NOT LISTED FOR SALE

650 Island Dr Palm Beach, FL 33480

Estimated Value: $5,803,000 - $19,419,318

5 Beds
8 Baths
6,630 Sq Ft
$1,902/Sq Ft Est. Value

Last Sold August 03, 2015

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

Est. 10% decrease in value since last sale

Current estimated payment $88,475/month

191 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Private Pool
  • 2 Car Garage

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: 12/24/2014

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

Interior Spaces

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

Bedrooms and Bathrooms

  • 5 Bedrooms

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
  • Special Features: None

Interior Features

  • 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 Sq Ft: 16415.0
  • Zoning Description: RB
  • ResoLotSizeUnits: SquareFeet

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
$12,611,159

Purchase Details

Listed on
Dec 24, 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
0.21%

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:

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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

Mortgage History

Date Status Borrower Loan Amount
Previous Owner United Properties Group Llc $7,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    8 Total Sales

    Section Image
  • Wally Turner

    Buyer's Agent in 2015

    Wally Turner

    Sotheby's Intl. Realty, Inc.

    (561) 301-2060

    8 Total Sales

    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

This home is located at 650 Island Dr, Palm Beach, FL 33480 since 24 December 2014 and is currently estimated at $12,611,159, approximately $1,902 per square foot. This property was built in 2007. 650 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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