House in Palm Beach, FL 33480Phipps Plaza, 224 Phipps Plz
Closed






$5,000,000
$2M3
Beds31/2
Baths2,145
SqFt$2,331
$/SqFtUltra Luxury HouseProperty Type
1938Year Built
$2,331/SqFtPrice per sq ft
1 carParking Spaces
GardenView
TraditionalStyle
Tucked away in the heart of Palm Beach, this quintessential island bungalow is a rare jewelbox, offering privacy, charm, and effortless indoor-outdoor living. Framed by lush tropical landscaping, the property unfolds as a serene retreat just moments from the Town's finest beaches, dining, and shopping. The main residence features two bedrooms and two-and-a-half bathrooms, highlighted by soaring ceiling heights and an abundance of natural light that creates an airy, relaxed atmosphere throughout. Thoughtfully designed living spaces flow seamlessly to multiple coquina patio areas, perfect for alfresco dining, entertaining, or quiet moments surrounded by nature. SEE MORE... A one-bedroom guest house sits above the one-car garage, providing ideal accommodations for visitors or a private office or studio. Each historic structure is embraced by verdant gardens, enhancing the sense of seclusion and timeless Old Palm Beach elegance. This enchanting property captures the essence of classic Palm Beach living an idyllic tropical sanctuary in an unparalleled central location. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 294 DaysUpdated: 134 Days agoPage Views: 0
Features
MLS Number: R11157224
Bedrooms
- Bedrooms: 3
Bathrooms
- Bathrooms: 3
- Half Bathrooms: 1
Exterior and Lot Features
- Exterior Features: OutdoorLivingArea
- View: Garden
Interior, Heating and Cooling
- Interior Features: EatInKitchen, None, SeparateShower
- Equipment / Appliances: Dryer, Dishwasher, FreeStandingFreezer, GasRange, Oven, Refrigerator, Washer
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Carpet
- Windows/Treatment: DoubleHung,Metal
- Construction Type: House
- Year Built: 1938
- Style: Traditional
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
- Elementary School: Palm Beach Public
- Middle School: Conniston Community
- Senior High School: Forest Hill
Other Property Info
- Garage: 1
- Listing Date: 2026-01-23T13:08:56.000-00:00
- Directions: North
- Pets Allowed: SizeLimit,Yes
Taxes, Fees & More
- Taxes: 22634
- Security Information: None
- Parking Description: Detached,Garage
- Total Floors in Building: 1
Apples-to-Apples Comparables
Price History
Current
$5M
High
$6.5M
Low
$5M
Total Change
-23%Date
Event
Price
Change
Price Per
06/30/2026
Sold
$5M
0%$2,331 ft2
$25,091 m2
04/29/2026
Price Reduced
$5M
-9.09%$2,331 ft2
$25,091 m2
04/29/2026
Price Reduced
$5.5M
0%$2,564 ft2
$27,600 m2
04/29/2026
Price Reduced
$5.5M
-6.78%$2,564 ft2
$27,600 m2
04/10/2026
Price Reduced
$5.9M
-9.16%$2,751 ft2
$29,607 m2
01/27/2026
Listed
$6.5M
$3,028 ft2
$32,593 m2
06/30/2026
$5M
Event
Sold
Change
0%Price Per
$2,331 ft2
$25,091 m2
04/29/2026
$5M
Event
Price Reduced
Change
-9.09%Price Per
$2,331 ft2
$25,091 m2
04/29/2026
$5.5M
Event
Price Reduced
Change
0%Price Per
$2,564 ft2
$27,600 m2
04/29/2026
$5.5M
Event
Price Reduced
Change
-6.78%Price Per
$2,564 ft2
$27,600 m2
04/10/2026
$5.9M
Event
Price Reduced
Change
-9.16%Price Per
$2,751 ft2
$29,607 m2
01/27/2026
$6.5M
Event
Listed
Price Per
$3,028 ft2
$32,593 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Cara McClure • Douglas Elliman • Buyer Agency Compensation .
Community Snapshot
2,145 - 3,782
SqFt Range
1940
Year Build
2
Total Floors
Subdivision Amenities
None
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