Closed

Everglades Island, 550 Island Dr, Palm Beach, FL 33480

$25,400,000
6Beds
51/2Baths
4,890SqFt

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Details

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Status:
Sold - Jan 08, 2025
Parking: 2
Size: 4,890 SqFt (454 m2)
Price: $5,194/SqFt ($55,911/m2)
Type: Single Family Home
Built: 1955
MLS Number: R11034636
View: Intercoastal
On Site: 280 Days
Updated: 217 Days ago
Page Views: 0
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:
Features
Bedrooms
  • Bedrooms: 6
Bathrooms
  • Bathrooms: 5
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Patio
  • View: Intercoastal
Interior, Heating and Cooling
  • Interior Features: Fireplace
  • Equipment / Appliances: Dryer, Dishwasher, Disposal, GasRange, IceMaker, Microwave, Refrigerator
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Wood
  • Windows/Treatment: ImpactGlass
  • Year Built: 1955
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2024-11-06T12:49:20.000-00:00
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Taxes: 118456
    • Security Information: SecuritySystem
    • Parking Description: Attached,Garage
    • Total Floors in Building: 1

    Price History

    01/08/2025

    Date

    Sold

    Event

    $25.4M

    Price

    2.01%

    Change Rate

    $5,194 ft2 / $55,911 m2

    Price Per

    11/06/2024

    Date

    Listed

    Event

    $24.9M

    Price

    $5,092 ft2 / $54,811 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Liza PulitzerBrown Harris Stevens of PB • Buyer Agency Compensation .

    Instant Comps

    $5,000/ft²
    $5,100/ft²
    $5,200/ft²
    $5,400/ft²

    Unit 550 Island Dr – Asking

    $5,194/ft²

    (0%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $5,217/ft²
    Community $/Price Range (Closed) $5194/ft² – $5240/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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