Home » Palm Beach » 550 Island Drive, Palm Beach, FL 33480 | R11034636/RX-11034636

For Sale 550 Island Drive, Palm Beach, FL 33480

$24,900,000

Property Highlights

Listing ID R11034636/RX-11034636 Status of this Listing: Pending (An offer has been accepted) For Sale Property Type Residential Single Family House 6 Bedrooms 6 Bathrooms Total 5 Full Bath 1 Half Bath Living Space 4,890 Sqft/454.30 m2 approx. Building Area 6,207 Sqft/576.65 m2 approx. Lot area 23,962 Sqft/2226.14 m2 approx. The property features a private pool Year Built 1955 Waterfront Time of this property on Rebonus 31 Day(s)

550 Island Drive, Palm Beach, FL 33480

Property 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:

Residential Single Family House For Sale located at 550 Island Drive Palm Beach FL 33480 in Palm Beach referenced as ID MLS # R11034636. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:No Contingencies
Original List Price:$24,900,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Property Condition:
  • Resale
Construction Materials:
  • Block
Flooring:
  • Wood
Number of stories:1

Property Features

View from the Property:
  • Intercoastal
Waterfront:Yes
Waterfront Features:
  • Intracoastal Access
Private Pool:Yes
Swimming Pool Features:
  • Heated
  • Pool
Security:
  • Security System
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Gas Range
  • Ice Maker
Interior Features:
  • Fireplace
Exterior Features:
  • Patio
Patio and Porch Features:
  • Patio
Roof:
  • Other
Window Features:
  • Impact Glass
Other Structures:
  • Greenhouse
Fireplace:Yes
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$118,456

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Other
Subdivision Name:EVERGLADES ISLAND 3
Community Features:
  • Non-gated
Complex Name:EVERGLADES ISLAND 3
Senior Community:No
Restrictions:No Restrictions

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Garage
  • Attached

Utilities

Utilities Available:
  • Electricity Available

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11034636
Type of Governing BodiesNo Governing Body
Ref1093708158

Zoning and Legal

Tax Legal Description:EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38
Real Estate Folio Number (Parcel Number):50434327030000361
Zoning Description:R-B(ci

Listing History

Update/EventDate/Days
Published Date:November 6, 2024 12:49 pm
On Market Date:November 6, 2024
Listing Contract Date:November 6, 2024
Contingent Date:November 26, 2024
Last Important Update Description:Pending (An offer has been accepted)
Date and Time of Last Important Update:November 27, 2024 8:20 am
Status Last Changed:November 27, 2024 12:00 am
Photos Last Modified:November 7, 2024 1:56 am
Last Modified:November 27, 2024 2:32 pm
Days on the Market Reference Date:November 27, 2024
Days on the Market (updated on Last Modified*):20
Cumulative Days on the Market (updated on Last Modified**):20

Additional Information

Lot Size Range:,
Number of Photos:18
Location:,
Included:,,
Geographical Area:Palm Beach 5001; 5002; 5003; 5004
Area:5003
Automated Valuation Display:Yes
Courtesy of:Brown Harris Stevens of PB
Universal Property Id:US-12099-N-50434327030000361-R-N

Location

Show Property Address:Yes
Street Name:Island Drive
Street Number:550
Street Address:550 Island Drive
City : Palm Beach
State : Florida
Zip Code : 33480
County : Palm Beach
Full Address:550 Island Drive, Palm Beach, FL 33480
Latitude:N26° 41' 49.8''
Longitude:W81° 57' 24.2''

Neighborhood

Postal City:Palm Beach

Property Map

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