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550 Island Drive, Palm Beach, FL 33480

$28,500,000
Property Type: Residential Bedrooms: 7 Baths: 5 Square Footage: 4,922 Status: Active
Current Price: $28,500,000 Last Modified: 4/03/2024

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.

More Information MLS# RX-10884124

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

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Listing Office: Brown Harris Stevens of PB (Wo
Last Updated: April - 03 - 2024
550 Island Drive, Palm Beach, FL 33480- MLS# RX-10884124
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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