NOT LISTED FOR SALE

650 Island Dr Palm Beach, FL 33480

Estimated Value: $2,306,000 - $21,966,449

5 Beds
8 Baths
6,630 Sq Ft
$1,831/Sq Ft Est. Value

Last Sold August 03, 2015

Last sale price $14,000,000 $2,112 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $83,203/month

191 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Separate Shower in Primary Bathroom
  • Palm Beach Public School Rated A-
  • Private Pool
  • Central Heating and Cooling System

About This Home

As of August 2015

Exquisite Venetian-style villa offers the utmost in waterfront living and entertaining. Large boat dock with lift, whole house generator, elevator,impact resistant windows and doors, Crestron lighting conrol for HVAC audio-visual system cameras and alarm system.In the large Dining Room are 2 large climate-controlled wine vaults.

Last Agent to Sell the Property

Mary Boykin

Sotheby's Intl. Realty, Inc. License #561998 Listed on: 12/23/2014

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Wally Turner

Sotheby's Intl. Realty, Inc. License #584810

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,822

Year Built

  • Built in 2007

Lot Details

  • 0.38 Acre Lot
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • Property is zoned RB

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,630 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Private Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Community Details

  • Everglades Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434327010000621

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,822

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: PB Island to Island Dr
  • Year Built: 2007
  • Entry Level: 1
  • Special Features: None

Interior Features

  • Interior Amenities: Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dishwasher
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Other
  • Living Area: 6630.0
  • Dining Room Type: Family Room
  • Stories: 2

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • 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
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434327010000621
  • Lot Size: 100.0 ft x 165.0 ft
  • Lot Size Sq Ft: 16415.0
  • Zoning Description: RB

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 88822.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2017
Sold by
Island Drive Llc
Bought by
Porges David L and Porges Gabriela
Current Estimated Value
$12,136,225

Purchase Details

Listed on
Dec 23, 2014
Closed on
Aug 3, 2015
Sold by
Mattei James E
Bought by
650 Island Drive Llc
Seller's Agent
Mary Boykin
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Wally Turner
Sotheby's Intl. Realty, Inc.
List Price
$14,958,000
Sold Price
$14,000,000
Premium/Discount to List
-$958,000
-6.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.37%

Purchase Details

Closed on
Oct 1, 2007
Sold by
United Properties Group Llc
Bought by
Mattei James E

Purchase Details

Closed on
Sep 15, 2005
Sold by
Levi Gene S and Darrah Jim L
Bought by
United Properties Group Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Porges David L -- Attorney
650 Island Drive Llc $13,167,500 Crystal Title & Escrow Co In
Mattei James E -- Attorney
United Properties Group Llc $5,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2015 08/03/15 Sold $14,000,000 -6.4% $2,112 / Sq Ft
07/04/2015 07/04/15 Pending -- -- --
12/24/2014 12/24/14 For Sale $14,958,000 -- $2,256 / 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
2025 $233,122 $16,158,656 -- --
2024 $233,122 $15,703,261 -- --
2023 $228,479 $15,245,884 $0 $0
2022 $229,606 $14,801,829 $0 $0
2021 $280,094 $17,230,586 $7,304,675 $9,925,911
2020 $211,090 $12,812,286 $5,750,000 $7,062,286
2019 $195,034 $11,502,840 $4,900,000 $6,602,840
2018 $183,563 $11,188,787 $5,318,460 $5,870,327
2017 $173,908 $10,365,173 $4,924,500 $5,440,673
2016 $216,742 $12,526,607 $0 $0
2015 $88,414 $4,902,698 $0 $0
2014 $88,822 $4,863,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mary Boykin

    Sotheby's Intl. Realty, Inc.

    (561) 379-3767

    6 Total Sales

    Mary Boykin
    Section Image
  • Wally Turner

    Buyer's Agent in 2015

    Wally Turner

    Sotheby's Intl. Realty, Inc.

    (561) 301-2060

    6 Total Sales

    Wally Turner
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10097829

BeachesMLS

APN: 50-43-43-27-01-000-0621

Florida Palm Beach County Palm Beach 33480

650 Island Dr, Palm Beach, FL

Not Listed for Sale

Detached

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