$25,400,000
SOLD JAN 8, 2025

550 Island Dr Palm Beach, FL 33480

6 Beds
5.5 Baths
4,890 Sq Ft
0.55 Acres

Recently Sold

$5,194 Per Sq Ft

2% Above List Price

21 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Greenhouse
  • Wood Flooring
  • Palm Beach Public School Rated A-
  • Heated Pool
  • Fireplace

About This Home

As of January 2025

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:

Last Agent to Sell the Property

Liza Pulitzer

Brown Harris Stevens of PB License #538250

Brown Harris Stevens of PB

Co-Listed By

Whitney McGurk

Brown Harris Stevens of PB License #3336039

Last Buyer's Agent

JIM McCANN

Premier Estate Properties, Inc License #397290

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $118,456

Year Built

  • Built in 1955

Lot Details

  • 0.55 Acre Lot
  • Property fronts an intracoastal waterway
  • Property is zoned R-B(ci

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 4,890 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Wood Flooring
  • Intracoastal Views
  • Dryer

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Heated Pool
  • Patio
  • Greenhouse

Utilities

  • Central Heating and Cooling System

Community Details

  • Everglades Island 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434327030000361

Home Details

Home Type

Single Family

Est. Annual Taxes

$118,456

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1955
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Fireplace
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Wood
  • Living Area: 4890.0
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Greenhouse
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434327030000361
  • Lot Size: 150.0 ft x 159.0 ft
  • Lot Size Sq Ft: 23962.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 118456.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 Sold $25,400,000 +2.0% $5,194 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $24,900,000 +176.7% $5,092 / Sq Ft
06/18/2014 06/18/14 Sold $9,000,000 0.0% $2,034 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $9,000,000 -- $2,034 / Sq Ft
Source: BeachesMLS

Similar Homes in Palm Beach, FL

  • 218 El Brillo Way, Palm Beach, FL 33480

    $23,900,000

    • 6 Beds
    • 6 Baths
    • 4,993 Sq Ft
    • 218 El Brillo Way
    • Palm Beach, FL

    Prestigious Estate Section, South Exposure, Classic Monterey-Style 6 BD,4.2 BA plus office, and family room. Built by Gustav Maass in 1950 situated on a glorious, lushly landscaped, 22,888 sq. ft. lot. This gracious center-hall home has a formal living room with fireplace, formal dining room, covered loggia overlooking expansive gardens, and a fabulous 24 x 17 sq. ft. family/media room

    Linda R Olsson Linda R. Olsson Inc.

    Section Image
  • 218 Seabreeze Ave, Palm Beach, FL 33480

    $25,000,000

    • 4 Beds
    • 5.5 Baths
    • 4,653 Sq Ft
    • 218 Seabreeze Ave
    • Palm Beach, FL

    Discover this exquisite West Indies-style home, built and finished by Leeds Custom Design, and nestled on a picturesque 1/3-acre lot. An inviting open great room welcomes you, featuring a dual-sided fireplace that elegantly connects to the dining area. The kitchen is a culinary dream, showcasing a state-of-the-art Wentworth kitchen with Wolf, Sub-Zero, and Miele appliances, along with a large

    Rachel Shapiro William Raveis Real Estate

    Section Image
  • 142 Via Palma, Palm Beach, FL 33480

    $18,950,000

    • 4 Beds
    • 6 Baths
    • 4,915 Sq Ft
    • 142 Via Palma
    • Palm Beach, FL

    Welcome to 142 Via Palma. This elegant residence is an entertainer's paradise located just steps to Mar-a-Lago in the exclusive estate section enclave of Palm Beach Island. Nestled intimately in between the ocean and intracoastal with deeded beach access, Via Palma is a broad private street, recently upgraded with a lovely view of the Intracoastal and an easement for resident's use. This gracious

    Margit Brandt Premier Estate Properties, Inc

    Section Image
  • 150 Kings Rd, Palm Beach, FL 33480

    $19,500,000

    • 5 Beds
    • 5.5 Baths
    • 6,823 Sq Ft
    • 150 Kings Rd
    • Palm Beach, FL

    Welcome to an exquisite estate built in 2017. This luxurious home spans 6,823 sq ft and offers 5 beds and 6.5 baths, all crafted with elegance and attention to detail. Step into a world of sophistication with a spacious living area filled with natural light and high ceilings. The gourmet kitchen, equipped with top-of-the-line appliances, is perfect for culinary enthusiasts and entertaining.

    Kristen Gerhard Compass Florida, LLC

    Section Image
  • 210 Wells Rd, Palm Beach, FL 33480

    $25,500,000

    • 6 Beds
    • 7.5 Baths
    • 5,467 Sq Ft
    • 210 Wells Rd
    • Palm Beach, FL

    Beautifully reimagined 6BR/7.1BA estate situated on the South Side of Wells Road. Stunning renovation completed in 2024. The front entry opens to the breathtaking and serene courtyard with beautiful landscaping, covered dining loggia, and swimming pool. Soaring 15' ceilings in most rooms. Charming stone path leads to the welcoming entry foyer with marble slab flooring. Formal dining room with

    Christian Angle Christian Angle Real Estate

    Section Image
  • 110 Wells Rd, Palm Beach, FL 33480

    $21,900,000

    • 5 Beds
    • 7 Baths
    • 4,420 Sq Ft
    • 110 Wells Rd
    • Palm Beach, FL

    Located on one of the most ultra prime, sought after tree-lined streets, this level 5 totally renovated 5/6.1 is only second house from the ocean! Extraordinarily scaled, it boasts high ceilings, stunning finishes, easy flowing floor plan and the most magnificent gardens by Nievera-Williams. Its oversized outdoor loggia is an extension of the generous living areas, and an upper terrace adjoins

    Paulette Koch The Corcoran Group

    Section Image
  • 157 Wells Rd, Palm Beach, FL 33480

    $18,950,000

    • 4 Beds
    • 5 Baths
    • 3,180 Sq Ft
    • 157 Wells Rd
    • Palm Beach, FL

    Rare estate sized lot on the Ocean Block of the renowned Wells Road. Oversized, 29,185 +/- square foot lot. Endless possibilities to restore this glamorous Regency Style Home or build your Palm Beach Dream Home. Structure still on property subject to demolition/teardown.

    Christian Angle Christian Angle Real Estate

    Section Image
  • 255 Emerald Ln, Palm Beach, FL 33480

    $25,495,000

    • 5 Beds
    • 7 Baths
    • 8,200 Sq Ft
    • 255 Emerald Ln
    • Palm Beach, FL

    Introducing 255 Emerald Lane: A Secluded Masterpiece of Unparalleled LuxuryTucked away in a tranquil setting south of the Clubs, this exquisite estate offers the ultimate retreat for the discerning buyer. Enjoy the perfect blend of serenity and convenience, with the beach and bike trail just moments away.This pristine estate boasts an exceptional level of finishes,

    Richard True The Corcoran Group

    Section Image
  • 510 N Lake Way, Palm Beach, FL 33480

    $19,995,000

    • 4 Beds
    • 7 Baths
    • 6,239 Sq Ft
    • 510 N Lake Way
    • Palm Beach, FL

    Elegant two-story British Colonial residence on an oversize lot, close proximity to town with direct Lake Trail access. This home has four bedrooms, six full baths, one half bath, a formal dining room, and a gracious living room and family room offering the perfect entertaining atmosphere inside and outside. A large gourmet eat-in kitchen that leads out to the covered loggia. The expansive

    KEVIN CONDON Sotheby's International Realty, Inc.

    Section Image
See All Homes in Palm Beach

Source: BeachesMLS

MLS Number: R11034636

BeachesMLS

APN: 50-43-43-27-03-000-0361

Florida Palm Beach 33480

550 Island Dr, Palm Beach, FL

Homes for Sale in Palm Beach, FL

This home is located at 550 Island Dr, Palm Beach, FL 33480 and is currently priced at $25,400,000, approximately $5,194 per square foot. This property was built in 1955. 550 Island Dr is a home with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.