224 Phipps Plaza Palm Beach, FL 33480
Estimated payment $31,046/month
Highlights
- Traditional Architecture
- Garden View
- No HOA
- Palm Beach Public School Rated A-
- Outdoor Living Area
- 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. SEE MORE... 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 living an 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,634
Year Built
- Built in 1938
Lot Details
- North Facing Home
- Fenced
- Sprinkler System
- Property is zoned R-C
Parking
- 1 Car Detached Garage
Home Design
- Traditional Architecture
- Flat Roof Shape
Interior Spaces
- 2,145 Sq Ft Home
- 1-Story Property
- Fireplace
- Double Hung Metal Windows
- Carpet
- Garden Views
Kitchen
- Eat-In Kitchen
- Oven
- Gas Range
- Free-Standing Freezer
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
- Outdoor Living Area
Schools
- Palm Beach Public Elementary School
- Forest Hill High School
Utilities
- Central Heating and Cooling System
- Three-Phase Power
- Cable TV Available
Community Details
- No Home Owners Association
- Plaza Pl In Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434322090000041
Map
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2026 04/29/26 | Price Changed | $5,500,000 | -6.8% | $2,564 / Sq Ft |
| 04/10/2026 04/10/26 | 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | Attorney | |
| Warranty Deed | $1,450,000 | -- | |
| Warranty Deed | $675,000 | -- |
Mortgage History
| 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: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11157224
APN: 50-43-43-22-09-000-0041
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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