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:
This property is $23.6M more than the Median Sold Price and $4.2K/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-11034636
Listing Office:
Office Name: Brown Harris Stevens of PB
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: 11/14/2024, 10:20:49 PM 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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Palm Beach Public School
239 Cocoanut Row
Distance between this listing and this school0.70 miles
Public Magnet Grades KG-5
3
/10
Belvedere Elementary School
3000 Parker Ave
Distance between this listing and this school1.37 miles
Public District Grades PK-5
5
/10
U. B. Kinsey/Palmview Elementary School
800 11th St
Distance between this listing and this school2.09 miles
Public Magnet Grades PK-5
Nearby Schools
4
/10
Academy for Positive Learning
2405 Mercer Ave
Distance between this listing and this school1.62 miles
Public Charter Grades KG-8
3
/10
Conniston Community Middle School
3630 Parker Ave
Distance between this listing and this school1.76 miles
Public Magnet Grades 6-8
4
/10
Roosevelt Community Middle School
1900 N Australian Ave
Distance between this listing and this school2.68 miles
Public Magnet Grades 6-8
Nearby Schools
9
/10
Alexander W Dreyfoos Junior School of the Arts
501 S Sapodilla Ave
Distance between this listing and this school1.30 miles
Public Magnet Grades 9-12
1
/10
Worthington High School
1711 Worthington Rd
Distance between this listing and this school2.11 miles
Public Charter Grades 9-12
1
/10
Florida Futures Academy North Campus
1760 N Congress Ave
Distance between this listing and this school2.66 miles
The neighbors living near this home have an average income of $332,054. Typical income of Palm Beach, FL residents is $200k+ annually. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
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 $24,900,000.
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 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 6 bedrooms and 5 full and 1 half bathrooms.
What is the square footage of this property?
The property 550 Island Dr is 4,890 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 4,890 square foot home was built in 1955. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $24,900,000.
Palm Beach, FL housing market in October 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 12 sold below. The number of homes for sale in Palm Beach, FL increased by 19.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 116 days, the median list price was $1,275,000.
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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