$18,500,000

Estimated payment $119,245/month

5 Beds
6.5 Baths
4,525 Sq Ft
$4,088 Price per Sq Ft

Highlights

  • Spa
  • Two Primary Bathrooms
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Garage Apartment
  • Vaulted Ceiling
  • Wood Flooring

About This Home

RARE IN-TOWN LOCATION! Perfectly positioned in the heart of Palm Beach's most coveted streets, this exceptional residence offers the ultimate island lifestyle just moments from the beach, Worth Avenue, the Lake Trail, Palm Beach Marina, the Island's celebrated restaurants, new Vineta Hotel, boutiques, and private clubs. This is an amazing opportunity to enjoy an unparalleled walkable lifestyle in one of the world's most exclusive destinations. Spanning approximately 5,250± square feet, the residence offers 5 bedrooms, including a flexible fifth bedroom currently designed as an office, 6.5 bathrooms, and a thoughtfully designed floor plan that effortlessly balances sophisticated entertaining with comfortable everyday living. Grand, light-filled interiors showcase over 24-ft ceilings in the living room, timeless Mediterranean architecture, elegant finishes, and generous gathering spaces throughout. The beautifully landscaped grounds create a private tropical retreat centered around a newly reimagined pool, expansive terraces, and a summer kitchen, offering seamless indoor-outdoor living year-round. Additional highlights include an elevator, an impressive office (or gym), a two-car garage, gated driveway, and an expansive primary suite complete with dual bathrooms and exceptional closet space. Whether you're seeking a full-time residence or the perfect Palm Beach retreat, 437 Chilean Avenue offers the rare combination of exceptional privacy, and one of the most sought-after walk-to-town locations on the Island.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $208,398

Year Built

  • Built in 2002

Lot Details

  • 10,018 Sq Ft Lot
  • Lot Dimensions are 80x125
  • South Facing Home
  • Fenced
  • Interior Lot
  • Property is zoned R-C (city)

Parking

  • 2 Car Attached Garage
  • Garage Apartment
  • Driveway
  • Parking Garage Space
  • Open Parking

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 4,525 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Custom Mirrors
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Pool Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Two Primary Bathrooms
  • Bidet
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Roman Tub
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Fence, Lighting or Alarms
  • Complete Impact Glass

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Spa
  • Balcony
  • Patio
  • Outdoor Grill

Schools

  • Palm Beach Public Elementary School
  • Conniston Middle School
  • Forest Hill Community High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50434323050050100

Community Details

Overview

  • No Home Owners Association
  • Royal Park Subdivision

Recreation

  • Community Pool

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$208,398

Year Built

Built in 2002

Lot Details

10,018 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Single Family Residence
  • Architectural Style: Two Story, Mediterranean
  • Directions: Go East over Okeechobee Bridge into Town of Palm Beach. Turn right on Cocoanut Row, then right on Chilean Ave.
  • Garage Yn: Yes
  • Horses: No
  • Unit Levels: 2
  • Lot Size Acres: 0.23
  • Lot Size: 80x125
  • New Construction: No
  • Road Frontage Type: Other Road Frontage, City/County Maintained
  • Building Stories: 2
  • Structure Type: House
  • Subdivision Name: ROYAL PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 18500000
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Natural Gas Water Heater, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Bar, Built-in Features, Closet Cabinetry, Cooking Island, Custom Mirrors, Elevator, Entrance Foyer, Roman Tub, Split Bedroom, 3 Bedroom Split, Vaulted Ceiling(s), Volume Ceilings, Walk-In Closet(s), Wet Bar, Family Room, Garage Apartment, Storage, Utility Room, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Location: Foyer
  • Flooring: Carpet, Other, Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 4525
  • Other Equipment: Elevator, Natural Gas
  • Stories: 2
  • Window Features: Complete Impact Glass
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Kitchen Dining, Snack Bar/Counter
  • Living Room Features: Family Room, Garage Apartment, Laundry, Storage Room, Utility Room, Utility Room/Laundry
  • Master Bathroom Features: 2 Primary Bathrooms, Bidet, Shower Only, Tub Only

Exterior Features

  • Roof: Barrel, Barrel Roof
  • View: Pool
  • Exterior Features: Built-In Grill, Open Balcony
  • Construction Type: Other
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot, Interior Lot, Less Than 1 Acre, Fenced
  • Other Structures: Livable
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: Hot Tub, Pool/Spa Combo
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Or More Spaces, Driveway, Parking Garage
  • Total Parking Spaces: 6

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Elevator
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Laundry Features: Laundry Room, Utility Room/Laundry
  • Security: Owned Burglar Alarm, Burglar Alarm, Security System, Unit Alarm
  • Utilities: Sewer Connected, Water Connected, Sewer Available, Water Available

Condo/Co-op/Association

  • Amenities: Elevator(s), Private Pool
  • Association: No

Schools

  • Elementary School: Palm Beach Public
  • High School: Forest Hill Community
  • Middle Or Junior School: Conniston

Lot Info

  • Parcel Number: 50434323050050100
  • Lot Size Sq Ft: 10018
  • Zoning: R-C (city)

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 208398

Map

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Tax 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.

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 $208,399 $9,892,430
2024 $200,240 $8,993,118
2023 $179,821 $8,175,562 $0 $0
2022 $154,122 $7,432,329 $0 $0
2021 $110,559 $6,756,663 $3,300,000 $3,456,663
2020 $125,728 $7,725,227 $3,150,000 $4,575,227
2019 $115,856 $6,891,994 $2,850,000 $4,041,994
2018 $103,864 $6,552,199 $2,916,606 $3,635,593
2017 $94,141 $5,597,480 $2,651,460 $2,946,020
2016 $91,486 $5,309,053 $0 $0
2015 $55,726 $3,140,617 $0 $0
2014 $55,995 $3,115,691 $0 $0
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2026 08/11/26 For Sale $18,500,000 0.0% $4,088 / Sq Ft
12/13/2019 12/13/19 Rented $220,000 +266.7% --
11/13/2019 11/13/19 Under Contract -- -- --
07/31/2019 07/31/19 For Rent $60,000 -60.0% --
12/07/2018 12/07/18 Rented $150,000 +200.0% --
11/07/2018 11/07/18 Under Contract -- -- --
10/19/2018 10/19/18 For Rent $50,000 0.0% --
03/09/2015 03/09/15 Sold $6,300,000 -9.9% $1,392 / Sq Ft View Prior Sale
02/07/2015 02/07/15 Pending -- -- --
08/22/2014 08/22/14 For Sale $6,995,000 -- $1,546 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $6,300,000 First American Title Ins Co
Warranty Deed $3,200,000 None Available
Warranty Deed $3,200,000 --
Warranty Deed $935,000 --
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
Open $1,100,000 Credit Line Revolving
Open $4,725,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Credit Line Revolving
Previous Owner $2,400,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Unknown
Previous Owner $1,080,000 Unknown
Previous Owner $1,000,000 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: B26062972

MIAMI REALTORS® MLS

APN: 50-43-43-23-05-005-0100

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