550 Island Drive, Palm Beach, FL 33480
$24,900,000
Property Type:
Residential
Bedrooms:
6
Baths:
5.5
Square Footage:
5,431
Lot Size (sq. ft.):
23,962
Status:
Pending
Current Price:
$24,900,000
List Date:
11/06/2024
Last Modified:
11/27/2024
Description
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:
Supplements: 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.
More Information MLS# 24-1633
Contract Information
Current Price: $24,900,000
List Date: 2024-11-06
List Price/SqFt: 4584.79
List Price: $24,900,000
Exclusive: Right
Photo to be Supplied: Photo Supplied by LO
Lease restrictions after closing: No
Location Tax Legal
Parcel Control #: 50434327030000361
Street #: 550
Street Name: Island
Street Suffix: Drive
Municipality: Palm Beach
Area: 03 - South of Worth Ave to Sloans Curve
State/Province: FL
Subdivision: Everglades Island
County: Palm Beach
Geo Lat: 26.697169
Geo Lon: -80.043281
General Property Description
Lot SqFt: 23962
Lot Dim (1): 150
Realtor.COM Type: Residential - Single Family
Sub Type: Single Family Residence
Living Area: 4146
SqFt Total: 5431
# of Bedrooms: 6
# of Baths: 5
Half Baths: 1
Year Built: 1955
Pool: Yes
Waterfront: Yes
Status Change Info
Status: Pending
Under Contract Date: 2024-11-26
Property Features
Waterfront: Intracoastal-Direct
Exposure: East; West
Pool: Pool; Heated - Gas
Dock: Other Materials
Landmark: No Landmarks
Style: Bermuda
Construction: Cement Block/Stucco
Roof: Other
Floors: Hardwood
Windows: Impact Glass; Impact Glass-Full
Garage: 2 Car
Exterior Features: Patio/Lanai; Cabana; Seawall/Bulkhead; Guesthouse/Cottage
Interior Features: Cable; Ceiling Fan; Fireplace; Sound System
Appliances: Dishwasher; Disposal; Refrigerator; Refrigerator-Wine; Freezer; Ice Maker; Range-Gas; Microwave
Security: Security System; Other Security
HOA: None
Terms: Cash Terms; Conventional Mtg
Occupancy: Occupancy At Closing
Listing Office: Brown Harris Stevens of Palm Beach 5225
Last Updated: November - 27 - 2024
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