$1,400,000
Sold · April 29, 2026
550 Skylake Drive
West Palm Beach, FL 33415
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $1,400,000
- Vs. list price
- 0.4% over
- Days on market
- 34
- Price per sq ft
- $378
This 4-bedroom single-family home in Model Land Co sold for $1,400,000 on April 29, 2026. That was 0.4% above its final list price of $1,395,000. It first came on the market at $1,595,000, so the price was adjusted before it sold. It spent 34 days on the market. At $378 per square foot, it closed 6.5% above the $355 median of the 6 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $1,400,000
- Sold On
- April 29, 2026
- Days on Site
- 34 Days
- Bedrooms
- 4
- Total Baths
- 5
- Full Baths
- 3
- Partial Baths
- 2
- Living Area
- 3,704 sqft
- Total Sq Ft
- 4,661 sqft
- Lot Size
- 3.31 Acres
- Year Built
- 1996
- Property Type
- Single Family
- MLS #
- R11161152
- Property Tax
- $6,452 (2025)
- Subdivision
- MODEL LAND CO
- County
- Palm Beach
- Status
- Sold
- Special Conditions
- Standard
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1996
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- Multi Split / One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached Carport / Attached / Circular Driveway / Covered / Carport / Garage / Guest / Open / Rv Access Parking
- Direction Faces
- South
- Lot Size (Acres)
- 3.31
- Living Sq Ft
- 3,704
- Total Sq Ft
- 4,661
- Structure Type
- House
- Sewer
- Septic Tank
- Water Source
- Public / Well
- Zoning
- RS
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric / Zoned
- Heating
- Central / Electric / Heat Strip
- Flooring
- Ceramic Tile
- Fireplace
- Yes
- Spa
- Yes
- Interior Features
- Bathtub / Dining Area / Separate Formal Dining Room / Entrance Foyer / Eat In Kitchen / Family Dining Room / Jetted Tub / Kitchen Dining Combo / Main Level Primary / Multiple Primary Suites / Sitting Area In Primary / Split Bedrooms / Soaking Tub / Separate Shower / Tub Shower / Walk In Closets
- Laundry
- Inside
- Windows
- Plantation Shutters
- Main Level Bedrooms
- 3
- Main Level Baths
- 3
- Total Rooms
- 7
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Composition / Shingle
- Exterior Features
- Balcony / Outdoor Living Area
- Architectural Style
- Other
- Private Pool
- Yes
- Pool Features
- Free Form / Gunite / In Ground / Other
- Patio & Porch
- Open / Balcony
- Lot Features
- Fruit Trees / Sprinklers Automatic / Sprinkler System
- Waterfront Features
- None
- View
- Canal / Garden / Pool
Community & HOA
- Security
- Security System / Gated Community / Smoke Detectors / Security Lights
- Utilities
- Water Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Contract / Owner Will Carry
- Restrictions
- No Restrictions
- MLS Area
- 5510
Schools
- Elementary School
- Pine Jog
- Middle School
- Okeeheelee
- High School
- Palm Beach Central
About the Community
- Homes for Sale
- 6
- Median List Price
- $2,920,500
- Median $/Sq Ft
- $1,943
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 550 Skylake Drive, West Palm Beach, FL 33415?
- Use the Tour button on this listing to request a showing of 550 Skylake Drive, West Palm Beach, FL 33415. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 550 Skylake Drive, West Palm Beach, FL 33415 still available?
- 550 Skylake Drive, West Palm Beach, FL 33415 is currently listed as Sold, and has been on the market 34 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 550 Skylake Drive, West Palm Beach, FL 33415?
- With 20% down ($279,000) on the $1,395,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 550 Skylake Drive, West Palm Beach, FL 33415 is about $7,331/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 550 Skylake Drive, West Palm Beach, FL 33415?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 550 Skylake Drive, West Palm Beach, FL 33415. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 550 Skylake Drive, West Palm Beach, FL 33415?
- 550 Skylake Drive, West Palm Beach, FL 33415 is zoned for Pine Jog (elementary), Okeeheelee (middle), Palm Beach Central (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 550 Skylake Drive, West Palm Beach, FL 33415?
- Often, yes. The right offer on 550 Skylake Drive, West Palm Beach, FL 33415 depends on how it's priced against comparable single family sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of 920 Real Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$1,400,000
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Listed by Fred DeFalco, 920 Real Inc.
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Recent Sales
Recently sold homes in Model Land Co
These are the last 6 recorded closings in Model Land Co, with the price each home actually sold for rather than what it was listed at. They closed at a median of $365 per square foot. The most recent closed on July 20, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$490,000
Sold · July 20, 2026
695 Dixie Lane
3 bed · 2 bath · 1,344 sqft · $365/sqft
$9,900 under the asking price
Sold$595,000
Sold · June 17, 2026
694 Dixie Lane
3 bed · 4 bath · 1,885 sqft · $316/sqft
Sold$835,000
Sold · June 11, 2026
5800 Gun Club Road
4 bed · 3 bath · 1,848 sqft · $452/sqft
$7,000 over the asking price
Sold$550,000
Sold · May 12, 2026
5678 Silvian Road
3 bed · 2 bath · 1,378 sqft · $399/sqft
$9,900 under the asking price
Sold$475,000
Sold · March 30, 2026
708 Dixie Lane
3 bed · 3 bath · 1,380 sqft · $344/sqft
$5,000 under the asking price
Sold$540,000
Sold · December 22, 2025
2479 Pinecrest Court
4 bed · 2 bath · 1,682 sqft · $321/sqft
$10,100 over the asking price
See every recorded sale in Model Land Co or find out what your Model Land Co home is worth.
