Palm Beach, FL·Sold
550 Island Drive
Sold for
$25,400,000
Originally listed at $24,900,000
550 Island Drive, Palm Beach, FL 33480
- 6
- Beds
- 5
- Full Baths
- 1
- Half Baths
- 4,890
- Sq.Ft.
Listing courtesy of Liza Pulitzer, Brown Harris Stevens of PB
Property Description
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: completely rebuilt with no expense spared. The renovation includes a cement slurry roof, all impact windows and doors, a new seawall, boat lift, 2 floating docks and a full house generator just to name a few. The outdoor lighting is exquisite throughout the garden and illuminates the water at night from the seawall. The effect is stunning. This is island living at its best.
Overview
At a glance
- Property Type
- Residential
- Property Sub-Type
- Single Family Residence
- Address
- 550 Island Drive, Palm Beach, FL 33480
- Zoning
- R-B(ci
- MLS ID
- R11034636
- Listing Date
- 2024-11-06
- Last Updated
- 1/13/2026, 12:10:13 AM
- Days on Market
- 20
- Subdivision
- EVERGLADES ISLAND 3
- Stories
- 1
Features & Amenities
The Details
Interior
- Bedrooms
- 6
- Full Bathrooms
- 5
- Half Bathrooms
- 1
- Flooring
- Wood
- Appliances
- Dryer, Disposal, Dishwasher, Free-Standing Freezer, Gas Range, Ice Maker, Microwave, Refrigerator
- Windows
- Storm Window(s)
Exterior
- Construction
- CBS
- Patio & Porch
- Patio - Covered, Patio
- Pool
- Heated
- Parking
- Garage, Attached Garage
- Garage Spaces
- 2
- Cooling
- Central Air
- Heating
- Central
- Security
- Security System Owned
Details
- Building Area
- 6,207 sq.ft.
- Lot Size
- 23,962 sq.ft.
- Lot Size (Acres)
- 0.55 acres
- Subdivision
- EVERGLADES ISLAND 3
- Stories
- 1
- Year Built
- 1955
- View
- Intracoastal
- Waterfront
- Intracoastal
- Direction Faces
- East
- County
- Palm Beach
- Zoning
- R-B(ci
Financial
- List Price
- $24,900,000
- Original List Price
- $24,900,000
- Annual Tax
- $118,456/yr
- Tax Year
- 2023
Location
550 Island Drive, Palm Beach, FL 33480
What’s Nearby
Key Distances
Drive times estimated from straight-line distance
Shopping
Worth Avenue
- 0.5 mi2 min
Landmark
The Breakers
- 1.2 mi4 min
Airport
Palm Beach International Airport
- 3.7 mi8 min
School
Palm Beach Day Academy — Lower School
- 0.5 mi2 min
Shopping
Rosemary Square (CityPlace)
- 1.1 mi4 min
Landmark
Mar-a-Lago Club
- 1.3 mi4 min
Inquire
Request a Private Showing
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Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.