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For sale
    • $29,750,000

    748 Island Dr, Palm Beach, FL 33480

    5beds
    4,153sqft
    : 
    $203,046/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1952
    0.48 Acres Lot
    $-- Zestimate®
    $7,163/sqft
    $-- HOA

    What's special

    Long open water viewsBreathtaking water viewsTruly special waterfront property
    Only property available on Everglade Island. Long open water views on the quiet east side of Everglades Island. Positioned just two lots from the southern tip, this home offers extraordinary views across to Palm Beach's estate section. Enjoy sunrises and shimmering water vistas from your future dock--already approved for a generous 614 sq ft structure with two boat lifts and quick access to deep water. Whether you're an avid boater or simply seeking serenity, this location delivers unmatched beauty and convenience. The existing home is in excellent condition and features a high-ceilinged, light-filled living room that spans the eastern side of the house, perfectly framing the breathtaking water views. The house can be updated or enjoyed as-is while you design a spectacular new residence. Offered for the first time in nearly 50 years, this is a truly special waterfront property in one of Palm Beach's most exclusive enclaves. The Everglades Island neighborhood also benefits from private security patrols, ensuring peace of mind and privacy.
    117 days
    |
    1,070
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    JOHN CREGAN 847-651-7210,

    Sotheby's International Realty, Inc.,

    LISA CREGAN 847-910-1303

    Source: Palm Beach BOR,MLS#: 24-1789

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Central, Zoned
      Cooling
      • Central Air, Zoned
      Appliances
      • Included: Refrigerator, Electric Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker, Double Oven
      Features
      • Flooring: Hardwood, Stone, Carpet, Brick
      • Windows: Sliding, Impact Glass-Partial
      • Has fireplace: Yes
      • Fireplace features: Fireplace
      Interior area
      • Total structure area: 5,033
      • Total interior livable area: 4,153 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Patio & porch: Patio
      • Has private pool: Yes
      • Pool features: Gas Heat, Pool Size (40' x 14')
      • On waterfront: Yes
      • Waterfront features: Seawall, Intracoastal-Direct
      Lot
      • Size: 0.48 Acres
      • Dimensions: 100
      Details
      • Parcel number: 50434327020000880
      • Zoning: 50- Rb - Rb (50-Palm Beach)

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence, Residential
      Materials
      • Block, Stucco
      • Roof: Tar/Gravel
      Condition
      • Year built: 1952

      Utilities & green energy

      • Water: Public

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $7,163/sqft
      • Tax assessed value: $19,450,766
      • Annual tax amount: $133,766
      • Date on market: 3/31/2026
      • Listing agreement: Exclusive Right To Sell

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/31/2026Listed for sale$29,750,000-7%$7,163/sqft
        Source: Palm Beach BOR #24-1789 Report a problem
        10/24/2025Listing removed$32,000,000$7,705/sqft
        Source: Palm Beach BOR #24-1789 Report a problem
        11/26/2024Listed for sale$32,000,000-15.8%$7,705/sqft
        Source: Palm Beach BOR #24-1789 Report a problem
        6/20/2024Listing removed--
        Source: Palm Beach BOR #24-9 Report a problem
        1/3/2024Listed for sale$38,000,000+4650%$9,150/sqft
        Source: Palm Beach BOR #24-10 Report a problem
        7/1/1981Sold$800,000$193/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$140,457 +2.9%$9,477,364 +2.9%
        2024$136,494 +2%$9,210,266 +3%
        2023$133,766 -1.1%$8,942,006 +3%
        2022$135,216 -2%$8,681,559 +3%
        2021$137,930 -0.4%$8,428,698 +1.4%
        2020$138,453 +0.6%$8,312,325 +2.3%
        2019$137,643 $8,124,095 -1.5%
        2018$137,643 +1%$8,248,971 +10.1%
        2017$136,287 +7.5%$7,493,144 -0.1%
        2016$126,790 -3.2%$7,500,652 +9.6%
        2015$131,035 +6.5%$6,840,696 +4.5%
        2014$123,022 +12.6%$6,545,933 +10%
        2013$109,301 -0.1%$5,950,848 -0.1%
        2012$109,394 -2.3%$5,956,985 0%
        2011$111,983 -10.8%$5,957,765 -9.9%
        2010$125,573 -15.9%$6,615,664 -18.9%
        2009$149,292 +7.8%$8,154,430 -0.1%
        2008$138,500 +0.7%$8,160,187 0%
        2007$137,480 +59.2%$8,160,375 +74.2%
        2006$86,342 $4,684,955 +15.3%
        2005-- $4,063,317 +29.8%
        2004$34,118 +32705.5%$3,130,321 +19%
        2003$104 -99.8%$2,629,728 +8.2%
        2002$49,014 -1.3%$2,429,728 +0.1%
        2001$49,640 +12.9%$2,427,829 +14.1%
        2000$43,987 +19.4%$2,127,829 +19.7%
        1999$36,842 $1,778,133
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33480

        Getting around

        3 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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