When was property at 550 Island Drive built and last sold?

The property at 550 Island Drive was built in 1955 and last sold on Jun 6, 2014 for $9,000,000.

How much is this home worth?

The estimated value of the home located at 550 Island Drive is $0.

What are some comparable homes to 550 Island Drive?

There are currently no comparable homes to 550 Island Drive.

Palm Beach

33480

Everglades Island

550 Island Drive

$9,000,000

● House - Off Market

550 Island Drive

Palm Beach, FL 33480

7 Beds

7 Baths

4,424 Ft²

$17,397,817

RealtyHop Estimate

85.87%

Since Jul 1, 2014

National-US

Primary Model

About This Property

Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master with balcony overlooking the waterway and golf course. Exceptional and ample outdoor living. Audubon lovers will delight in the mangrove trees bordering the golf course for the privacy they provide and the spectacular wildlife they attract. 5 BR, 5.5 baths plus office, loggia, 2 BR, 2 bath cabana, 40' pool and lush, tropical landscaping. Quietly chic and beautifully maintained Bermuda on east side of Everglades Island, overlooking waterway and Everglades Club Golf Course. Spectacular view corridors from all principal rooms including lovely Master Bedroom with balcony overlooking the waterway and golf course. Audubon lovers will delight in the mangrove trees bordering the golf course for the privacy they provide and the spectacular wildlife they attract. 7 BR, 7 baths including office, loggia, 2 BR, 2 BA cabana, 40' pool and lush, tropical landscaping. Exceptional and ample outdoor living.

Unit Size

4,424 Ft²

Days on Market

93 days

Land Size

0.55 acres

Price per sqft

$2,116

Property Type

House

Property Taxes

$6,370

HOA Dues

Year Built

1955

Payment Calculator

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Last updated: 5 months ago (Beaches MLS #R10025139)

Price History

Date / Event	Date	Event
Jan 8, 2025	Sold	Premium
Sold
Nov 28, 2024	In contract	-
In contract
Nov 6, 2024	Listed by Brown Harris Stevens of PB	$24,900,000
Listed by Brown Harris Stevens of PB

	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 ''alfresco'' dining. The house was taken down to the studs in 2016 and SEE MORE:
Jun 17, 2014	Sold	Premium
Sold
Mar 14, 2014	Listed by The Corcoran Group	$9,360,000
Listed by The Corcoran Group
Jun 10, 2002	Sold	Premium
Sold

Property Highlights

Garage

Parking Available

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1975
Building Count: 2
Bedroom Count: 9
Bathroom Count: 10
Full Bathrooms: 9
Partial Bathrooms: 10
Building Condition: 6
Building Quality: 0
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 4
Floor Count: 200
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 784
Parking Space Count: 3
Patio Type: 38
Porch Type: 126
Pool Type: 8

Dimensions

Lot Size Square Feet: 23,962

Lot Size Depth Feet: 150
Lot Size Frontage Feet: 1,500
Total Building Area: 6,207
Gross Building Area: 6,207
Building Area: 4,890
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 4,890
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: EVERGLADES ISLAND PL NO 3
Land Acres: 0000000550
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003514

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 163

Parcel: 50-43-43-27-03-000-0361
Lot: 36,38
Meridian: SEC 27 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.6972
Longitude: -80.0433

Address

Full Address: 550 Island Dr

Address - House Number: 550
Address - Street Name: Island
Address - Suffix Type: Dr
State: FL
City Name: Palm Beach
Carrier Code: C010
4-Digit Zip Code: 4747
Zip Code: 33480

Valuation

Tax

Total Area: 5,379

Tax Year: 2022
Tax Amount: $11,969,659
Tax Rate Code Area: 50417

Market Valuation

Market Total Value: $18,258,878

Market Land Value: $17,943,720
Market Improvement Value: $315,158

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $7,667,604

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jun 06, 2014

Current Sale Recording Date: Jun 17, 2014
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20140223299
Previous Sale Recording Date: Jun 10, 2002
Previous Sale Contract Date: May 30, 2002
Previous Sale Amount: $4,190,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Everglades Island

Stats & Trends

Median Asking:

$37,975,000

Sale Price/ft²

$7,225

Above Asking

0.00%

Average Days on Market

108

Average Home Size

5281 ft²

Average Home Age

22.5 years

Currently For Sale

0 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 184 Sunset Avenue, Palm Beach, FL, 33480

$5,950 /mo

1 Bed
1 Bath
600 ft²

184 Sunset Avenue #303, Palm Beach, FL, 33480 Listing by Nicholas Sliva

Unit for rent at 724 Park Place, West Palm Beach, FL, 33401

$8,250 /mo

4 Beds
3 Baths
3,258 ft²

724 Park Place, West Palm Beach, FL, 33401 Listing by Marisa L DiLenge

Unit for rent at 410 Evernia Street, West Palm Beach, FL, 33401

$7,500 /mo

3 Beds
2 Baths
1,575 ft²

410 Evernia Street #807, West Palm Beach, FL, 33401 Listing by Hillary Masters

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Rosalind Clarke
The Corcoran Group
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10025139

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

550 Island Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Everglades Island

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions