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550 Island Drive, Palm Beach, FL 33480

$25,400,000
Property Type: Residential Bedrooms: 6 Baths: 5.1 Square Footage: 4,890 Status: Closed
Current Price: $25,400,000 Last Modified: 1/08/2025

Description

BEAUTIFULLY REIMAGINED: This Bermuda gem evokes an island lifestyle and ambiance which is ideal for families and entertaining. The interior has been beautifully reimagined and is now in total harmony with the tropical gardens that surround the house. The home is the epitome of ''Palm Beach Chic'' in the truest sense. Architectural elements include soaring pickled wood ceilings throughout the house, outdoor covered loggias with a fireplace and an infinity pool which all create a magical setting overlooking 150' of water frontage. There is a separate pool house positioned alongside the water which consists of a large living room with vaulted ceilings, bedroom, bathroom, morning bar and outdoor gazebo for ''alfresco'' dining. The house was taken down to the studs in 2016 and SEE MORE:

Supplements: completely rebuilt with no expense spared. The renovation includes a cement slurry roof, all impact windows and doors, a new seawall, boat lift, 2 floating docks and a full house generator just to name a few. The outdoor lighting is exquisite throughout the garden and illuminates the water at night from the seawall. The effect is stunning. This is island living at its best.

More Information MLS# RX-11034636

Contract Information

Auction: No List Price/SqFt: 5092.02 Listing Date: 2024-11-06 Status: Closed Original List Price: 24900000 Sold Price: $25,400,000 Current Price: $25,400,000

General Property Description

Governing Bodies: None Main Level Bedrooms: 6 Main Level Bathrooms: 5 Property Condition: Resale Lot Dimensions: 150.0 ft x 159.0 ft SqFt - Total: 6207 Waterfront: Yes SqFt Source: Other Gated Community: No Covered Spaces: 2 Homeowners Assoc: None Pets Allowed: Yes Pets on Premises: No Front Exp: East Association Deposit: No Membership Fee Required: No Private Pool: Yes Type: Single Family Detached Total Bedrooms: 6 Baths - Full: 5 Baths - Half: 1 Baths - Total: 5.1 Year Built: 1955 SqFt - Living: 4890 Garage Spaces: 2 Subdivision: EVERGLADES ISLAND 3 Legal Desc: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38 Lot SqFt: 23962 Total Floors/Stories: 1

Location, Tax & Legal

Geo Area: PB30 Country: United States State/Province: FL HOPA: No Hopa Short Sale: No Tax Year: 2023 Zoning: R-B(ci Short Sale A/U: N/A Short Sale Addendum: No Taxes: 118456 Special Assessment: No REO: No Area: 5003 County: Palm Beach Parcel ID: 50434327030000361 Street #: 550 Street Name: Island Street Suffix: Drive Zip Code: 33480 Geo Lat: 26.697159 Geo Lon: -80.043274

Office/Member Info

DXORIGMLNO: RX-11034636 DXORIGMLSID: RML

Status Change Info

Terms of Sale: Cash Sold Price/SqFt: 5194.27 Under Contract Date: 2024-11-26 Sold Date: 2025-01-08 Sold Price: $25,400,000

Construction

CBS: 1

Master Bedroom/Bath

None: 1

View

Intracoastal: 1

Rooms

None: 1

Waterfront Details

Intracoastal: 1

Lot Description

1/2 to < 1 Acre: 1

Equip/Appl Included

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Maker: 1 Microwave: 1 Range - Gas: 1 Refrigerator: 1

Private Pool Description

Heated: 1

Cooling

Central: 1

Heating

Central: 1

Exterior Features

Cabana: 1 Covered Patio: 1 Green House: 1

Furnished

Unfurnished: 1

Interior Features

Fireplace(s): 1

Flooring

Wood Floor: 1

Utilities

Electric: 1

Parking

Garage - Attached: 1

Restrict

None: 1

Security

Security Sys-Owned: 1

Roof

Other: 1

Subdiv. Amenities

None: 1

Boat Services

Private Dock: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1

Window Treatments

Hurricane Windows: 1 Impact Glass: 1

Storm Protection

Impact Glass: Partial

Taxes

Homestead: 1

Contingencies

None: 1

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Property Features

Construction: CBS View: Intracoastal 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) Furnished: Unfurnished Rooms: None Parking: Garage - Attached Restrict: None Security: Security Sys-Owned Flooring: Wood Floor Heating: Central Cooling: Central Roof: Other Boat Services: Private Dock Terms Considered: Cash; Conventional Utilities: Electric Window Treatments: Hurricane Windows; Impact Glass Taxes: Homestead Possession: At Closing Contingencies: None

Room Information

Living Room Length: 0.00 Width: 0.00 Length: 0.00 Level: Main Width: 0.00 Kitchen Length: 0.00 Width: 0.00 Length: 0.00 Level: Main Width: 0.00 Master Bedroom Length: 0.00 Width: 0.00 Length: 0.00 Level: Main Width: 0.00
Listing Office: Brown Harris Stevens of PB
Last Updated: January - 08 - 2025
550 Island Drive, Palm Beach, FL 33480- MLS# RX-11034636
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