$5,500,000
PENDING $995K PRICE DROP

224 Phipps Plaza Palm Beach, FL 33480

Estimated payment $31,247/month

Total Views 11,025
3 Beds
4 Baths
2,145 Sq Ft
$2,564 Price per Sq Ft

Highlights

  • Guest House
  • Traditional Architecture
  • No HOA
  • Palm Beach Public School Rated A-
  • Lanai
  • 1 Car Detached Garage

About This Home

Tucked away in the heart of Palm Beach, this quintessential island bungalow is a rare jewelbox, offering privacy, charm, and effortless indoor-outdoor living. Framed by lush tropical landscaping, the property unfolds as a serene retreat just moments from the Town's finest beaches, dining, and shopping. The main residence features two bedrooms and two-and-a-half bathrooms, highlighted by soaring ceiling heights and an abundance of natural light that creates an airy, relaxed atmosphere throughout. Thoughtfully designed living spaces flow seamlessly to multiple coquina patio areas, perfect for alfresco dining, entertaining, or quiet moments surrounded by nature. A one-bedroom guest house sits above the one-car garage, providing ideal accommodations for visitors or a private office or studio. Each structure is embraced by verdant gardens, enhancing the sense of seclusion and timeless Old Palm Beach elegance. This enchanting property captures the essence of classic Palm Beach livingan idyllic tropical sanctuary in an unparalleled central location. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.

Listing Agent

Cara McClure

Douglas Elliman License #SL-3177951 Listed on: 01/23/2026

Douglas Elliman

Co-Listing Agent

LISA WILKINSON

Douglas Elliman License #SL-3254735

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,634

Year Built

  • Built in 1938

Lot Details

  • 5,780 Sq Ft Lot
  • North Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned R-C - Medium Density Residential

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,145 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Double Hung Windows
  • Living Room

Kitchen

  • Single Oven
  • Gas Range
  • Freezer
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Lanai

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Plaza Pl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434322090000041

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,634

Year Built

Built in 1938

Lot Details

5,780 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 68
  • Subdivision Name: Plaza Pl
  • Architectural Style: Traditional
  • Year Built: 1938
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 22634.0
  • Location Tax Legal:Tax Year2: 2025
  • General Property Description:Living Area: 2145.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 68
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 5780
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • Pets:Weight Restrictions: No Restrictions
  • Windows:Double Hung: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Freezer, Range-Gas, Oven-Single, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Fireplace
  • Living Area: 2145.0
  • Window Features: Double Hung
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: No Pool
  • Pool Private: No
  • Waterfront Features: No - Waterfront
  • Waterfront: No
  • Construction Type: Stucco, Concrete, Block
  • Exterior Features: Fence-Back Wall, Sprinkler System
  • Other Structures: Guesthouse/Cottage
  • Patio And Porch Features: Patio/Lanai
  • Roof: Other
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Construction:Poured Concrete: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached, Air Conditioned
  • Garage Detached: Yes
  • Garage:Air Conditioned: Yes

Utilities

  • Security: No Security
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Utilities: Sewer
  • Water Source: City Water

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 5780.0
  • Parcel #: 50434322090000041
  • Zoning: R-C - Medium Density Residential

Tax Info

  • Tax Annual Amount: 22634.0
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,074 $1,514,665 -- --
2024 $11,074 $1,471,978 -- --
2023 $21,507 $1,429,105 $0 $0
2022 $21,525 $1,387,481 $0 $0
2021 $21,897 $1,347,069 $0 $0
2020 $21,931 $1,328,470 $0 $0
2019 $21,881 $1,298,602 $0 $0
2018 $20,793 $1,274,389 $0 $0
2017 $20,788 $1,248,177 $0 $0
2016 $10,166 $1,222,504 $0 $0
2015 $21,211 $1,214,006 $0 $0
2014 $21,312 $1,204,371 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2026 05/11/26 Pending -- -- --
04/29/2026 04/29/26 Price Changed $5,500,000 -6.8% $2,564 / Sq Ft
03/27/2026 03/27/26 Price Changed $5,900,000 -9.2% $2,751 / Sq Ft
01/23/2026 01/23/26 For Sale $6,495,000 0.0% $3,028 / Sq Ft
09/19/2013 09/19/13 Rented $62,400 0.0% --
08/20/2013 08/20/13 Under Contract -- -- --
08/16/2013 08/16/13 For Rent $62,400 -- --
Source: Palm Beach Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $500,000 Attorney
Warranty Deed $1,450,000 --
Warranty Deed $675,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $960,000 Purchase Money Mortgage
Previous Owner $575,000 No Value Available
Closed $240,000 No Value Available
Source: Public Records

Source: Palm Beach Board of REALTORS®

MLS Number: 26-154

APN: 50-43-43-22-09-000-0041

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