single Hung Metal; Sliding Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Open Patio Details: Patio - Covered; Patio - Open Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Great Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Room Information

Living Room Length: 25.00 Length: 25.00 Width: 19.00 Width: 19.00 Level: First Kitchen Length: 26.00 Length: 26.00 Width: 10.00 Width: 10.00 Level: First Master Bedroom Length: 20.00 Length: 20.00 Width: 14.00 Width: 14.00 Level: Second Bedroom 2 Length: 16.00 Length: 16.00 Width: 14.00 Width: 14.00 Level: First Bedroom 3 Length: 16.00 Length: 16.00 Width: 14.00 Width: 14.00 Level: First Bedroom 4 Length: 16.00 Length: 16.00 Width: 11.00 Width: 11.00 Level: First Bedroom 5 Length: 14.00 Length: 14.00 Width: 11.00 Width: 11.00 Level: First Great Room Length: 22.00 Length: 22.00 Width: 15.00 Width: 15.00 Level: First Remarks: Dining room/loggia Laundry

Listing Office: The Corcoran Group

Last Updated: January - 12 - 2026

550 Island Drive, Palm Beach, FL 33480- MLS# R10025139

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