554 Palm Way, Gulf Stream, FL 33483 (MLS# R10273486)

554 Palm Way, Gulf Stream, FL 33483

$7,525,000

Virtual Tour

https://vimeo.com/188023261/b68c57e3b9

Property Type: Residential Bedrooms: 5 Baths: 8 Square Footage: 9,601 Lot Size (sq. ft.): 38,333 Status: Closed

Current Price: $7,525,000 List Date: 10/10/2016 Last Modified: 1/15/2026

Overview

Description

Point Lot Estate Commanding 411 feet of Waterfrontage. Staged against the sparkling Intracoastal this 9,600 total square foot Point Lot Estate is sited on 411 feet of water frontage. Completely re-designed from top to bottom in 2014 the meticulous finishes and superb craftsmanship are evident in every detail. The home offers 5 bedrooms seven plus baths, a self-contained guest apartment with large living and kitchen area accommodating friends and family with prized private space. Upon arrival guests are greeted with a gracious staircase leading to a magnificent master suite with his/her bathrooms, three additional guest suite, all with water views, plus a workout room. Encompassing the first floor is a lovely living room with fireplace, an oversized dining room and a cozy sitting area.

Supplements: A gourmet kitchen suited to the best of chef's where informal meals may be enjoyed in a large breakfast area surrounded by water. Adjacent to the kitchen is a magnificent family room with cathedral callings, large windows affording lots of light and sweeping water views. Completing the first floor is a private office, a game room which flows to t ... (Read more)

Listing Details MLS# R10273486

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 8
Bathrooms Full: 7
Bathrooms Half: Yes
Building Area Main: 9601
Building Area Source: Owner
Living Area Main: 8011
Year Built: 1963
Garage YN: Yes
Garage Spaces: 3
Covered Spaces: 3
Lot Size Area: 38160
Lot Size Acres: 0.88
Lot Size Dimensions: 411.0 ft x 93.0 ft
Frontage Length: 411
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: East
Pool Private YN: Yes
Furnished: Unfurnished

Property Features

Electric: Three Phase Fireplace Features: Decorative Flooring: Carpet; Marble; Wood Parking Features: Garage Door Opener; Garage Property Condition: Resale Appliances: Disposal; Ice Maker; Refrigerator; Washer Construction Materials: CBS; Frame Cooling: Central Air Heating: Central Interior Features: Bar; Cathedral Ceiling(s); Closet Cabinetry; Entrance Foyer; Vaulted Ceiling(s) Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: No Restrictions Security Features: Fire Alarm Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available Waterfront Features: Intracoastal Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Outdoor Living Spaces: Patio; Porch Contingencies: Other Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Den; Dining Room; Family Room; Kitchen; Laundry; Living Room; Master Bedroom; Utility Room Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2016-10-10
Original List Price: 8895000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 554
Street Name: Palm
Street Suffix: Way
City Name: Gulf Stream
State Or Province: FL
Postal Code: 33483
Postal Zip: 33483
Subdivision Name: POLO COVE
Area: 4130
Geographic Area: PB05
Special Assessment YN: No
Parcel Number: 20434603020000211
Zoning: RS(cit
Directions: A1A North of George Bush to Lakeview to Polo Drive, to Palm Way

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 135404
Tax Year: 2015
Tax Legal Description: POLO COVE S 50 FT OF LT 21 & GULFSTREAM COVE PB24P185 LT 1 & W 41 FT OF LT 2

Status Change Information

Major Change Timestamp: 2018-01-09T19:48:43Z
Major Change Type: Status Change
Price Change Timestamp: 2017-04-17T15:17:23Z
Status Change Date: 2018-01-09
Under Contract Date: 2017-12-12
Close Date: 2018-01-08
Close Price: 7525000
Buyer Financing: Cash

More Information

Short Sale Details

Short Sale Addendum: No

Room Types

Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper
Den Level: Main
Dining Room Level: Main
Family Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Upper
Utility Room Level: Upper
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Den: Yes
Dining Room: Yes
Family Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes
Utility Room: Yes

Price Calculations

Current Price To SqFt: 939.33
Original List Price To Close Price: 1.18

Originating Details

Originating System Key: 20161010144801304208000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Electric

Three Phase: Yes

Fireplace Features

Decorative: Yes

Flooring

Carpet: Yes
Marble: Yes
Wood: Yes

Parking Features

Garage Door Opener: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes

Heating

Central: Yes

Appliances

Disposal: Yes
Ice Maker: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes
Frame: Yes

Interior Features

Bar: Yes
Cathedral Ceiling(s): Yes
Closet Cabinetry: Yes
Entrance Foyer: Yes
Vaulted Ceiling(s): Yes

Laundry Features

Inside: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Fire Alarm: Yes

Waterfront Features

Intracoastal: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

2 Master Baths: Yes
Dual Sinks: Yes
Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Contingencies

Other: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Living Room Length: 23.00 Length: 23.00 Width: 22.00 Width: 22.00 Level: Main Remarks: Water View Dining Room Length: 17.00 Length: 17.00 Width: 24.00 Width: 24.00 Level: Main Remarks: Water View Dining Room Length: 16.00 Length: 16.00 Width: 9.00 Width: 9.00 Level: Main Remarks: Water View Kitchen Length: 25.00 Length: 25.00 Width: 19.00 Width: 19.00 Level: Main Remarks: 2 Sub Zeros Family Room Length: 30.00 Length: 30.00 Width: 20.00 Width: 20.00 Level: Main Remarks: Water View Master Bedroom Length: 20.00 Length: 20.00 Width: 16.00 Width: 16.00 Level: Upper Remarks: Water View Bedroom 2 Length: 18.00 Length: 18.00 Width: 15.00 Width: 15.00 Level: Upper Remarks: Water View Bedroom 3 Length: 14.00 Length: 14.00 Width: 14.00 Width: 14.00 Level: Upper Remarks: Water View Bedroom 4 Length: 16.00 Length: 16.00 Width: 18.00 Width: 18.00 Level: Upper Bedroom 5 Length: 13.00 Length: 13.00 Width: 12.00 Width: 12.00 Level: Upper Remarks: Guest House Den Length: 16.00 Length: 16.00 Width: 12.00 Width: 12.00 Level: Main Utility Room Length: 16.00 Length: 16.00 Width: 13.00 Width: 13.00 Level: Upper Remarks: With Exercise Room Laundry

Listing Office: The Corcoran Group

Last Updated: January - 15 - 2026

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