EVERGLADES ISLAND 3
550 Island Drive, Palm Beach FL 33480
6 beds · 5.5 baths · 4,890 ft²
$24,900,000
Est. Payment $132,528/mo
6
Bedrooms
5.5
Bathrooms
4,890
Sq. Ft.
1955
Year Built
2
Garage
1
Stories
20
Days on Market
Description
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: completely rebuilt with no expense spared. The renovation includes a cement slurry roof, all impact windows and doors, a new seawall, boat lift, 2 floating docks and a full house generator just to name a few. The outdoor lighting is exquisite throughout the garden and illuminates the water at night from the seawall. The effect is stunning. This is island living at its best.
Facts
- MLS#
- R11034636
- Subdivision
- EVERGLADES ISLAND 3
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 23,958 ft²
- Sq. Ft.
- 4,890 ft²
- Sq. Mt.
- 454 m²
- Price per sq. ft.
- $5,092/ft²
- Price per sq. mt.
- $54,846/m²
- Stories
- 1
- Garage
- 2 spaces
- Pool
- Private
- Days on Market
- 20 days
- Listed
- Nov 6, 2024
- Last Updated
- Aug 13, 2026
- Price/Lot Sq.Ft.
- $1,039/ft²
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Market insights for Palm Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
72
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 8/13/2026 | Sold | $24,900,000 |
| 11/6/2024 | Listed for sale | $24,900,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$153,428/mo
Principal & Interest
$132,528
Property Tax
$20,750
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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