550 Island Drive, Palm Beach, FL 33480 (MLS# R10025139)

550 Island Drive, Palm Beach, FL 33480

$9,000,000

Property Type: Residential Bedrooms: 7 Baths: 7 Square Footage: 5,208 Lot Size (sq. ft.): 23,958 Status: Closed

Current Price: $9,000,000 List Date: 3/17/2014 Last Modified: 1/12/2026

Overview

Description

Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master with balcony overlooking the waterway and golf course. Exceptional and ample outdoor living. Audubon lovers will delight in the mangrove trees bordering the golf course for the privacy they provide and the spectacular wildlife they attract. 5 BR, 5.5 baths plus office, loggia, 2 BR, 2 bath cabana, 40' pool and lush, tropical landscaping.

Supplements: Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master Bedroom with balcony overlooking the waterway and golf course. Audubon lovers will delight in the mangrove trees bordering the golf cours ... (Read more)

Listing Details MLS# R10025139

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 7
Bathrooms Total: 7
Bathrooms Full: 7
Building Area Main: 5208
Building Area Source: Public Records
Living Area Main: 4424
Year Built: 1955
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 23958
Lot Size Acres: 0.55
Lot Size Dimensions: DP 156
Frontage Length: 150
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: West
Pool Private YN: Yes
Furnished: Negotiable
LP/Assessed Value: 2.25

Property Features

Dining Area: Dining/Living Room Fireplace Features: Decorative Flooring: Wood Guest House Features: 1 Bedrooms; 2 Baths; Patio Parking Features: Garage Door Opener; On Street; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air; Electric; Zoned Heating: Central; Electric; Zoned Interior Features: Built-in Features; Cabana Bath; Cathedral Ceiling(s); Custom Mirrors; Entrance Foyer; Pantry; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: In Garage Listing Terms: Cash; Conventional Other Structures: Cabana; Cottage; Outbuilding Pets Allowed YN: Yes Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Concrete; Tile Security Features: Security System Owned; Smoke Detector(s) Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Storm Protection Details: Storm Shutters Tax Information: City/County; Homestead Exemption Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Window Features: Drapes; Plantation Shutters; Single Hung Metal; Sliding Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Open Patio Details: Patio - Covered; Patio - Open Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Great Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2014-03-14
Original List Price: 9360000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 550
Street Name: Island
Street Suffix: Drive
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: Everglades Island 3
Area: 5003
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434327030000361
Zoning: RB
Directions: S County Road to Island Road, turn right on Island Drive.

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 76442.54
Tax Year: 2013
Tax Assessed/SOH Value: 4159873
Tax Legal Description: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38

Status Change Information

Major Change Timestamp: 2014-07-21T17:27:38Z
Major Change Type: Status Change
Status Change Date: 2014-07-21
Under Contract Date: 2014-05-19
Close Date: 2014-06-18
Close Price: 9000000
Buyer Financing: Cash

More Information

Entry Information

Entry Location: Entry Level Living Area Y

Short Sale Details

Short Sale Addendum: No

Pool Size Details

Pool Size (WxL): 25x40

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: First
Bedroom 4 Level: First
Bedroom 5 Level: First
Great Room Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: Second
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 2034.35
Original List Price To Close Price: 1.04

Originating Details

Originating System Key: 20140317171017069157000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Dining Area

Dining/Living Room: Yes

Fireplace Features

Decorative: Yes

Flooring

Wood: Yes

Guest House Features

1 Bedrooms: Yes
2 Baths: Yes
Patio: Yes

Parking Features

Garage Door Opener: Yes
On Street: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Other Structures

Cabana: Yes
Cottage: Yes
Outbuilding: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes
Electric: Yes
Zoned: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water View

Intracoastal: Yes

Window Features

Drapes: Yes
Plantation Shutters: Yes
Single Hung Metal: Yes
Sliding: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Free-Standing Freezer: Yes
Ice Maker: Yes
Microwave: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Built-in Features: Yes
Cabana Bath: Yes
Cathedral Ceiling(s): Yes
Custom Mirrors: Yes
Entrance Foyer: Yes
Pantry: Yes
Storage: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

In Garage: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

In Ground: Yes

Roof

Concrete: Yes
Tile: Yes

Security Features

Security System Owned: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes

Architectural Style

Other: Yes

Cooling

Central Air: Yes
Electric: Yes
Zoned: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes
Master Bdrm - Upstairs: Yes

Pets Allowed YN

Yes: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

Storm Shutters: Yes

Tax Information

City/County: Yes
Homestead Exemption: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes

Balcony Details

Balcony - Covered: Yes
Balcony - Open: Yes

Patio Details

Patio - Covered: Yes
Patio - Open: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Living Room Length: 25.00 Length: 25.00 Width: 19.00 Width: 19.00 Level: First Kitchen Length: 26.00 Length: 26.00 Width: 10.00 Width: 10.00 Level: First Master Bedroom Length: 20.00 Length: 20.00 Width: 14.00 Width: 14.00 Level: Second Bedroom 2 Length: 16.00 Length: 16.00 Width: 14.00 Width: 14.00 Level: First Bedroom 3 Length: 16.00 Length: 16.00 Width: 14.00 Width: 14.00 Level: First Bedroom 4 Length: 16.00 Length: 16.00 Width: 11.00 Width: 11.00 Level: First Bedroom 5 Length: 14.00 Length: 14.00 Width: 11.00 Width: 11.00 Level: First Great Room Length: 22.00 Length: 22.00 Width: 15.00 Width: 15.00 Level: First Remarks: Dining room/loggia Laundry

Listing Office: Premier Estate Properties, Inc

Last Updated: January - 12 - 2026

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