748 Island Drive Palm Beach, FL $ 29,750,000
748 Island Drive
$ 29,750,000
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748 Island Drive

Palm Beach, FL, 33480
$ 29,750,000
Bedrooms5 Baths5.0 Sq 4,153

Monthly Estimate*

$ 183,176

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Single Family Home for sale in Palm Beach, FL

for $29,750,000 with 5 bedrooms and 5 full baths. This 4,153 square foot home was built in 1952 on a lot size of 0.48.

Only property available on Everglade Island. Long open water views on the quiet east side of Everglades Island. Positioned just two lots from the southern tip, this home offers extraordinary views across to Palm Beach's estate section. Enjoy sunrises and shimmering water vistas from your future dock--already approved for a generous 614 sq ft structure with two boat lifts and quick access to deep water. Whether you're an avid boater or simply seeking serenity, this location delivers unmatched beauty and convenience. The existing home is in excellent condition and features a high-ceilinged, light-filled living room that spans the eastern side of the house, perfectly framing the breathtaking water views. The house can be updated or enjoyed as-is while you design a spectacular new residence. Offered for the first time in nearly 50 years, this is a truly special waterfront property in one of Palm Beach's most exclusive enclaves. The Everglades Island neighborhood also benefits from private security patrols, ensuring peace of mind and privacy.

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Single Family Active

Price

$ 29,750,000

Bedrooms

5

Full Bath

5

Property Type

Single Family

Taxes

$ 136,494

Style

Lot Size

0.48

Year Built

1952

Town/City

Palm Beach

County/Region

Palm Beach

MLS | Web ID

R11103870

Features
General
Heating Other
Cooling None
Utilities CableAvailable
Roof Other
Garage Spaces 2
Construction Materials Block
Pets Allowed NoPetRestrictions Yes
Year Built 1952
Stories Count 1
Levels One
Property Subtype SingleFamilyResidence
Tax Year 2024
Waterfront Features IntracoastalAccess
County Palm Beach
New Construction false
Property Type Residential
Subdivision Name EVERGLADES ISLAND 2
Facing Direction West
Garage Y/N true
Full Baths 5
Status Active
Directions Take S County south from Worth Ave make a right onto Island Road then left after crossing the bridge on to Island Drive. House is on your left at end of the island.
City Palm Beach
Senior Community Y/N false
MLS Area 5003
Tax Annual Amount 136494
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/748-Island-Drive-Palm-Beach-FL-33480/unbranded
Standard Status Active
Property Sub Type Additional SingleFamilyResidence
Legal Description PL NO 2 EVERGLADES ISLAND LT 88
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Interior
Interior Amenities None
Flooring Other
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N false
Heating Y/N true
Half Baths 0
Total Bedrooms 5
Main Level Bedrooms 5
Main Level Bathrooms 5
Total Baths 5
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Exterior
Parking Features Garage
Lot Features QuarterToHalfAcreLot
Lot Size Area 20909
Building Area Total 5033
Lot Dimensions 100.0 ft x 210.0 ft
Lot Size Acres 0.48
Waterfront Y/N true
Covered Spaces 2
Other Equipment None
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* Excluded Features
List By
John F Cregan

Listing Agent

Affordability Calculator

$194,550
Per Month
94%
6%
0%
Monthly Principal & Interest
$183,176
Monthly Property Taxes
$11,375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$29,750,000 Listed Price

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748 Island Drive, Palm Beach, FL, 33480 is a Single Family Home for sale at $29,750,000 with 4,153 sqft and a lot size of 0.48. 748 Island Drive has 5 bedrooms, 5.0 baths, and was built in 1952. The property's zip code is 33480 which is in Palm Beach, FL