550 Island Drive, Palm Beach

$28,500,000

7 Beds
5 Baths
4,922 Sqft
.55 Acre
2 Garages

The Epitome of Palm Beach Chic on Everglades Island. This house is a true Bermuda style house with 150 feet of direct waterfront. Most ceilings are vaulted with pickled wood to create a sophisticated island atmosphere. There are multiple outdoor living spaces surrounding the infinity pool including a covered loggia with a fireplace. The magical garden has been beautifully maintained and provides total privacy throughout. The main house consists of 5 bedrooms and there is a separate guest house overlooking the water with 2 bedrooms. The structures were completely renovated in 2016 with no expense spared. Amenities include a full house generator, 2 car garage, a boatlift and one floating dock along with a new seawall. This is Island living at its best.

Essential Information
MLS® #RX-10884124
Price$28,500,000
Bedrooms7
Bathrooms5.00
Full Baths5
Square Footage4,922
Square FootageOther
Acres0.55
Year Built1955
TypeSingle Family
Sub-TypeSingle Family Homes
StatusActive
Community Information
Address550 Island Drive
Area5003
SubdivisionEVERGLADES ISLAND 3
CityPalm Beach
CountyPalm Beach
StateFL
Zip Code33480
Amenities
AmenitiesNone
Utilities3-Phase Electric
ParkingGarage - Attached
# of Garages2
Is WaterfrontYes
WaterfrontIntracoastal Front
Has PoolYes
PoolHeated
Interior
Interior FeaturesFireplace(s)
HeatingCentral
CoolingCentral
FireplaceYes
# of Stories1
Stories1.00
Appliances

Dryer, Dishwasher, Microwave, Freezer, Range - Gas

Exterior
Lot Description1/2 to < 1 Acre
RoofOther
ConstructionCBS
Exterior Features

Covered Patio, Cabana, Green House

Additional Information
Date ListedApril 24th, 2023
Days on Market373
ZoningRB
HOA Fees0.00
Listing Details
OfficeBrown Harris Stevens of PB (Wo
Property History
Price Reduced from $32,500,000 to $28,500,000
Price Reduced from $34,900,000 to $32,500,000
Price Reduced from $39,000,000 to $34,900,000
Status Changed from New to Active
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Listing information last updated on May 5th, 2024 at 12:45am EDT.