$32,000,000

748 Island Dr Palm Beach, FL 33480

Estimated payment $189,410/month

Total Views 7,144
0.48 Acre
$66,666,667 Price per Acre
20,909 Sq Ft Lot

About This Lot

Bring your boat, build your dream. Nearly one-half acre looking over open water east to the estate section on the quiet south end of Everglades Island. Approval received for a large 614 sqft dock with two boat lifts. The property is the second from the southern tip of Everglades Island with easy access to deep water and spectacular long views down the Intracoastal. The current home is in excellent condition. It could easily be updated or enjoyed as is while a buyer makes plans to build something spectacular and new. A high-ceilinged living room runs length-wise along the east side of the house, bathed in light, with beautiful views to the water. This is a very special property, on the market for the first time in almost 50 years.

Listing Agent

John Cregan

Sotheby's International Realty, Inc. License #3439962

Sotheby's International Realty, Inc.

Co-Listing Agent

Lisa Cregan

Sotheby's International Realty, Inc. License #SL-3389810

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $133,767

Year Built

  • 1952

Lot Details

  • 0.48 Acre Lot
  • Property fronts an intracoastal waterway
  • Home has sun exposure from multiple directions
  • Property is zoned 50- Rb - Rb (50-Palm Beach)

Property Views

  • Water Views

Utilities

  • Electricity To Lot Line
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 50434327020000880

Community Details

Overview

  • Everglades Island Subdivision

Recreation

  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$133,767

Year Built

1952

Lot Details

0

Listing Details

  • Property Sub Type: Single Family/Residential Estate
  • Prop. Type: Land
  • Lot Size Acres: 0.48
  • Subdivision Name: Everglades Island
  • Directions: Take S County south from Worth Ave, make a right onto Island Road, then left after crossing the bridge on to Island Drive. House is on your left at end of the island.
  • Location Tax Legal:Zoned: 50- Rb - Rb (50-Palm Beach)
  • Location Tax Legal:Taxes2: 133766.51
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Waterfront: Yes
  • General Property Description:Lot Dim (1): 100
  • General Property Description:Lot SqFt: 20909
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Exposure:East: Yes
  • Exposure:West: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Land Improvements:Electric at Site: Yes
  • Land Improvements:Water Available: Yes
  • Street Type:Paved: Yes
  • WaterSewer:City Water at Site: Yes
  • WaterSewer:Sewer at Site: Yes
  • Land Improvements:Gas Available: Yes
  • Land Improvements:Sewer Available: Yes
  • Miscellaneous:Waterview: Yes
  • Miscellaneous:SeawallBulkhead: Yes
  • Special Features: None
  • Year Built (Public Record): 1952

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Waterfront Features: Intracoastal-Direct
  • Waterfront: Yes

Utilities

  • Utilities: Electric at Site, Sewer Available, Water Available, Natural Gas Available
  • Water Source: City Water at Site, Sewer at Site

Lot Info

  • Lot Size Sq Ft: 20909.0
  • Parcel #: 50434327020000880
  • Zoning: 50- Rb - Rb (50-Palm Beach)
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 133766.51
  • Tax Year: 2023

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $136,494 $9,210,266 -- --
2023 $133,767 $8,942,006 $0 $0
2022 $135,216 $8,681,559 $0 $0
2021 $137,931 $8,428,698 $0 $0
2020 $138,453 $8,312,325 $0 $0
2019 $138,183 $8,124,095 $7,920,000 $204,095
2018 $136,287 $8,248,971 $8,057,102 $191,869
2017 $126,790 $7,493,144 $7,460,280 $32,864
2016 $131,035 $7,500,652 $0 $0
2015 $124,586 $6,840,696 $0 $0
2014 $123,022 $6,545,933 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 For Sale $32,000,000 0.0% $7,705 / Sq Ft
11/26/2024 11/26/24 For Sale $32,000,000 -- --
Source: Palm Beach Board of REALTORS®

Source: Palm Beach Board of REALTORS®

MLS Number: 24-1790

APN: 50-43-43-27-02-000-0880