NOT LISTED FOR SALE

608 Island Dr Palm Beach, FL 33480

Estimated Value: $6,560,000 - $24,490,944

5 Beds
6.5 Baths
5,769 Sq Ft
$2,691/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $15,480,428 $2,683 Per Sq Ft

Current estimated payment $100,683/month

825 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • Great Room
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Den

About This Home

As of January 2019

Built by Malasky Homes. Still time to customize. Gorgeous Everglades Island under construction estate. Beautiful Intracoastal views and architectural details throughout. Features exceptional outdoor spaces, including fountains, pool, spa, and waterfront loggia with fireplace. Elaborate upstairs master suite with fireplace, and dual baths and closets. Three balconies, elevator, & 3 car garage.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 09/27/2016

Last Buyer's Agent

Carole Koeppel

Sotheby's Intl. Realty, Inc. License #327796

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,842

Year Built

  • Built in 2017 | Under Construction

Lot Details

  • Property fronts an intracoastal waterway
  • West Facing Home
  • Property is zoned R-B

Parking

  • 3 Car Garage
  • Driveway

Interior Spaces

  • 5,769 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Intracoastal Views
  • Impact Glass

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • Everglades Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434327010000521

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,842

Year Built

Built in 2017 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Call LO
  • Year Built: 2017
  • Year Built Details: Under Construction
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Entrance Foyer, Eat-in Kitchen, Elevator, French Door(s)/Atrium Door(s), Fireplace, Kitchen Island, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 5769.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Property Condition: Under Construction

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Detached, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434327010000521
  • Zoning Description: R-B

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 72842.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2016
Closed on
Jan 31, 2019
Sold by
608 Island Drive Llc
Bought by
Koeppel Law Group Pl and 608 Land Trust
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Carole Koeppel
Sotheby's Intl. Realty, Inc.
List Price
$16,395,000
Sold Price
$15,480,428
Premium/Discount to List
-$914,572
-5.58%
Current Estimated Value
$15,525,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,044
Avg. Annual Appreciation
2.22%
Original Mortgage
$9,288,257
Outstanding Balance
$8,167,211
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$9,699,442

Purchase Details

Listed on
Aug 20, 2015
Closed on
Feb 4, 2016
Sold by
Coleman Denis P and Coleman Annabelle G
Bought by
608 Island Drive Llc
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
STEPHEN MALASKY
THE OLYMPIC GROUP
List Price
$6,494,750
Sold Price
$6,494,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.97%
Original Mortgage
$8,450,000
Interest Rate
4.04%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 16, 2014
Closed on
Jul 8, 2015
Sold by
Evans Leslie R and Finch April
Bought by
Coleman Denis P
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$6,500,000
Sold Price
$6,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.13%
Original Mortgage
$2,500,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 4, 2004
Sold by
Barrett Catherine M and Barrett Robert J
Bought by
Grubman Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Koeppel Law Group Pl $15,480,428 Attorney
608 Island Drive Llc $6,494,750 Attorney
Coleman Denis P $6,500,000 Attorney
Grubman Judith M $3,976,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koeppel Law Group P L $4,000,000
Open Koeppel Law Group Pl $9,288,257
Previous Owner 608 Island Drive Llc $8,450,000
Previous Owner Coleman Denis P $2,500,000
Previous Owner Grubman Judith M $920,000
Previous Owner Grubman Judith M $1,000,000
Previous Owner Barrett Robert J $1,747,000
Previous Owner Barrett Robert J $750,000
Closed Grubman Judith M $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $15,480,428 -5.6% $2,683 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
09/27/2016 09/27/16 For Sale $16,395,000 +152.4% $2,842 / Sq Ft
02/12/2016 02/12/16 Sold $6,494,750 0.0% $1,460 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $6,494,750 -0.1% $1,460 / Sq Ft
07/09/2015 07/09/15 Sold $6,500,000 0.0% $1,461 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
10/16/2014 10/16/14 For Sale $6,500,000 -- $1,461 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

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
2024 $193,068 $13,009,739 -- --
2023 $189,220 $12,630,815 $0 $0
2022 $190,266 $12,262,927 $0 $0
2021 $193,698 $11,905,754 $0 $0
2020 $194,287 $11,741,375 $0 $0
2019 $90,311 $5,296,080 $5,292,000 $4,080
2018 $92,215 $5,594,345 $5,591,430 $2,915
2017 $87,374 $5,180,377 $5,177,250 $3,127
2016 $92,736 $5,316,974 $0 $0
2015 $72,842 $3,993,962 $0 $0
2014 -- $3,301,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christian Angle

    Seller's Agent in 2019

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    204 Total Sales

    Section Image

  • C

    Buyer's Agent in 2019

    Carole Koeppel

    Sotheby's Intl. Realty, Inc.

    (561) 329-0019

    24 Total Sales

    Section Image

  • S

    Buyer's Agent in 2016

    STEPHEN MALASKY

    THE OLYMPIC GROUP

See All Agents

Map

Source: BeachesMLS

MLS Number: R10270886

BeachesMLS

APN: 50-43-43-27-01-000-0521

Florida Palm Beach County Palm Beach 33480

608 Island Dr, Palm Beach, FL

This home is located at 608 Island Dr, Palm Beach, FL 33480 since 27 September 2016 and is currently estimated at $15,525,472, approximately $2,691 per square foot. This property was built in 2017. 608 Island Dr is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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