1 month on rocket

748 Island Dr, Palm Beach, FL, 33480

$32,000,000

4 Bedrooms
4 Full Baths, 1 Partial
4,153 SqFt
$7,705/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1952
HeatingOther
CoolingNone
WaterfrontIntracoastal
FireplaceNone
Private PoolYes
MLS #RX-11040374
StatusActive

About 748 Island Dr

Bring your boat, build your dream. Nearly one-half acre looking over open water east to the estate section on the quiet south end of Everglades Island. Approval received for a large 614 sqft dock with two boat lifts. The property is the second from the southern tip of Everglades Island with easy access to deep water and spectacular long views down the Intracoastal. The current home is in excellent condition. It could easily be updated or enjoyed as is while a buyer makes plans to build something spectacular and new. A high-ceilinged living room runs length-wise along the east side of the house, bathed in light, with beautiful views to the water. This is a very special property, on the market for the first time in almost 50 years.

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:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Intracoastal

Parking Information:

  • Garage Space: 2 spaces

Virtual/3D Tour

  • Virtual Tour: 748 Island Dr
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Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $32,000,000
  • Price Per SqFt: $7,705/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

$1.3M

Med. Price/SqFt

$795

Avg. Days On Market

157

# of Sold Homes

17

748 Island Dr vs Palm Beach

41 DAYS ON ROCKET

-116 Days

$32,000,000

+$30.6M More

$7,705/SqFt

+$6.9K More

KEY TAKEAWAY

This property is $30.6M more than the Median Sold Price and $6.9K/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-11040374

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 2025 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: 1/6/2025, 5:20:53 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

$159.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$96K

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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.

Nearby Schools

school-card-donut-717715
8
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 1.17 miles

  • Public Magnet Grades KG-5

school-card-donut-717716
3
/10
  • Belvedere Elementary School

  • 3000 Parker Ave

  • 1.18 miles

  • Public District Grades PK-5

school-card-donut-717717
5
/10
  • Palmetto Elementary School

  • 5801 Parker Ave

  • 2.29 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $332,054. The most common annual income of people living in Palm Beach, FL is $200k+. Typical family type is 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 $32,000,000.

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 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 4 bedrooms and 4 full and 1 half 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: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $32,000,000.

Over 0 listings were sold over their listed price in December 2024 in Palm Beach, FL. In the same period over 16 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Palm Beach, FL between November 2024 and December 2024 increased by 8.7%. Listings spent 157 days on the market in December 2024, and had a median list price of $1,302,833 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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