• Bedrooms
  • Full Baths
  • Half Baths
  • Rooms
  • Year Built
  • Acres

Offered at$24,900,000
550 Island Drive   Palm Beach, FL 33480

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.

Property Details

  • Area: 5003
  • Bathrooms (Full): 5
  • Bathrooms (Half): 1
  • Bedrooms Total: 6
  • Building Area Total: 6207
  • Community: PB30
  • Construction Materials: Block
  • County: Palm Beach
  • Levels: One
  • Listing Status: Closed
  • MLS #: R11034636
  • Neighborhood: PB30
  • Pool Features: Heated, Private
  • Private Pool: Yes
  • Property Type: Residential - Single Family Residence
  • Security Features: Security System Owned
  • Stories: 1
  • Total Stories: 1
  • Year Built: 1955

Amenities

  • Pets Allowed: Yes
  • Subdivision: EVERGLADES ISLAND 3
  • Utilities: Electricity Available
  • Waterfront Listing: Yes
  • Zoning: R-B(ci
  • Zoning Description: R-B(ci

Taxes and Fees

  • Annual Taxes: $118,456

Additional Highlights

  • Appliances: Dryer, Dishwasher, Free-Standing Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator
  • Attached Garage: Yes
  • Cooling: Yes - Central Air
  • Covered Spaces: 2
  • Faces Direction: East
  • Fireplace: Yes
  • Flooring: Wood
  • Furnished: Unfurnished
  • Garage: Yes
  • Garage Spaces: 2
  • Heating: Yes - Central
  • Lot Features: Waterfront
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 6
  • Other Structures: Cabana, Greenhouse
  • Parking Features: Attached, Garage
  • Patio and Porch Features: Covered, Patio
  • Total Rooms: 3
  • View: Yes - Water
  • Window Features: Storm Window(s)

Location

550 Island Drive, Palm Beach, FL 33480
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550 Island Drive

Contact Us

Liza Pulitzer

Liza Pulitzer

Senior Realtor Associate
Whitney McGurk

Whitney McGurk

Senior Realtor Associate