When was property at 748 Island Drive built and last sold?

The property at 748 Island Drive was built in 1952 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 748 Island Drive is $30,047,500.

What are some comparable homes to 748 Island Drive?

There are currently no comparable homes to 748 Island Drive.

Palm Beach

33480

Everglades Island

748 Island Drive

Map

$29,750,000

● House - In Contract

748 Island Drive

Palm Beach, FL 33480

5 Beds

5 Baths

4,153 Ft²

$157,452

Est. Monthly

-0.20%

Cap Rate

About This Property

Long open water views on the quiet east side of Everglades Island. Positioned just two lots from the southern tip, this home offers extraordinary views across to Palm Beach's estate section. Enjoy sunrises and shimmering water vistas from your future dock--already approved for a generous 614 sq ft structure with two boat lifts and quick access to deep water. Whether you're an avid boater or simply seeking serenity, this location delivers unmatched beauty and convenience. The existing home is in excellent condition and features a high-ceilinged, light-filled living room that spans the eastern side of the house, perfectly framing the breathtaking water views. The house can be updated or enjoyed as-is while you design a spectacular new residence. Offered for the first time in nearly 50 years, this is a truly special waterfront property in one of Palm Beach's most exclusive enclaves. The Everglades Island neighborhood also benefits from private security patrols, ensuring peace of mind and privacy.

Unit Size

4,153 Ft²

Days on Market

Land Size

0.48 acres

Price per sqft

$7,164

Property Type

House

Property Taxes

$11,375

HOA Dues

Year Built

1952

Listed By

John F Cregan

[email protected]

Sotheby's Intl. Realty, Inc.

Payment Calculator

Cap Rate Calculator

Last updated: 28 days ago (Beaches MLS #R11103870)

Price History

Date / Event	Date	Event
Sep 18, 2026	In contract	-
In contract
Mar 31, 2026	Price Decreased	$29,750,000 ↓ $2M (7%)
Price Decreased
Jul 1, 2025	Listed by Sotheby's Intl. Realty, Inc.	$32,000,000
Listed by Sotheby's Intl. Realty, Inc.

Property Highlights

Garage

Parking Details

Has Garage

Attached Garage

Parking Features: Attached, Garage

Garage Spaces: 2

Interior Details

Full Bathrooms: 5

Interior Features: None

Flooring Type: Other

Rooms: 3

Exterior Details

Square Footage: 4153

Property Condition: Resale

Year Built: 1952

Waterfront Features: IntracoastalAccess

Building Area Total: 5033

Levels: One

Construction Materials: Block, CBSConcreteBlockStructure

Pool is Private

Lot Features: QuarterToHalfAcreLot

Lot Size Area: 20908.8

Lot Size Units: Square Feet

Lot Size Acres: 0.48

Lot Size Square Feet: 20908.8

Lot Size Dimensions: 100.0 ft x 210.0 ft

Financial Details

Tax Annual Amount: $136,494

Utilities Details

Cooling Type: None

Heating Type: Other

Building Info

Overview

General

Year Built: 1952

Effective Year Built: 1985
Building Count: 1
Bedroom Count: 4
Bathroom Count: 5
Full Bathrooms: 4
Partial Bathrooms: 5
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 20
Roof Shape Type: 14
Roof Cover Type: 2
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 512
Parking Space Count: 2
Patio Type: 58
Porch Type: 126
Pool Type: 8

Dimensions

Lot Size Square Feet: 20,721

Lot Size Depth Feet: 210
Lot Size Frontage Feet: 1,000
Total Building Area: 5,033
Gross Building Area: 5,033
Building Area: 4,153
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 4,153
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PL NO 2 EVERGLADES ISLAND
Land Acres: 0000000476
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: PL NO 2 EVERGLADES ISLAND LT 88

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003514

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 163

Parcel: 50-43-43-27-02-000-0880
Lot: 88
Meridian: SEC 27 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.6902
Longitude: -80.0434

Address

Full Address: 748 Island Dr

Address - House Number: 748
Address - Street Name: Island
Address - Suffix Type: Dr
State: FL
City Name: Palm Beach
Carrier Code: C010
4-Digit Zip Code: 4743
Zip Code: 33480

Valuation

Tax

Total Area: 4,482

Tax Year: 2022
Tax Amount: $13,521,618
Tax Rate Code Area: 50417

Market Valuation

Market Total Value: $18,481,824

Market Land Value: $18,169,932
Market Improvement Value: $311,892

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $8,681,559

Exemptions

Homeowner Exemption: Yes

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

Request mortgage information redaction

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

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Listed by: John F Cregan
Sotheby's Intl. Realty, Inc.
Last Updated: 28 days ago
Data Source: Beaches MLS, MLS# R11103870

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.