$29,750,000
748 Island Drive
Palm Beach, FL 33480
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $29,750,000
- Price per sq ft
- $7,163
- Original price
- $32,000,000
- Days on market
- 444
This 5-bedroom single-family home in Everglades Island 2 went under contract with an asking price of $29,750,000, or $7,163 per square foot. The asking price has come down 7% from its original $32,000,000. It spent 444 days on the market before going under contract.
Estimated monthly payment
$156,349 /mo
Principal and interest only, based on $5,950,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $29,750,000
- Days on Site
- 444 Days
- Bedrooms
- 5
- Total Baths
- 5
- Full Baths
- 5
- Partial Baths
- 0
- Living Area
- 4,153 sqft
- Total Sq Ft
- 5,033 sqft
- Lot Size
- 0.48 Acres
- Year Built
- 1952
- Property Type
- Single Family
- MLS #
- R11103870
- Property Tax
- $136,494 (2024)
- Subdivision
- EVERGLADES ISLAND 2
- County
- Palm Beach
- Status
- Under Contract
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1952
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Garage
- Direction Faces
- West
- Lot Size (Acres)
- 0.48
- Living Sq Ft
- 4,153
- Total Sq Ft
- 5,033
- Structure Type
- House
- Zoning
- R-B(ci
Interior Features
- Cooling
- None
- Heating
- Other
- Flooring
- Other
- Interior Features
- None
- Main Level Bedrooms
- 5
- Main Level Baths
- 5
- Total Rooms
- 3
- Furnished
- Unfurnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Other
- Private Pool
- Yes
- Lot Features
- Quarter To Half Acre Lot
- Waterfront
- Yes
- Waterfront Features
- Intracoastal Access
- Frontage
- Waterfront
- Frontage Length
- 100.00 ft
- View
- Intercoastal
Community & HOA
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash
- Restrictions
- No Restrictions
- MLS Area
- 5003
About the Community
- Homes for Sale
- 0
Frequently Asked Questions
- How do I schedule a tour of 748 Island Drive, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 748 Island Drive, Palm Beach, FL 33480. 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 748 Island Drive, Palm Beach, FL 33480 still available?
- 748 Island Drive, Palm Beach, FL 33480 is currently listed as Under Contract, and has been on the market 444 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 748 Island Drive, Palm Beach, FL 33480?
- With 20% down ($5,950,000) on the $29,750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 748 Island Drive, Palm Beach, FL 33480 is about $156,349/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 748 Island Drive, Palm Beach, FL 33480?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 748 Island Drive, Palm Beach, FL 33480. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 748 Island Drive, Palm Beach, FL 33480?
- Often, yes. The right offer on 748 Island Drive, Palm Beach, FL 33480 depends on how it's priced against comparable single family sales in 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 Sotheby's Intl. Realty, 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 June 23, 2026.
$29,750,000
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Listed by John F Cregan, Sotheby's Intl. Realty, Inc.
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Recent Sales
Recently sold homes in Everglades Island 2
These are the last 3 recorded closings in Everglades Island 2, with the price each home actually sold for rather than what it was listed at. They closed at a median of $6,766 per square foot. The most recent closed on September 1, 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$40,000,000
Sold · September 1, 2026
608 Island Drive
5 bed · 6.5 bath · 5,912 sqft · $6,766/sqft
$1,000,000 under the asking price
Sold$39,200,000
Sold · June 22, 2026
690 Island Drive
0 bed · 0 bath
$3,700,000 under the asking price
Sold$30,000,000
Sold · March 12, 2026
751 Island Drive
5 bed · 5.5 bath · 4,651 sqft · $6,450/sqft
$4,950,000 under the asking price
See every recorded sale in Everglades Island 2 or find out what your Everglades Island 2 home is worth.
