by Global Lifestyle Properties

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

505 SE Atlantic Drive

Lantana, FL 33462
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,140 Ft²
$27,957
Est. Monthly

About This Property

Located on prestigious Hypoluxo Island, this brand-new, fully completed one-story modern estate presents a rare opportunity to own the only newly constructed single-story contemporary residence currently offered on the island. Thoughtfully designed to embody the essence of modern Palm Beach living, the home showcases striking architectural lines, warm organic finishes, and an effortless indoor-outdoor lifestyle. Expansive living spaces, soaring ceilings, and walls of glass create a light-filled environment that seamlessly connects the interior living areas to the resort-style outdoor setting, delivering both sophistication and functionality in one of South Florida's most exclusive waterfront communities. A dramatic 12-foot solid mahogany pivot-hinge door opens to a grand gallery entry framed by soaring 16-foot ceilings and expansive walls of glass. Oversized 12-foot sliding doors flood the home with natural light and open completely to the outdoor living areas, creating a true resort-style environment.  The residence offers 3 bedrooms, 3 full bathrooms, a powder bath, and an additional full Pool bath serving the pool area. The primary suite is a private retreat featuring a spa-inspired bath complete with an in-home sauna, custom European built-in closets with integrated lighting, and refined modern finishes.  At the center of the home, a stunning backlit Cristallo quartzite island anchors the chef's kitchen, complemented by mitered Taj Mahal quartzite countertops, custom cabinetry, and a full suite of Thermador and Miele appliances. The adjacent outdoor entertaining area features a fully equipped summer kitchen finished in quartzite and a dedicated pool bath for effortless indoor-outdoor living.  The home showcases museum-level detailing throughout, including shadow-gap flush baseboards and casing, trimless recessed lighting, linear air diffusers, nine-foot solid interior doors, and large-format tile flooring. Impact glass windows and doors provide both security and energy efficiency, while full smart-home automation controls lighting, climate, audio, and security systems.  The private backyard is designed as a resort retreat, highlighted by a custom pool with water features and sun shelf surrounded by luxurious professionally designed landscaping creating a private resort-like setting. Additional features include smart toilets, tankless water heating, and a two-zone Platinum Series HVAC system.  Located minutes from beaches, dining, and the Palm Beach coastal lifestyle, this property offers new construction quality and modern design rarely found on Hypoluxo Island -- a truly exceptional offering.
Unit Size
3,140 Ft²
Days on Market
161 days
Land Size
0.27 acres
Price per sqft
$1,720
Property Type
House
Property Taxes
$1,444
HOA Dues
-
Year Built
1958

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Last updated: 4 months ago (Beaches MLS #R11165873)

Price History

Date / Event Date Event Price
Aug 3, 2026 Sold
Sold
Jul 5, 2026 In contract -
In contract
May 21, 2026 Price Increased $5,399,500
↑ $500 (0%)
Price Increased
Feb 22, 2026 Listed by Realty One Group Engage $5,399,000
Listed by Realty One Group Engage
Dec 16, 2022 Sold
Sold
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,626
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,165
  • Gross Building Area: 3,165
  • Building Area: 1,997
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,997
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HYPOLUXO ISLAND ADD
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: HYPOLUXO ISLAND ADD N 1/2 OF LT 174 & LT 175

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005412

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 283
  • Parcel: 40-43-45-03-01-000-1741
  • Lot: 174,
  • Meridian: SEC 03 TWN 45S RNG 43E
  • Municipality: LANTANA
  • Latitude: 26.5799
  • Longitude: -80.0429

    Address

  • Full Address: 505 Se Atlantic Dr
  • Address - House Number: 505
  • Street Direction: SE
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lantana
  • Carrier Code: C002
  • 4-Digit Zip Code: 1907
  • Zip Code: 33462

Valuation

    Tax

  • Total Area: 2,421
  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 40534

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,049,472
  • High Value: 1,269,361
  • Low Value: 829,583

    Market Valuation

  • Market Total Value: $703,918
  • Market Land Value: $629,250
  • Market Improvement Value: $74,668

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $315,616

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 495938
  • Previous Sale Recording Date: Jul 22, 2002
  • Previous Sale Contract Date: Jul 02, 2002
  • 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 Hypoluxo Island


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Frequently Asked Questions

When was property at 505 Southeast Atlantic Drive built and last sold?
The property at 505 Southeast Atlantic Drive was built in 1958 and last sold on Dec 14, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 505 Southeast Atlantic Drive is $5,380,440.
What are some comparable homes to 505 Southeast Atlantic Drive?
There are currently no comparable homes to 505 Southeast Atlantic Drive.