Polo Cove, 566 Palm Way

4
Beds
41/2
Baths
4,456
SqFt
$2,648
$/SqFt
Sold - May 01, 2026
Ultra Luxury House
Built in 1998
Intercoastal View
Waterfront
Ranch
Outdoor Living Area
This totally renovated Bermuda-inspired estate combines architectural refinement, modern amenities, and the serenity of a prime Intracoastal location. Every detail has been thoughtfully designed for comfort, privacy, and effortless waterfront living—making this a truly exceptional Gulf Stream residence. Totally renovated since 2016, this exquisite Bermuda-style home offers 150 feet of direct Intracoastal frontage in the highly sought-after town of Gulf Stream. Tucked away on a quiet cul-de-sac, the property sits across from a private bay, creating a tranquil coastal retreat that perfectly blends privacy, elegance, and the beauty of waterfront living. 566 Palm Way, Gulf Stream, Florida: Established as an exclusive winter resort in the 1920's, Gulf Stream is a hidden gem in the heart of South Florida's fabled Gold Coast. This quiet oceanfront hamlet, prized for exceptional quality of life and historic charm, is served by a winding stretch of Ocean Boulevard, canopied with Australian pines, that has been designated a Historic Scenic Highway. PROPERTY: On a cul-de-sac across the street from a private bay on a beautifully landscaped parcel, an old-brick driveway circles around a verdant oasis to the entry and two-bay garage creating a gracious first impression. In the turf-carpeted hedged backyard, the loggia, with a cypress-wood ceiling, flows out to the salt/chlorination heated pool and spa. Ideal for watersport enthusiasts, this residence fronts 150± feet directly on the Intracoastal with a 110± -foot composite dock. RESIDENCE: Capturing the ease and elegance of a refined lifestyle, this 5,454± total square foot, four-and-a-half-bath Bermuda-style residence, renovated since 2016, abounds with stunning features throughout. Within the sunlit interiors of its well-proportioned rooms, the clean neutral color palette is complemented by handsome hardwood flooring, while volume ceilings with cove lighting augment a sense of spaciousness. Banks of French doors from every major room create a seamless flow between inside and out, offering breathtaking views of the Intracoastal Waterway. Inviting gracious entertaining, the formal living room is anchored by the gas fireplace with a carved stone mantel, which can also be enjoyed from the adjoining dining room. Offering endless potential for family living and more informal gatherings are the open-concept family room, kitchen and breakfast area. A detail in the family room is a built-in bar with a refrigerator. Designed for culinary creation and connection, the gourmet kitchen, with two islands, is finished with high-end appliances, custom cabinetry and quartzite tops and backslashes. A perfect retreat for creative work or peaceful privacy, a handsome paneled library features built-in bookcases and offers views of the front gardens. The primary suite serves as a tranquil sanctuary, with French doors that open to the private water-view pergola. The suite comprises two custom-fitted walk-in closets and a spa-like bathroom, with dual custom wood vanities topped by marble, a glass-enclosed shower with seating, a separate soaking tub and two toilet rooms. Set aside in the opposite wing, a guest bedroom suite also opens to the pool area, while off the foyer, two additional guest bedroom suites offer views of the front gardens. Completing the layout are a half-bath, mud room and laundry room. Amenities include a full house generator, propane gas with 1,000-gallon tank and two air-conditioning systems only two years old. With its private Gulf Stream setting, masterful design and remarkable Intracoastal views, this estate is a place where dreams take root. Breakfast area chandelier excluded from sale. The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.
MLS Number: R11130920
On Site: 343 Days
Updated: 29 Days ago
Page Views: 0

Features

Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 4
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: OutdoorLivingArea
  • View: Intercoastal
Interior, Heating and Cooling
  • Interior Features: BuiltInFeatures, BreakfastArea, Bathtub, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, KitchenIsland, MainLevelPrimary, Storage, SoakingTub, SeparateShower, Bar, WalkInClosets
  • Equipment / Appliances: Dryer, Dishwasher, FreeStandingFreezer, Disposal, GasRange, IceMaker, Microwave, Oven, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Carpet,Marble,Wood
  • Windows/Treatment: StormWindows
  • Year Built: 1998
  • Style: Ranch
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Listing Date: 2025-10-09T13:06:46.000-00:00
    • Directions: East
    • Pets Allowed: NoPetRestrictions, Yes
    Taxes, Fees & More
    • Taxes: 53839
    • Security Information: SecuritySystem
    • Parking Description: Attached, Garage, GarageDoorOpener
    • Total Floors in Building: 1

    Apples-to-Apples Comparables

     Closest-Match Comparables
    See closest-match comps for this subdivision
    No obligation
    Verified
    Trends
    Insights
    Best of Luxury Realty
    Talk to a local advisor
    Licensed advisors answering your questions across Gulf Stream, FL
    01
    Licensed Brokerage
    02
    Local Advisors
    03
    Direct Answers
    Exclusive real estate service partner

    Price History

    Current
    $11.8M
    High
    $13.5M
    Low
    $11.8M
    Total Change
    -12.6%
    $13.7M$12.6M$11.6MOct 25May 26May 26Jun 26
    Date
    Event
    Price
    Change
    Price Per
    06/14/2026
    Sold
    $11.8M
    0%
    $2,648 ft2
    $28,504 m2
    05/01/2026
    Price Reduced
    $11.8M
    0%
    $2,648 ft2
    $28,504 m2
    05/04/2026
    Price Reduced
    $11.8M
    -12.56%
    $2,648 ft2
    $28,504 m2
    10/09/2025
    Listed
    $13.5M
     
    $3,029 ft2
    $32,599 m2
    06/14/2026
    $11.8M
    Event
    Sold
    Change
    0%
    Price Per
    $2,648 ft2
    $28,504 m2
    05/01/2026
    $11.8M
    Event
    Price Reduced
    Change
    0%
    Price Per
    $2,648 ft2
    $28,504 m2
    05/04/2026
    $11.8M
    Event
    Price Reduced
    Change
    -12.56%
    Price Per
    $2,648 ft2
    $28,504 m2
    10/09/2025
    $13.5M
    Event
    Listed
    Price Per
    $3,029 ft2
    $32,599 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listing Location & Street View
    MapStreet View

    Peer Listings

    Active listings from matched communities
    Results 0 of 0
    No listings found
    Try adjusting your filters or changing your location to see available listings
    Turn on listing alerts and we'll notify you
    when matching listings appear

    Scores

    Walk Score®
    Car-Dependent. Almost all errands require a car
    19

    100
    Bike Score®
    Somewhat Bikeable. Minimal bike infrastructure
    45

    100
    Sound Score®
    Bearable noise
    78

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    29

    100
    Local Score
    Limited local amenities nearby
    0

    100
    Community Snapshot
    4,456 - 4,550
    SqFt Range
    1998
    Year Build
    2
    Total Floors

    Subdivision Amenities

    None

    Gulf Stream
    Ultra Luxury
    Ultra Luxury Homes & Condos