Skip main navigation
Sold for $25,400,000
    • $25,400,000

    550 Island Dr, Palm Beach, FL 33480

    6beds
    4,146sqft
    Single Family Residence, Residential
    Built in 1955
    0.55 Acres Lot
    $26,132,000 Zestimate®
    $6,126/sqft
    $142,404 Estimated rent

    Home value

    $26,132,000

    $23.00M - $29.79M

    $142,404/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $142,404/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $142,404/mo

    Rent Zestimate®

    Refinance and save

    $175,737/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $175,737/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Morning barSoaring pickled wood ceilingsInfinity poolOutdoor gazebo
    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 ''al fresco'' 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    LIZA PULITZER 561-373-0666,

    Brown Harris Stevens of Palm Beach 5225,

    WHITNEY McGURK 561-310-7919

    Bought with:

    JIM McCANN, BK-397290

    Premier Estate Properties, Inc. - Palm Beach

    Source: Palm Beach BOR,MLS#: 24-1633

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Freezer, Gas Range, Dishwasher, Microwave, Disposal, Ice Maker, Wine Refrigerator
    Features
    • Sound System, Ceiling Fan(s)
    • Flooring: Hardwood
    • Windows: Impact Glass, Impact Glass-Full
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 5,431
    • Total interior livable area: 4,146 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Patio
    • Has private pool: Yes
    • Pool features: Gas Heat
    • On waterfront: Yes
    • Waterfront features: Seawall, Intracoastal-Direct
    Lot
    • Size: 0.55 Acres
    • Dimensions: 150
    Details
    • Additional structures: Cabana, Guest House
    • Parcel number: 50434327030000361
    • Zoning: RB

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bermuda
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Stucco
    • Roof: Other
    Condition
    • Year built: 1955

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Security System, Other
    • Subdivision: Everglades Island
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $6,126/sqft
    • Tax assessed value: $20,776,393
    • Annual tax amount: $120,874
    • Date on market: 11/6/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    1/8/2025Sold$25,400,000+2%$6,126/sqft
    Source: Palm Beach BOR #24-1633 Report a problem
    11/27/2024Pending sale$24,900,000$6,006/sqft
    Source: BeachesMLS #RX-11034636 Report a problem
    11/6/2024Listed for sale$24,900,000-12.6%$6,006/sqft
    Source: Palm Beach BOR #24-1633 Report a problem
    5/24/2024Listing removed$28,500,000$6,874/sqft
    Source: Brown Harris Stevens #10884124 Report a problem
    4/3/2024Price change$28,500,000-12.3%$6,874/sqft
    Source: BeachesMLS #RX-10884124 Report a problem
    3/6/2024Listing removed--
    Source: BeachesMLS #R10928595 Report a problem
    1/24/2024Price change$32,500,000-6.9%$7,839/sqft
    Source: BeachesMLS #RX-10884124 Report a problem
    11/16/2023Price change$34,900,000-10.5%$8,418/sqft
    Source: Palm Beach BOR #23-755 Report a problem
    10/18/2023Listed for rent$175,000+348.7%$42/sqft
    Source: BeachesMLS #R10928595 Report a problem
    4/24/2023Listed for sale$39,000,000+333.3%$9,407/sqft
    Source: Palm Beach BOR #23-755 Report a problem
    6/18/2014Sold$9,000,000-3.8%$2,171/sqft
    Source: Palm Beach BOR #14-616 Report a problem
    3/18/2014Listed for sale$9,360,000+123.4%$2,258/sqft
    Source: The Corcoran Group #8436 Report a problem
    7/12/2013Listing removed$39,000$9/sqft
    Source: Corcoran Group Palm Beach #R3306166 Report a problem
    3/7/2013Price change$39,000+11.4%$9/sqft
    Source: Corcoran Group Palm Beach #R3306166 Report a problem
    9/1/2012Listed for rent$35,000$8/sqft
    Source: Corcoran Group Palm Beach #R3306166 Report a problem
    5/3/2012Listing removed$35,000$8/sqft
    Source: Corcoran Group Palm Beach #R3235039 Report a problem
    2/2/2012Listed for rent$35,000$8/sqft
    Source: Corcoran Group Palm Beach #R3235039 Report a problem
    6/10/2002Sold$4,190,000+19.7%$1,011/sqft
    Source: Public Record Report a problem
    5/3/2000Sold$3,500,000$844/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$124,389 +2.9%$8,377,882 +2.9%
    2024$120,873 +2%$8,141,771 +3%
    2023$118,455 -1%$7,904,632 +3.1%
    2022$119,696 -2%$7,667,604 +3%
    2021$122,144 -0.4%$7,444,276 +1.4%
    2020$122,621 +0.6%$7,341,495 +2.3%
    2019$121,927 $7,176,437 +1.9%
    2018$121,927 +4.9%$7,042,627 +2.1%
    2017$116,211 -0.1%$6,897,774 +2.7%
    2016$116,381 -0.6%$6,717,187 -19.7%
    2015$117,046 +49.9%$8,363,213 +98.1%
    2014$78,092 +2.2%$4,222,271 +1.5%
    2013$76,443 +2.4%$4,159,873 +1.7%
    2012$74,621 +0.6%$4,090,337 +3%
    2011$74,142 +0.5%$3,971,201 +1.5%
    2010$73,754 +6.5%$3,912,513 +2.7%
    2009$69,272 +8%$3,809,652 +0.1%
    2008$64,168 -3%$3,805,846 +5.6%
    2006$66,134 $3,604,874 +3%
    2005-- $3,499,878 +3%
    2004$36,762 +17574%$3,397,940 +1.9%
    2003$208 -99.7%$3,334,583 +6.4%
    2002$63,307 +19.8%$3,134,583 +22.8%
    2000$52,848 +19.6%$2,552,381 +19.7%
    1999$44,197 $2,133,116
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby homes

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $26,132,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $26,132,000

    Nearby cities

    Nearby neighborhoods

    Nearby zip codes

    Other Palm Beach Topics

      Search
      Updates
      Favorites
      Plan
      Inbox