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
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