566 Palm Way

Listing Snapshot

Sold Price

$11,800,000

Sold On

May 1, 2026

Days on Site

58 Days

Bedrooms

4

Total Baths

5

Full Baths

4

Partial Baths

1

Living Area

4,456 sqft

Total Sq Ft

5,454 sqft

Lot Size

0.41 Acres

Year Built

1998

Property Type

Single Family

MLS #

R11130920

Property Tax

$53,839 (2024)

Subdivision

POLO COVE

County

Palm Beach

Status

Sold

About This Property

This totally renovated Bermuda-inspired estate combines architectural refinement, modern amenities, and the serenity of a prime Intracoastal location. Every detail has been thoughtfully designed for comfort, privacy, and effortless waterfront living—making this a truly exceptional Gulf Stream residence. Totally renovated since 2016, this exquisite Bermuda-style home offers 150 feet of direct Intracoastal frontage in the highly sought-after town of Gulf Stream. Tucked away on a quiet cul-de-sac, the property sits across from a private bay, creating a tranquil coastal retreat that perfectly blends privacy, elegance, and the beauty of waterfront living. 566 Palm Way, Gulf Stream, Florida: Established as an exclusive winter resort in the 1920's, Gulf Stream is a hidden gem in the heart of South Florida's fabled Gold Coast. This quiet oceanfront hamlet, prized for exceptional quality of life and historic charm, is served by a winding stretch of Ocean Boulevard, canopied with Australian pines, that has been designated a Historic Scenic Highway. PROPERTY: On a cul-de-sac across the street from a private bay on a beautifully landscaped parcel, an old-brick driveway circles around a verdant oasis to the entry and two-bay garage creating a gracious first impression. In the turf-carpeted hedged backyard, the loggia, with a cypress-wood ceiling, flows out to the salt/chlorination heated pool and spa. Ideal for watersport enthusiasts, this residence fronts 150± feet directly on the Intracoastal with a 110± -foot composite dock. RESIDENCE: Capturing the ease and elegance of a refined lifestyle, this 5,454± total square foot, four-and-a-half-bath Bermuda-style residence, renovated since 2016, abounds with stunning features throughout. Within the sunlit interiors of its well-proportioned rooms, the clean neutral color palette is complemented by handsome hardwood flooring, while volume ceilings with cove lighting augment a sense of spaciousness. Banks of French doors from every major room create a seamless flow between inside and out, offering breathtaking views of the Intracoastal Waterway. Inviting gracious entertaining, the formal living room is anchored by the gas fireplace with a carved stone mantel, which can also be enjoyed from the adjoining dining room. Offering endless potential for family living and more informal gatherings are the open-concept family room, kitchen and breakfast area. A detail in the family room is a built-in bar with a refrigerator. Designed for culinary creation and connection, the gourmet kitchen, with two islands, is finished with high-end appliances, custom cabinetry and quartzite tops and backslashes. A perfect retreat for creative work or peaceful privacy, a handsome paneled library features built-in bookcases and offers views of the front gardens. The primary suite serves as a tranquil sanctuary, with French doors that open to the private water-view pergola. The suite comprises two custom-fitted walk-in closets and a spa-like bathroom, with dual custom wood vanities topped by marble, a glass-enclosed shower with seating, a separate soaking tub and two toilet rooms. Set aside in the opposite wing, a guest bedroom suite also opens to the pool area, while off the foyer, two additional guest bedroom suites offer views of the front gardens. Completing the layout are a half-bath, mud room and laundry room. Amenities include a full house generator, propane gas with 1,000-gallon tank and two air-conditioning systems only two years old. With its private Gulf Stream setting, masterful design and remarkable Intracoastal views, this estate is a place where dreams take root. Breakfast area chandelier excluded from sale. The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.

General Features

Property Type

Single Family

Status

Sold

Year Built

1998

Property Condition

Resale

Number of Stories

1

Levels

One

Attached Garage

Yes

Parking

Attached / Garage / Garage Door Opener

Direction Faces

East

Lot Size (Acres)

0.41

Living Sq Ft

4,456

Total Sq Ft

5,454

Sewer

Public Sewer

Water Source

Public

Zoning

RS-C(c

Interior Features

Appliances

Dryer / Dishwasher / Free Standing Freezer / Disposal / Gas Range / Ice Maker / Microwave / Oven / Refrigerator / Washer

Cooling

Central Air

Heating

Central

Flooring

Carpet / Marble / Wood

Fireplace

Yes

Spa

Yes

Spa Features

Heated / In Ground

Interior Features

Built In Features / Breakfast Area / Bathtub / Closet Cabinetry / Dining Area / Separate Formal Dining Room / Dual Sinks / Kitchen Island / Main Level Primary / Storage / Soaking Tub / Separate Shower / Bar / Walk In Closets

Laundry

Inside / Laundry Tub

Windows

Storm Windows

Main Level Bedrooms

4

Main Level Baths

5

Total Rooms

10

Furnished

Unfurnished

Exterior Features

Construction

Block

Roof

Concrete / Tile

Exterior Features

Outdoor Living Area

Architectural Style

Ranch

Private Pool

Yes

Pool Features

Heated / In Ground / Salt Water

Patio & Porch

Covered / Patio

Lot Features

Quarter To Half Acre Lot / Sprinklers Automatic

Waterfront

Yes

Waterfront Features

Intracoastal Access

View

Intercoastal

Community & HOA

Association Amenities

None

Security

Security System

Utilities

Cable Available / Sewer Available / Water Available

Pets Allowed

No Pet Restrictions / Yes

Financing Terms

Cash / Conventional

Restrictions

No Restrictions

MLS Area

4130