MODEL LAND CO

550 Skylake Drive, West Palm Beach FL 33415

4 beds · 3.5 baths · 3,704 ft²

Closed

$1,395,000

12.54%

Est. Payment $7,425/mo

MLS Sheet Video

4

Bedrooms

3.5

Bathrooms

3,704

Sq. Ft.

1996

Year Built

2

Garage

1

Stories

34

Days on Market

Description

Rare 3.3-acre private oasis and custom home, build 8 more homes, Single home a private retreat, family compound, or long-term investment, this hidden gem delivers space, privacy, and possibilities rarely found in Palm Beach County. A buyer stepped forward on this Estate Home on 3.3 Acres that was listed with an outstanding broker, but no sale for over one year. They secured first place on this remarkable property at a remarkable price. Between the contract and the closing table, things can happen like life events. Our Backup Plan PAYS the second buyer to secure 2nd position, become the backup buyer and be paid for it. Rarely does a property offer this level of privacy, acreage, flexibility, and location within Palm Beach County. Situated on approximately 3.3 acres, this unique West Palm Beach estate is tucked away behind mature trees and lush natural landscaping, creating a true private oasis ideal for buyers seeking space, seclusion, and long-term versatility. The setting feels worlds away, yet remains remarkably connected. The property is centrally located with convenient access to I-95, the Florida Turnpike, and Palm Beach International Airport, making daily travel and long-distance connectivity easy and efficient. Downtown West Palm Beach, Palm Beach Island, beaches, dining, and shopping are all within a short drive. Fort Lauderdale and Miami are also easily accessible, offering additional international travel options, business centers, and cultural destinations throughout South Florida. The existing residence is move-in ready and lends itself well to a compound-style lifestyle, whether for a large family, multi-generational living, or buyers who value space for extended family, guests, or personal pursuits. The expansive acreage provides room for additional structures, outdoor amenities, gardens, recreation, or future expansion, subject to local approvals. For those who simply want land this property delivers a level of breathing room that is becoming increasingly rare in Palm Beach County. This property is especially appealing to buyers seeking: A private family compound Multi-generational living or shared family ownership Space for multiple vehicles, equipment, hobbies, or home-based needs A quiet retreat without sacrificing access to major roads and airports Long-term land value and flexibility in a high-demand county For builders or investors, the parcel offers compelling potential. The acreage size and configuration present opportunities for future redevelopment or additional residences, subject to zoning and municipal approvals. Whether held as a personal estate, improved over time, or explored for development potential, the property supports a wide range of visions and timelines. Palm Beach County continues to attract national and international interest due to its favorable climate, business-friendly environment, cultural amenities, and quality of life. West Palm Beach, in particular, has experienced ongoing growth, infrastructure investment, and demand from both full-time residents and seasonal owners. Properties offering significant acreage within this area are increasingly scarce, making this offering especially notable. What truly sets this property apart is its intentional seclusion. The surrounding trees, depth of the lot, and setback from surrounding roads create an atmosphere of calm and privacy that is difficult to replicate. This is not a typical neighborhood setting it is a place for buyers who appreciate discretion, independence, and space to live on their own terms. Whether envisioned as a private retreat, a family legacy property, a multi-home compound, or a future development opportunity, this 3.3-acre estate represents a rare chance to secure land, privacy, and flexibility in one of South Florida's most desirable and accessible regions.

Facts

MLS#
R11161152
Subdivision
MODEL LAND CO
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1996
Lot Size
144,184 ft²
Sq. Ft.
3,704 ft²
Sq. Mt.
344 m²
Price per sq. ft.
$377/ft²
Price per sq. mt.
$4,055/m²
Stories
1
Garage
2 spaces
Pool
Private
Days on Market
34 days
Listed
Feb 5, 2026
Last Updated
Aug 17, 2026
Price/Lot Sq.Ft.
$10/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for West Palm Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

27

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).

8/17/2026Sold$1,395,000
3/5/2026Price change$1,395,000-12.5%
2/5/2026Listed for sale$1,595,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

550 Skylake Drive, West Palm Beach FL 33415Directions

Estimated Monthly Payment

$8,737/mo

Principal & Interest

$7,425

Property Tax

$1,163

Insurance

$150

HOA

$0

20% ($279,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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