by Global Lifestyle Properties

See Home Value
$3,535,000
● House - Off Market

566 Palm Way

Gulf Stream, FL 33483
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,104 Ft²
$6,735,177
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Situated directly on the Intracoastal Waterway on a quiet cul-de-sac in Gulf Stream, this classic Bermuda styled home offers a fabulous carefree lifestyle. Boasting 150 feet of direct Intracoastal frontage, this single story home with sweeping water vistas from all major rooms features over 5,400 square feet of total living, four bedrooms, five baths, gourmet kitchen opening to a grand family room, living room with fireplace, dining room with tray ceiling, master bedroom with double sets of French doors, home office and/or library, mahogany floors, tray ceilings, custom moldings, and a spacious open floor plan. The outdoors offer a tropical paradise with an oversized covered loggia and a Zen like pool setting. The home is further enhanced by energy efficient custom solar panels.
Unit Size
4,104 Ft²
Days on Market
188 days
Land Size
-
Price per sqft
$925
Property Type
House
Property Taxes
$3,424
HOA Dues
-
Year Built
1998

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R10024252)

Price History

Date / Event Date Event Price
May 1, 2026 Sold
Sold
Dec 20, 2025 In contract -
In contract
Oct 9, 2025 Listed by Premier Estate Properties, Inc $13,495,000
Listed by Premier Estate Properties, Inc
This totally renovated Bermuda-inspired estate combines architectural refinement, modern amenities, and the serenity of a prime Intracoastal location. Every detail has been thoughtfully designed for comfort, privacy, and effortless waterfront living—making this a truly exceptional Gulf Stream residence. Totally renovated since 2016, this exquisite Bermuda-style home offers 150 feet of direct Intracoastal frontage in the highly sought-after town of Gulf Stream. Tucked away on a quiet cul-de-sac, the property sits across from a private bay, creating a tranquil coastal retreat that perfectly blends privacy, elegance, and the beauty of waterfront living. 566 Palm Way, Gulf Stream, Florida: Established as an exclusive winter resort in the 1920's, Gulf Stream is a hidden gem in the heart of South Florida's fabled Gold Coast. This quiet oceanfront hamlet, prized for exceptional quality of life and historic charm, is served by a winding stretch of Ocean Boulevard, canopied with Australian pines, that has been designated a Historic Scenic Highway. PROPERTY: On a cul-de-sac across the street from a private bay on a beautifully landscaped parcel, an old-brick driveway circles around a verdant oasis to the entry and two-bay garage creating a gracious first impression. In the turf-carpeted hedged backyard, the loggia, with a cypress-wood ceiling, flows out to the salt/chlorination heated pool and spa. Ideal for watersport enthusiasts, this residence fronts 150± feet directly on the Intracoastal with a 110± -foot composite dock. RESIDENCE: Capturing the ease and elegance of a refined lifestyle, this 5,454± total square foot, four-and-a-half-bath Bermuda-style residence, renovated since 2016, abounds with stunning features throughout. Within the sunlit interiors of its well-proportioned rooms, the clean neutral color palette is complemented by handsome hardwood flooring, while volume ceilings with cove lighting augment a sense of spaciousness. Banks of French doors from every major room create a seamless flow between inside and out, offering breathtaking views of the Intracoastal Waterway. Inviting gracious entertaining, the formal living room is anchored by the gas fireplace with a carved stone mantel, which can also be enjoyed from the adjoining dining room. Offering endless potential for family living and more informal gatherings are the open-concept family room, kitchen and breakfast area. A detail in the family room is a built-in bar with a refrigerator. Designed for culinary creation and connection, the gourmet kitchen, with two islands, is finished with high-end appliances, custom cabinetry and quartzite tops and backslashes. A perfect retreat for creative work or peaceful privacy, a handsome paneled library features built-in bookcases and offers views of the front gardens. The primary suite serves as a tranquil sanctuary, with French doors that open to the private water-view pergola. The suite comprises two custom-fitted walk-in closets and a spa-like bathroom, with dual custom wood vanities topped by marble, a glass-enclosed shower with seating, a separate soaking tub and two toilet rooms. Set aside in the opposite wing, a guest bedroom suite also opens to the pool area, while off the foyer, two additional guest bedroom suites offer views of the front gardens. Completing the layout are a half-bath, mud room and laundry room. Amenities include a full house generator, propane gas with 1,000-gallon tank and two air-conditioning systems only two years old. With its private Gulf Stream setting, masterful design and remarkable Intracoastal views, this estate is a place where dreams take root. Breakfast area chandelier excluded from sale. The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.
Sep 11, 2015 Sold
Sold
Mar 13, 2014 Listed by The Corcoran Group $3,795,000
Listed by The Corcoran Group
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 638
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,977
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 5,454
  • Gross Building Area: 5,454
  • Building Area: 4,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,284
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT OF POLO COVE
  • Land Acres: 0000000413
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: PLAT OF POLO COVE N 50 FT OF LT 21 & LT 22

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005411

Zoning

  • Zoning: RS-C

Geography

  • Assessors Map Reference: 331
  • Parcel: 20-43-46-03-02-000-0212
  • Lot: 21,22
  • Meridian: SEC 03 TWN 46S RNG 43E
  • Municipality: GULF STREAM
  • Latitude: 26.4949
  • Longitude: -80.0579

    Address

  • Full Address: 566 Palm Way
  • Address - House Number: 566
  • Address - Street Name: Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Delray Beach
  • Carrier Code: C021
  • 4-Digit Zip Code: 7362
  • Zip Code: 33483

Valuation

    Tax

  • Total Area: 4,726
  • Tax Year: 2022
  • Tax Amount: $5,243,326
  • Tax Rate Code Area: 20984

    Appraisal Valuation

  • Standard Deviation: 0.2687
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 61
  • Final Value: 5,426,296
  • High Value: 6,884,437
  • Low Value: 3,968,154

    Market Valuation

  • Market Total Value: $5,426,049
  • Market Land Value: $4,781,700
  • Market Improvement Value: $644,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,211,668

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 10, 2015
  • Current Sale Recording Date: Sep 11, 2015
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20150337062
  • Previous Sale Recording Date: Jun 04, 2008
  • Previous Sale Contract Date: May 30, 2008
  • Previous Sale Amount: $2,700,000
  • 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 Polo Cove


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 212 Kings Lynn, Delray Beach, FL, 33444

$9,500 /mo

  • 3 Beds
  • 3 Baths
  • 2,392 ft²
212 Kings Lynn, Delray Beach, FL, 33444 Listing by Michael Thomas Aron
Unit for rent at 820 Palm Trail, Delray Beach, FL, 33483

$8,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,721 ft²
820 Palm Trail, Delray Beach, FL, 33483 Listing by Kristen Reilly
Unit for rent at 922 Turner Road, Delray Beach, FL, 33483

$10,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,127 ft²
922 Turner Road, Delray Beach, FL, 33483 Listing by Robert S MacKinnon


Frequently Asked Questions

When was property at 566 Palm Way built and last sold?
The property at 566 Palm Way was built in 1998 and last sold on Sep 10, 2015 for $3,535,000.
How much is this home worth?
The estimated value of the home located at 566 Palm Way is $13,629,950.
What are some comparable homes to 566 Palm Way?
There are currently no comparable homes to 566 Palm Way.