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Sold for $1,400,000
  • $1,400,000

    550 Skylake Drive, West Palm Beach, FL 33415

    4beds
    3,704sqft
    Single Family Residence
    Built in 1996
    3.31 Acres Lot
    $1,407,700 Zestimate®
    $378/sqft
    $6,432 Estimated rent

    Home value

    $1,407,700

    $1.27M - $1.56M

    $6,432/mo

    Zestimate® history
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    What's special

    Rare 3.3-acre private oasis and custom home, build 8 more homes, Single home a private retreat, family compound, or long-term investment, this hidden gem delivers space, privacy, and possibilities rarely found in Palm Beach County. A buyer stepped forward on this Estate Home on 3.3 Acres that was listed with an outstanding broker, but no sale for over one year. They secured first place on this remarkable property at a remarkable price. Between the contract and the closing table, things can happen like life events. Our Backup Plan PAYS the second buyer to secure 2nd position, become the backup buyer and be paid for it. Rarely does a property offer this level of privacy, acreage, flexibility, and location within Palm Beach County. Situated on approximately 3.3 acres, this unique West Palm Beach estate is tucked away behind mature trees and lush natural landscaping, creating a true private oasis ideal for buyers seeking space, seclusion, and long-term versatility. The setting feels worlds away, yet remains remarkably connected. The property is centrally located with convenient access to I-95, the Florida Turnpike, and Palm Beach International Airport, making daily travel and long-distance connectivity easy and efficient. Downtown West Palm Beach, Palm Beach Island, beaches, dining, and shopping are all within a short drive. Fort Lauderdale and Miami are also easily accessible, offering additional international travel options, business centers, and cultural destinations throughout South Florida. The existing residence is move-in ready and lends itself well to a compound-style lifestyle, whether for a large family, multi-generational living, or buyers who value space for extended family, guests, or personal pursuits. The expansive acreage provides room for additional structures, outdoor amenities, gardens, recreation, or future expansion, subject to local approvals. For those who simply want land this property delivers a level of breathing room that is becoming increasingly rare in Palm Beach County. This property is especially appealing to buyers seeking: A private family compound Multi-generational living or shared family ownership Space for multiple vehicles, equipment, hobbies, or home-based needs A quiet retreat without sacrificing access to major roads and airports Long-term land value and flexibility in a high-demand county For builders or investors, the parcel offers compelling potential. The acreage size and configuration present opportunities for future redevelopment or additional residences, subject to zoning and municipal approvals. Whether held as a personal estate, improved over time, or explored for development potential, the property supports a wide range of visions and timelines. Palm Beach County continues to attract national and international interest due to its favorable climate, business-friendly environment, cultural amenities, and quality of life. West Palm Beach, in particular, has experienced ongoing growth, infrastructure investment, and demand from both full-time residents and seasonal owners. Properties offering significant acreage within this area are increasingly scarce, making this offering especially notable. What truly sets this property apart is its intentional seclusion. The surrounding trees, depth of the lot, and setback from surrounding roads create an atmosphere of calm and privacy that is difficult to replicate. This is not a typical neighborhood setting it is a place for buyers who appreciate discretion, independence, and space to live on their own terms. Whether envisioned as a private retreat, a family legacy property, a multi-home compound, or a future development opportunity, this 3.3-acre estate represents a rare chance to secure land, privacy, and flexibility in one of South Florida's most desirable and accessible regions.

    Zillow last checked:

    Listing updated:

    Listed by:

    Fred DeFalco 561-702-3757,

    920 Real Inc.,

    Edgardo Roman Bolanos 561-679-5256,

    920 Real Inc.

    Bought with:

    Jorge J Bencosme Mues, 3369301

    Home Partnership Group, LLC

    Ruth Bencosme, 3490872

    Home Partnership Group, LLC

    Source: BeachesMLS,MLS#: R11161152MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    • Area: 352
    • Dimensions: 22 X 16
    Primary bedroom
    • Level: Main
    • Area: 256
    • Dimensions: 16 X 16
    Kitchen
    • Level: Main
    • Area: 255
    • Dimensions: 17 X 15
    Living room
    • Level: Main
    • Area: 459
    • Dimensions: 27 X 17
    Other
    • Description: Apartment Upstairs
    • Level: Second
    • Area: 792
    • Dimensions: 22 X 36
    Heating
    • Central, Electric, Heat Strip
    Cooling
    • Central Air, Electric, Zoned
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Bathtub, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Family/Dining Room, Jetted Tub, Kitchen/Dining Combo, Main Level Primary, Multiple Primary Suites, Sitting Area in Primary, Split Bedrooms, Soaking Tub, Separate Shower, Tub Shower, Walk-In Closet(s)
    • Flooring: Ceramic Tile
    • Windows: Plantation Shutters
    • Has fireplace: Yes
    Interior area
    • Total structure area: 4,661
    • Total interior livable area: 3,704 sqft

    Property

    Parking
    • Total spaces: 105
    • Parking features: Attached Carport, Attached, Circular Driveway, Covered, Carport, Garage, Guest, Open, RV Access/Parking
    • Attached garage spaces: 2
    • Carport spaces: 4
    • Covered spaces: 6
    • Uncovered spaces: 99
    • Details: CarportSpaces:4.00
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Multi/Split,One
    • Stories: 1
    • Patio & porch: Open, Balcony
    • Exterior features: Balcony, Outdoor Living Area
    • Has private pool: Yes
    • Pool features: Free Form, Gunite, In Ground, Other
    • Has spa: Yes
    • Fencing: Fenced
    • Has view: Yes
    • View description: Canal, Garden, Pool
    • Has water view: Yes
    • Water view: Canal
    • Waterfront features: None
    Lot
    • Size: 3.31 Acres
    • Dimensions: 3.31
    • Features: Fruit Trees, Sprinklers Automatic, Sprinkler System
    Details
    • Parcel number: 00424402010001140
    • Zoning: RS
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Block
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1996

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Septic Tank
    • Water: Public, Well
    • Utilities for property: Water Available

    Community & HOA

    Community
    • Security: Security System, Gated Community, Smoke Detector(s), Security Lights
    • Subdivision: MODEL LAND CO
    HOA
    • Has HOA: No
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $378/sqft
    • Tax assessed value: $1,004,093
    • Annual tax amount: $6,452
    • Date on market: 2/5/2026
    • Cumulative days on market: 403 days
    • Listing terms: Cash,Contract,Owner Will Carry

    Price history

    DateEventPrice
    4/29/2026Sold$1,400,000+0.4%$378/sqft
    Source: BeachesMLS #R11161152 Report a problem
    3/11/2026Price change$1,395,000-5.4%$377/sqft
    Source: BeachesMLS #R11161152 Report a problem
    2/27/2026Price change$1,475,000-7.5%$398/sqft
    Source: BeachesMLS #RX-11161152 Report a problem
    2/5/2026Listed for sale$1,595,000-10.9%$431/sqft
    Source: BeachesMLS #RX-11161152 Report a problem
    11/14/2025Listing removed$1,790,000$483/sqft
    Source: The Keyes Company/Realtors #R11090943 Report a problem
    8/31/2025Price change$1,790,000-10.5%$483/sqft
    Source: BeachesMLS #RX-11090943 Report a problem
    5/15/2025Listed for sale$2,000,0000%$540/sqft
    Source: BeachesMLS #RX-11090943 Report a problem
    5/6/2025Listing removed$2,001,000$540/sqft
    Source: The Keyes Company/Realtors #R11049181 Report a problem
    4/3/2025Price change$2,001,000+0.8%$540/sqft
    Source: BeachesMLS #RX-11049181 Report a problem
    3/20/2025Price change$1,985,000-11.8%$536/sqft
    Source: BeachesMLS #RX-11049181 Report a problem
    1/10/2025Listed for sale$2,250,000+697.9%$607/sqft
    Source: BeachesMLS #RX-11049181 Report a problem
    7/21/1998Sold$282,000+12.9%$76/sqft
    Source: Public Record Report a problem
    11/22/1996Sold$249,700+165.6%$67/sqft
    Source: Public Record Report a problem
    12/28/1993Sold$94,000$25/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,451 -0.4%$391,400 +2.9%
    2024$6,475 +2.3%$380,369 +3%
    2023$6,327 -0.4%$369,290 +3%
    2022$6,352 -26.5%$358,534 +3%
    2021$8,641 +0.5%$348,091 +1.4%
    2020$8,598 +39.2%$343,285 +2.3%
    2019$6,177 $335,567 +1.9%
    2018$6,177 +5.3%$329,310 +2.1%
    2017$5,865 +1.3%$322,537 +2.1%
    2016$5,792 -3.9%$315,903 +0.7%
    2015$6,025 -2.2%$313,707 +0.8%
    2014$6,163 +1.4%$311,217 +1.5%
    2013$6,079 -3.3%$306,618 -2.2%
    2012$6,283 -6%$313,542 -4.3%
    2011$6,681 +0.9%$327,524 +1.5%
    2010$6,624 +16.3%$322,684 +2.7%
    2009$5,695 +1.1%$314,201 +0.1%
    2008$5,634 +4.7%$313,887 +3%
    2007$5,380 -8.9%$304,745 +2.5%
    2006$5,906 $297,312 +3%
    2005-- $288,652 +3%
    2004$2,648 +740.2%$280,245 +1.9%
    2003$315 -93.7%$275,020 +3.9%
    2002$5,023 +0.4%$264,789 +1.6%
    2001$5,002 -0.5%$260,619 -1.9%
    2000$5,028 +10.3%$265,673 +2.7%
    1999$4,560 $258,688
    Find assessor info on the county website

    Neighborhood: 33415

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pine Jog
    • Middle: Okeeheelee
    • High: Palm Beach Central

    Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,407,700
    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
    $1,407,700