by Global Lifestyle Properties

See Home Value
$5,000,000
● House - Off Market

224 Phipps

Palm Beach, FL 33480
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,145 Ft²
$28,893
Est. Monthly

About This Property

Tucked away in the heart of Palm Beach, this quintessential island bungalow is a rare jewelbox, offering privacy, charm, and effortless indoor-outdoor living. Framed by lush tropical landscaping, the property unfolds as a serene retreat just moments from the Town's finest beaches, dining, and shopping.  The main residence features two bedrooms and two-and-a-half bathrooms, highlighted by soaring ceiling heights and an abundance of natural light that creates an airy, relaxed atmosphere throughout. Thoughtfully designed living spaces flow seamlessly to multiple coquina patio areas, perfect for alfresco dining, entertaining, or quiet moments surrounded by nature. SEE MORE... A one-bedroom guest house sits above the one-car garage, providing ideal accommodations for visitors or a private office or studio. Each historic structure is embraced by verdant gardens, enhancing the sense of seclusion and timeless Old Palm Beach elegance.  This enchanting property captures the essence of classic Palm Beach living an idyllic tropical sanctuary in an unparalleled central location.  DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
Unit Size
2,145 Ft²
Days on Market
158 days
Land Size
-
Price per sqft
$2,564
Property Type
House
Property Taxes
$1,886
HOA Dues
-
Year Built
1938

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Last updated: 4 months ago (Beaches MLS #R11157224)

Price History

Date / Event Date Event Price
Jun 30, 2026 Sold
Sold
May 12, 2026 In contract -
In contract
Apr 29, 2026 Price Decreased $5,500,000
↓ $400K (6.8%)
Price Decreased
Apr 10, 2026 Price Decreased $5,900,000
↓ $595K (9.2%)
Price Decreased
Jan 23, 2026 Listed by Douglas Elliman $6,495,000
Listed by Douglas Elliman
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 7
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 355
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,780
  • Total Building Area: 2,500
  • Gross Building Area: 2,500
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAZA PL IN
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: PLAZA PLAT SLY 88 FT OF E 62 FT OF LT 4 & N 78 FT OF W 10 FT OF LT 5 AS IN OR10903P110

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003513

Zoning

  • Zoning: R-C

Geography

  • Assessors Map Reference: 147
  • Parcel: 50-43-43-22-09-000-0041
  • Lot: 4,5
  • Meridian: SEC 22 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7063
  • Longitude: -80.0381

    Address

  • Full Address: 224 Phipps Plz
  • Address - House Number: 224
  • Address - Street Name: Phipps
  • Address - Suffix Type: Plz
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 4241
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 2,274
  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 50411

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 4,818,063
  • High Value: 5,764,093
  • Low Value: 3,872,032

    Market Valuation

  • Market Total Value: $2,639,960
  • Market Land Value: $2,228,027
  • Market Improvement Value: $411,933

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,387,481

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2011
  • Current Sale Recording Date: Oct 25, 2011
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20110397008
  • Previous Sale Recording Date: Oct 01, 2004
  • Previous Sale Contract Date: Sep 24, 2004
  • Previous Sale Amount: $1,450,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Phipps Plaza


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Frequently Asked Questions

When was property at 224 Phipps Plaza built and last sold?
The property at 224 Phipps Plaza was built in 1938 and last sold on Oct 25, 2011 for $500,000.
How much is this home worth?
The estimated value of the home located at 224 Phipps Plaza is $0.
What are some comparable homes to 224 Phipps Plaza?
There are currently no comparable homes to 224 Phipps Plaza.