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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
550 Island Drive, Palm Beach, FL 33480- MLS# 24-1633
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