748 Island Drive, Palm Beach, FL 33480

New Listing

$29,750,000

Virtual Tour

https://www.propertypanorama.com/748-Island-Drive-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,033 Status: Active

Current Price: $29,750,000 List Date: 3/31/2026 Last Modified: 3/31/2026

Overview

Description

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.

Supplements: 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.

Listing Details MLS# R11103870

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 5
Building Area Main: 5033
Building Area Source: Public Records
Living Area Main: 4153
Year Built: 1952
Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Gated Community YN: No
Lot Size Area: 20909
Lot Size Acres: 0.48
Lot Size Dimensions: 100.0 ft x 210.0 ft
Frontage Length: 100
Senior Community YN: No
Waterfront YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: West
Pool Private YN: Yes
Furnished: Unfurnished

Property Features

Flooring: Other Parking Features: Garage Property Condition: Resale Construction Materials: CBS Cooling: None Heating: Other Interior Features: None Listing Terms: Cash Other Equipment: None Pets Allowed YN: Yes Pets Allowed: No Restrictions Restrictions: No Restrictions Roof: Other Storm Protection Details: None Structure Type: House Tax Information: City/County Utilities: Cable Available Waterfront Features: Intracoastal Showing Requirements: Call Listing Agent Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2025-07-01
Original List Price: 32000000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 748
Street Name: Island
Street Suffix: Drive
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: EVERGLADES ISLAND 2
Area: 5003
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434327020000880
Zoning: R-B(ci
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.

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 136494
Tax Year: 2024
Tax Legal Description: PL NO 2 EVERGLADES ISLAND LT 88
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-03-31T20:28:36Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-31T20:28:36Z
Status Change Date: 2026-03-31

More Information

Main Level Rooms

Main Level Bathrooms: 5
Main Level Bedrooms: 5

Showing Details

Pet(s) on Premises: No

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 6358.03

Originating Details

Originating System Key: 20250701132644799057000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Flooring

Other: Yes

Parking Features

Garage: Yes

Property Condition

Resale: Yes

Structure Type

House: Yes

Utilities

Cable Available: Yes

Heating

Other: Yes

Construction Materials

CBS: Yes

Interior Features

None: Yes

Listing Terms

Cash: Yes

Other Equipment

None: Yes

Roof

Other: Yes

Waterfront Features

Intracoastal: Yes

Cooling

None: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

None: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

City/County: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Room Information

Room Name	Length	Width	Level
Living Room	1.00	1.00	Main
Kitchen	1.00	1.00	Main
Master Bedroom	1.00	1.00	Main

Listing Office: Sotheby's Intl. Realty, Inc.

Last Updated: March - 31 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

748 Island Drive, Palm Beach, FL 33480 (MLS# R11103870)