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550 Island Drive, Palm Beach, FL – $28,500,000

  • 7 Beds
  • 5 Baths
  • 4,922 Sqft
  • .55 Acres
  • 7 Beds
  • 5 Baths
  • 4,922 Sqft
  • .55 Acres

550 Island Drive

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.

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Essential Information

  • MLS® #RX-10884124
  • Price$28,500,000
  • Bedrooms7
  • Bathrooms5.00
  • Full Baths5
  • Square Footage4,922
  • Acres0.55
  • Year Built1955
  • TypeResidential
  • 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

  • Listing Courtesy ofBrown Harris Stevens of PB (Wo
  • Date ListedApril 24th, 2023
  • ZoningRB
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Price Change History for 550 Island Drive, Palm Beach, FL (MLS® #RX-10884124)

Date Details Change
Price Reduced from $32,500,000 to $28,500,000 $4,000,000 (12.31%)
Price Reduced from $34,900,000 to $32,500,000 $2,400,000 (6.88%)
Price Reduced from $39,000,000 to $34,900,000 $4,100,000 (10.51%)

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