3 months on rocket

748 Island Dr, Palm Beach, FL, 33480

$38,000,000

5 Bedrooms
5 Full Baths
4,153 SqFt
$9,150/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1952
HeatingOther
CoolingNone
WaterfrontIntracoastal
FireplaceNone
Private PoolYes
MLS #RX-10946905
StatusActive

About 748 Island Dr

An impossible to find waterfront vista- east/southeast facing, with nearly one-half acre of property looking over open water to the estate section. Update the lovely 1950's era existing one-story house, designed by prominent Modernist architect Byron Simonson, or live there while making plans to build your dream home. Ideal for boaters looking for quick deep water access, the property is the second from the southern tip of Everglade Island with spectacular long views down the Intracoastal. The current home is in excellent condition with a fully equipped kitchen and 4 bedrooms plus a library with full bath surrounding an interior glassed courtyard. A high-ceilinged living room runs length-wise along the east side of the house, bathed in light, with beautiful views to the water.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 1
  • Living Area: 4,153 SqFt

Listing Office:

  • Office Name: Sotheby's Intl. Realty, Inc.
  • Office Phone: (561) 659-3555
  • Listing Agent: Lisa Cregan

Interior Features

Interior Information:

  • Appliances: None
  • Flooring Type: Other
  • Interior: None
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Intracoastal

Parking Information:

  • Garage Space: 2 spaces

Virtual/3D Tour

  • Virtual Tour: 748 Island Dr

Virtual Tour

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

School Info

Assigned Schools Information:

  • Forest Hill Community High School, Public Magnet Grades 9-12
  • Conniston Middle School, Public Magnet Grades 6-8
  • Palm Beach Public School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: from Royal Palm Way, make right turn on to S County Rd, then right on Island Rd and left after crossing the bridge on to Island Drive. 748 Island Drive is on the left, second house from end.

Price Information

Listing Price Info

Price Summary:

  • List Price: $38,000,000
  • Price Per SqFt: $9,150/SqFt

Tax Information:

  • Annual Amount: $138,453
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Beach, FL.

Med. Sold Price

$1.1M

Med. Price/SqFt

$711

Avg. Days On Market

143

# of Sold Homes

38

748 Island Dr vs Palm Beach

116 DAYS ON ROCKET

-27 Days

$38,000,000

+$36.8M More

$9,150/SqFt

+$8.4K More

KEY TAKEAWAY

This property is $36.8M more than the Median Sold Price and $8.4K/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-10946905

Listing Office:

  • Office Name: Sotheby's Intl. Realty, Inc.
  • Office Phone: (561) 659-3555
  • Listing Agent: Lisa Cregan

IDXAll 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: 4/28/2024, 10:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$138,453$8,312,325
2019$138,182$8,124,095
2018$136,286$8,242,826
2017$126,790$7,493,144

History based on county public records data.

Payment Calculator

$189.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$113.9K

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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

school-card-donut-2665443
7
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 1.19 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2665444
4
/10
  • Conniston Middle School

  • 3630 Parker Ave

  • 1.40 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2665445
3
/10
  • Forest Hill Community High School

  • 6901 Parker Ave

  • 2.85 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

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. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 748 Island Dr

What is the listing price of this property?

The listing price of 748 Island Dr property is $38,000,000.

What type of property is this?

The property 748 Island Dr is a house located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 748 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 748 Island Dr are:
Palm Beach Public School: GreatSchools Rating 7/10
Conniston Middle School: GreatSchools Rating 4/10
Forest 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 $138,453 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 748 Island Dr has 5 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 748 Island Dr is 4,153 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 748 Island Dr is 1952.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›748 Island Dr

This home is located at 748 Island Dr in Palm Beach, FL and zip code 33480 in the Everglades Island neighborhood. This 4,153 square foot home was built in 1952. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 03, 2024 and is currently priced at $38,000,000.

Palm Beach, FL housing market in March 2024 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 35 sold below. Between February 2024 and March 2024, Palm Beach, FL real estate market has seen increase in the number of listings 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.

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