748 Island Drive

Palm Beach, FL 33480

$29,750,000

$7,163/ft²

5Beds

5Baths

4,153Sq ft

1952Year built

Single-family homeType

About this home

Long open water views on the quiet east side of Everglades Island. Positioned just two lots from the southern tip, this home offers extraordinary views across to Palm Beach's estate section. Enjoy sunrises and shimmering water vistas from your future dock--already approved for a generous 614 sq ft structure with two boat lifts and quick access to deep water. Whether you're an avid boater or simply seeking serenity, this location delivers unmatched beauty and convenience. The existing home is in excellent condition and features a high-ceilinged, light-filled living room that spans the eastern side of the house, perfectly framing the breathtaking water views. The house can be updated or enjoyed as-is while you design a spectacular new residence. Offered for the first time in nearly 50 years, this is a truly special waterfront property in one of Palm Beach's most exclusive enclaves. The Everglades Island neighborhood also benefits from private security patrols, ensuring peace of mind and privacy.

Features

Waterfront
Private pool

Property details

Listing

MLS #: R11103870
Status: For sale
Listed on: Jul 1, 2025
Days on market: 405 days
Listing data updated: Aug 7, 2026

Interior

Beds: 5
Baths: 5
Living area: 4,153 ft²
Price per ft²: $7,163/ft²

Building & community

Type: Single-family home
Year built: 1952
County: Palm Beach

Lot & exterior

Lot size: 20,909 ft²
Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $150,432
Property taxes (est.): $27,271
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$178,303*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?