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Sold for $5,000,000
  • $5,000,000

    224 Phipps Plz, Palm Beach, FL 33480

    3beds
    2,145sqft
    Single Family Residence, Residential
    Built in 1938
    5,662 Square Feet Lot
    $5,019,000 Zestimate®
    $2,331/sqft
    $36,444 Estimated rent

    Home value

    $5,019,000

    $4.52M - $5.57M

    $36,444/mo

    Zestimate® history
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    What's special

    Quintessential island bungalowTwo-and-a-half bathroomsAbundance of natural lightTwo bedroomsSoaring ceiling heightsAiry relaxed atmosphereMultiple coquina patio areas
    Tucked away in the heart of Palm Beach, this quintessential island bungalow is a rare jewelbox, offering privacy, charm, and effortless indoor-outdoor living. Framed by lush tropical landscaping, the property unfolds as a serene retreat just moments from the Town's finest beaches, dining, and shopping. The main residence features two bedrooms and two-and-a-half bathrooms, highlighted by soaring ceiling heights and an abundance of natural light that creates an airy, relaxed atmosphere throughout. Thoughtfully designed living spaces flow seamlessly to multiple coquina patio areas, perfect for alfresco dining, entertaining, or quiet moments surrounded by nature. A one-bedroom guest house sits above the one-car garage, providing ideal accommodations for visitors or a private office or studio. Each structure is embraced by verdant gardens, enhancing the sense of seclusion and timeless Old Palm Beach elegance. This enchanting property captures the essence of classic Palm Beach livingan idyllic tropical sanctuary in an unparalleled central location. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.

    Zillow last checked:

    Listing updated:

    Listed by:

    CARA CONIGLIO McCLURE 561-324-0896,

    Douglas Elliman,

    LISA HAISFIELD WILKINSON 561-723-9500

    Bought with:

    CARA CONIGLIO McCLURE, SL-3177951

    Douglas Elliman

    Source: Palm Beach BOR,MLS#: 26-154

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Main
    • Area: 240
    • Dimensions: 16 x 15
    Bedroom 2
    • Level: Main
    • Area: 208
    • Dimensions: 16 x 13
    Other
    • Level: Second
    • Area: 196
    • Dimensions: 14 x 14
    Kitchen
    • Level: Main
    • Area: 143
    • Dimensions: 13 x 11
    Living room
    • Level: Main
    • Area: 294
    • Dimensions: 21 x 14
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Freezer, Gas Range, Dishwasher, Washer, Dryer, Oven
    Features
    • Flooring: Tile, Carpet
    • Windows: Double Hung
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 2,500
    • Total interior livable area: 2,145 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached, Air Conditioned
    • Garage spaces: 1
    Features
    • Levels: One
    • Patio & porch: Patio
    • Exterior features: Sprinkler System
    • Pool features: None
    • Fencing: Back Yard
    • Waterfront features: None
    Lot
    • Size: 5,662 Square Feet
    • Dimensions: 68
    Details
    • Additional structures: Guest House
    • Parcel number: 50434322090000041
    • Zoning: R-C - Medium Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Concrete, Stucco
    • Roof: Other
    Condition
    • Year built: 1938

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Security: No Security
    • Subdivision: Plaza Pl
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $2,331/sqft
    • Tax assessed value: $4,874,745
    • Annual tax amount: $22,634
    • Date on market: 1/23/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/30/2026Sold$5,000,000-9.1%$2,331/sqft
    Source: Palm Beach BOR #26-154 Report a problem
    5/11/2026Pending sale$5,500,000$2,564/sqft
    Source: Palm Beach BOR #26-154 Report a problem
    4/29/2026Price change$5,500,000-6.8%$2,564/sqft
    Source: BeachesMLS #R11157224 Report a problem
    3/27/2026Price change$5,900,000-9.2%$2,751/sqft
    Source: Palm Beach BOR #26-154 Report a problem
    1/23/2026Listed for sale$6,495,000+1199%$3,028/sqft
    Source: Palm Beach BOR #26-154 Report a problem
    8/20/2013Listed for rent$5,000$2/sqft
    Source: Wellington Home Pros Report a problem
    10/25/2011Sold$500,000-65.5%$233/sqft
    Source: Public Record Report a problem
    10/1/2004Sold$1,450,000+114.8%$676/sqft
    Source: Public Record Report a problem
    1/29/1999Sold$675,000$315/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$22,634 +2.9%$1,514,665 +2.9%
    2024$21,996 +2.3%$1,471,978 +3%
    2023$21,506 -0.1%$1,429,105 +3%
    2022$21,524 -1.7%$1,387,481 +3%
    2021$21,897 -0.2%$1,347,069 +1.4%
    2020$21,931 +0.6%$1,328,470 +2.3%
    2019$21,797 $1,298,602 +1.9%
    2018$21,797 +4.9%$1,274,389 +2.1%
    2017$20,788 +1.3%$1,248,177 +2.1%
    2016$20,514 -3.3%$1,222,504 +0.7%
    2015$21,211 -0.5%$1,214,006 +0.8%
    2014$21,312 +2.1%$1,204,371 +1.5%
    2013$20,874 +0.1%$1,186,572 +1.7%
    2012$20,844 -9.7%$1,166,737 -7.4%
    2011$23,091 +0.6%$1,260,227 +1.5%
    2010$22,958 -5%$1,241,603 -8.2%
    2009$24,165 -25.8%$1,351,848 -29.3%
    2008$32,581 +17.9%$1,912,561 +17%
    2007$27,633 +17.3%$1,634,231 +25.9%
    2006$23,550 $1,297,802 +3%
    2005-- $1,260,002 +87.4%
    2004$7,329 +6946.8%$672,413 +1.9%
    2003$104 -99.2%$659,587 -0.5%
    2002$13,443 +9.9%$662,660 +11.5%
    2001$12,229 +4.4%$594,241 +5.6%
    2000$11,716 +14.2%$562,991 +13.7%
    1999$10,262 $495,272
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

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    Estimated market value
    $5,019,000
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    Estimated market value
    $5,019,000