Home in 748 Island Drive, Palm Beach, FL 33480 for sale with MLS# R11103870

Only property available on Everglade Island. Long open water views on the quiet east side of Everglades Island. Positioned just two lots from the southern tip, this home offers extraordinary views across to Palm Beach's estate section. Enjoy sunrises and shimmering water vistas from your future dock--already approved for a generous 614 sq ft structure with two boat lifts and quick access to deep water. Whether you're an avid boater or simply seeking serenity, this location delivers unmatched beauty and convenience. The existing home is in excellent condition and features a high-ceilinged, light-filled living room that spans the eastern side of the house, perfectly framing the breathtaking water views. The house can be updated or enjoyed as-is while you design a spectacular new residence. Offered for the first time in nearly 50 years, this is a truly special waterfront property in one of Palm Beach's most exclusive enclaves. The Everglades Island neighborhood also benefits from private security patrols, ensuring peace of mind and privacy.

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748 Island Drive, Palm Beach, FL 33480

Price
Price:
$29,750,000.00
Original List Price:
$32,000,000.00
List Price per Sq Ft (Calculated, Approx.):
$6,358.03
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
Price Reduced
Last Major Update on:
March 31, 2026 8:28 pm
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
5
Full Bath:
5
Room Type:
Kitchen, Living Room, Master Bedroom
Rooms Total:
3
Measures
Living Area:
4,153 Sqft
Built-Up Area:
5,033 Sqft
Lot Size Dimensions and Info:
100.0 ft x 210.0 ft
Building Area Source:
Public Records
Lot Size Acres:
0.48
Property Features
Waterfront:
Yes
Waterfront Features:
Intracoastal
Private Pool
Furnished:
Unfurnished
Heating
Heating System:
Other
Property Entrance Faces:
West
Construction
Year Built:
1952
Roof:
Other
Levels:
Two
Construction Materials:
CBS
Flooring:
Other
Number of stories:
1
Structure Type:
House
Stories:
1
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$136,494.00
Tax Year:
2024
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
2
Covered Spaces:
2
Parking Features:
Garage
Utilities
Utilities Available:
Cable Available
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
EVERGLADES ISLAND 2
Senior Community:
No
Restrictions:
No Restrictions
Terms
Listing Terms Considered by Seller:
Cash
Zoning and Legal
Tax Legal Description:
PL NO 2 EVERGLADES ISLAND LT 88
Real Estate Folio Number (Parcel Number):
50434327020000880
Zoning:
R-B(ci
Listing History
Active on the market since:
March 31, 2026
Listing Agreement executed on:
July 1, 2025
Price change occurred on:
March 31, 2026 8:28 pm
Listing Status Last Changed On:
March 31, 2026 8:28 pm
Photos updated on:
March 31, 2026 7:14 pm
Last Modified:
March 31, 2026 8:29 pm
Additional Information
Courtesy of:
Sotheby's Intl. Realty, Inc.
Attribution:
Not provided
Location
Street Name:
Island
Street Number:
748
City:
Palm Beach
State:
Florida
Zip Code:
33480
County:
Palm Beach
Latitude:
N26° 41' 24.5''
Longitude:
W81° 57' 24.1''
Street Suffix:
Drive
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $151,121
Median Home Value $1,218,500
Median Rent $1,840/mo
Median Age 69
Population 10,901

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This listing can also be located in the MLS system as RX-11103870
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed by the MLS or the real estate broker. ©2026 BeachesMLS, Inc. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.