Located on Island Road in the Estate Section of Palm Beach, this 33,301± square foot property offers 107± feet of direct Intracoastal frontage. The property is particularly unique for its rare water views to the south and Everglades Club golf course views to the north. The lot's size, frontage, and premier location present an exceptional opportunity to build a new waterfront estate in one of Palm Beach's most desirable residential areas. The property currently features a 6,729+/- total square foot Mid-Century residence. The main house includes six bedrooms, six full bathrooms, and one half bath, along with formal living and dining rooms, a kitchen with butler's pantry, and a large party room with bar and kitchenette designed for entertaining. A separate pool house includes an additional two bedrooms and two full bathrooms. The grounds have a waterfront pool, as well as a spacious yard with a pond and orchid slat house. Additional features include a two-car attached garage, carport, full house generator, and full house water filtration system.
For sale
Price cut: $1.5M (4/17)
$39,500,000
350 Island Rd, Palm Beach, FL 33480
8beds
5,744sqft
Est.:
Single Family Residence, Residential
Built in 1955
0.76 Acres Lot
$-- Zestimate®
$6,877/sqft
$-- HOA
What's special
Two-car attached garageWaterfront poolSix bedrooms
- 47 days |
- 2,698 |
- 76 |
Zillow last checked:
Listing updated:
Listed by:
TODD F. PETER 561-281-0031,
Sotheby's International Realty, Inc.,
FRANCES WEBSTER PETER 561-659-3555
Source: Palm Beach BOR,MLS#: 26-411
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 9
- Full bathrooms: 8
- 1/2 bathrooms: 1
Heating
- Zoned
Cooling
- Multi Units, Zoned
Appliances
- Included: Refrigerator, Freezer, Gas Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker, Double Oven
Features
- Wet Bar, Elevator, Pantry
- Flooring: Tile, Terrazzo, Hardwood
- Windows: Other, Storm Shutters
Interior area
- Total structure area: 6,729
- Total interior livable area: 5,744 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Attached
- Attached garage spaces: 2
- Has carport: Yes
Features
- Levels: Two
- Exterior features: Sprinkler System
- Has private pool: Yes
- Pool features: Gas Heat
- On waterfront: Yes
- Waterfront features: Seawall, Intracoastal-Direct
Lot
- Size: 0.76 Acres
- Dimensions: 107
- Features: 1/2 Acre to 1 Acre
Details
- Parcel number: 50434327040000061
- Zoning: R-A - Estate Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Roof: Other
Condition
- Year built: 1955
Utilities & green energy
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s), Security System
- Subdivision: Island Rd Dev
Location
- Region: Palm Beach
Financial & listing details
- Price per square foot: $6,877/sqft
- Tax assessed value: $35,040,291
- Annual tax amount: $78,724
- Date on market: 3/6/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Price change | $39,500,000-3.7%$6,877/sqft |
Source: Palm Beach BOR #26-411 Report a problem | ||
| 3/6/2026 | Listed for sale | $41,000,000$7,138/sqft |
Source: Palm Beach BOR #26-411 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $76,524 +2.1% | $5,105,283 +3% |
| 2023 | $74,917 -0.2% | $4,956,585 +3% |
| 2022 | $75,045 -1.7% | $4,812,218 +3% |
| 2021 | $76,347 -0.2% | $4,672,056 +1.4% |
| 2020 | $76,511 +0.6% | $4,607,550 +2.3% |
| 2019 | $76,070 | $4,503,959 +1.9% |
| 2018 | $76,070 +4.8% | $4,419,979 +2.1% |
| 2017 | $72,556 -0.1% | $4,329,069 +2.1% |
| 2016 | $72,595 +0.2% | $4,240,028 +0.7% |
| 2015 | $72,416 -3.8% | $4,210,554 +0.8% |
| 2014 | $75,255 +2.1% | $4,177,137 +1.5% |
| 2013 | $73,728 +0.1% | $4,115,406 +1.7% |
| 2012 | $73,646 +0.6% | $4,046,614 +3% |
| 2011 | $73,171 +7.4% | $3,928,751 +8.4% |
| 2010 | $68,101 -20.1% | $3,623,075 -22.8% |
| 2009 | $85,243 +121.6% | $4,691,440 +104.1% |
| 2008 | $38,459 +3.2% | $2,298,573 +3% |
| 2007 | $37,268 -6.2% | $2,231,624 +2.5% |
| 2006 | $39,733 | $2,177,194 +3% |
| 2005 | -- | $2,113,781 +3% |
| 2004 | $22,095 +21145% | $2,052,215 +1.9% |
| 2003 | $104 -99.7% | $2,013,950 +2.4% |
| 2002 | $39,191 +0.3% | $1,966,748 +1.6% |
| 2001 | $39,091 +1.9% | $1,935,776 +3% |
| 2000 | $38,348 +2.5% | $1,879,394 -13.8% |
| 1999 | $37,398 | $2,180,126 |
Find assessor info on the county website
Monthly payment
Est. payment
$252,706/mo
Principal & interest
$195431
Property taxes
$57275
More affordability tools
Climate risks
Neighborhood: 33480
Nearby schools
GreatSchools rating
- 8/10Palm Beach Public SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Conniston Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Forest Hill Community High SchoolGrades: 9-12Distance: 3.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Palm Beach County
- Palm Beach
- 33480
- 350 Island Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Palm Beach Topics
