748 Island Drive, Palm Beach FL 33480, PALM BEACH, FL, 33480
Active410 days on marketListed Jul 1, 2025MLS #R11103870
About this home
748 Island Drive, Palm Beach FL 33480
Only property available on Everglade Island. 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.
Facts & features
The home at a glance
5
Bedrooms
5
Bathrooms
4,153
Sqft
0.48 ac
Lot size
2
Garage
1952
Year built
1
Levels
$7,163
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$183,220 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$183,220/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Palm Beach actives
$7,163 vs $1,248
Days on market
410 vs 113 typical
Where $7,163/sqft sits among the 193 Palm Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside The Estate Section
Get to know Palm Beach. See the full Palm Beach guide →
The Estate Section — neighborhood snapshot
Population
970
Median age
66
Median income
$239,555
Median home value
$1,979,399
Avg household
2
Households w/ children
19%
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palm Beach market
$365K → $5.0M
Palm Beach median sold, yr/yr
91.4%
Sale-to-list ratio (12 mo)
4 of 193
Palm Beach actives have cut their price
This home is listed 7441% above the PALM BEACH 33480 median. See the full Palm Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 748 Island Drive
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$30,000,000
751 Island Drive, Palm Beach FL 33480 · same community
5 bd · 5.5 ba · 4,651 sqft · $6,450/sqft · 85 DOM
Sold · Feb ’26$12,800,000
314 Chilean Ave, Palm Beach FL 33480
4 bd · 4.5 ba · 4,195 sqft · $3,051/sqft · 92 DOM
Sold · Jun ’26$13,860,000
310 Australian Avenue, Palm Beach FL 33480
4 bd · 6 ba · 3,431 sqft · $4,040/sqft · 1 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 748 Island Drive — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 748 Island Drive — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
748 Island Drive FAQs
What would the monthly payment be for 748 Island Drive, Palm Beach FL 33480?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $183,220/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 748 Island Drive, Palm Beach FL 33480?+
The most recent tax bill on record (2024) was $136,494. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 748 Island Drive, Palm Beach FL 33480?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palm Beach?+
At $29,750,000, this home is listed about 1069% above the Palm Beach median of $2,545,000. The market section on this page shows how the area is trending.
Which schools are assigned to 748 Island Drive, Palm Beach FL 33480?+
Conniston Middle School (middle), Palm Beach Public School (elementary), Forest Hill Community High School (high), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$29,750,000 runs 7441% above the PALM BEACH 33480 median — but at 4,153 sqft it's also nearly twice the size of the typical Palm Beach listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
410 days on market against a Palm Beach median of 113 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Conniston Middle School, Palm Beach Public School, Forest Hill Community High School, Glades Construction Academy At West Technical — Palm Beach Public School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $32,000,000, now $29,750,000 — a $2.3M cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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