The Epitome of Palm Beach Chic on Everglades Island. This house is a true Bermuda style house with 150 feet of direct waterfront. Most ceilings are vaulted with pickled wood to create a sophisticated island atmosphere. There are multiple outdoor living spaces surrounding the infinity pool including a covered loggia with a fireplace. The magical garden has been beautifully maintained and provides total privacy throughout. The main house consists of 5 bedrooms and there is a separate guest house overlooking the water with 2 bedrooms. The structures were completely renovated in 2016 with no expense spared. Amenities include a full house generator, 2 car garage, a boatlift and one floating dock along with a new seawall. This is Island living at its best.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 1
Living Area: 4,922 SqFt
Listing Office:
Office Name: Brown Harris Stevens of PB (Wo
Office Phone: (561) 659-6400
Listing Agent: Liza P. Pulitzer
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Freezer, Microwave, Gas Range
This property is $27.3M more than the Median Sold Price and $5K/SqFt more than other homes in Palm Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-10884124
Listing Office:
Office Name: Brown Harris Stevens of PB (Wo
Office Phone: (561) 659-6400
Listing Agent: Liza P. Pulitzer
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 10:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 17, 2014
Jun 17, 2014Home Sold
$9,000,000
Jun 10, 2002
Jun 10, 2002Home Sold
$4,190,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$122,621
$7,341,495
2019
$122,403
$7,176,437
2018
$116,211
$7,042,627
2017
$116,381
$6,897,774
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Palm Beach Public School
239 Cocoanut Row
Distance between this listing and this school0.71 miles
Public Magnet Grades KG-5
Middle School
4
/10
Conniston Middle School
3630 Parker Ave
Distance between this listing and this school1.73 miles
Public Magnet Grades 6-8
High School
3
/10
Forest Hill Community High School
6901 Parker Ave
Distance between this listing and this school3.28 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Palm Beach Public School
239 Cocoanut Row
Distance between this listing and this school0.71 miles
Public Magnet Grades KG-5
Nearby Schools
3
/10
Belvedere Elementary School
3000 Parker Ave
Distance between this listing and this school1.34 miles
Public District Grades KG-5
3
/10
U. B. Kinsey/Palmview Elementary School
800 11th St
Distance between this listing and this school2.08 miles
Public Magnet Grades PK-5
Assigned Schools
4
/10
Conniston Middle School
3630 Parker Ave
Distance between this listing and this school1.73 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Roosevelt Middle School
1900 N Australian Ave
Distance between this listing and this school2.66 miles
Public Magnet Grades 6-8
4
/10
Renaissance Charter School At Summit
2001 Summit Blvd
Distance between this listing and this school2.72 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Forest Hill Community High School
6901 Parker Ave
Distance between this listing and this school3.28 miles
Public Magnet Grades 9-12
Nearby Schools
9
/10
Alexander W Dreyfoos Junior School of The Arts
501 S Sapodilla Ave
Distance between this listing and this school1.29 miles
Public Magnet Grades 9-12
7
/10
G-Star School of The Arts
2065 Prairie Rd Bldg J
Distance between this listing and this school4.38 miles
The neighbors living near this home have an average income of $332,054. Residents of Palm Beach, FL typically earn $200k+ each year. Most families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 550 Island Dr
What is the listing price of this property?
The listing price of 550 Island Dr property is $28,500,000.
What type of property is this?
The property 550 Island Dr is a house located in Palm Beach, Florida, 33480.
Is this property for sale now?
Active Listing: 550 Island Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 550 Island Dr are: Palm Beach Public School: GreatSchools Rating 7/10Conniston Middle School: GreatSchools Rating 4/10Forest Hill Community High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $122,621 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 17, 2014 for $9,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 550 Island Dr has 7 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 550 Island Dr is 4,922 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 550 Island Dr is 1955.
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This home is located at 550 Island Dr in Palm Beach, FL and zip code 33480 in the Everglades Island neighborhood. This 4,922 square foot home was built in 1955. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 24, 2023 and is currently priced at $28,500,000.
Over 3 listings were sold over their listed price in March 2024 in Palm Beach, FL. In the same period over 35 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Palm Beach, FL between February 2024 and March 2024 increased by 5.7%. While the average time on the market in March 2024 was 143 days, the median list price was $1,113,750.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
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