Property Detail
Location Address : 550 ISLAND DR
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-27-03-000-0361
Subdivision : EVERGLADES ISLAND PL 3 IN
Official Records Book/Page : 35489 / 1683
Sale Date : 01/08/2025
Legal Description : EVERGLADES ISLAND PL NO 3 S 50 FT OF LT 36 & LT 38
Owner Information
Owner(s) Mailing Address
260N PROPERTY LIMITED PARTNERSHIP
 1128 YONGE STREET 2ND FLOOR TORONTO ON M4W 2L8 CANADA
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
01/08/2025 $25,400,000 35489 / 01683 WARRANTY DEED 260N PROPERTY LIMITED PARTNERSHIP
06/06/2014 $9,000,000 26859 / 00746 WARRANTY DEED THORNBURGH RICHARD E &
05/30/2002 $4,190,000 13784 / 00844 WARRANTY DEED KEAN IAN M
05/01/2000 $3,500,000 11756 / 00402 WARRANTY DEED WOLF STEPHEN M
01/01/1980 $100 03291 / 00209
Exemption Information
No Exemption Information Available.
Property Information
Total Number of Units Per Parcel : 2
*Total Square Feet : 6617
Acres : .55
Property Use Code : 0100—SINGLE FAMILY
Zoning : R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)
Building Details

Structural Details

Structural Element for Building 1
Bldg Type EXC-RESIDENT
Exterior Wall 1 MSY: CB STUCCO
Year Built 1955
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 6
Full Baths 5
Half Baths 1
Exterior Wall 2 NONE
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 N/A
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FST Finished Storage 40
FUS Finished Upper Story 1022
FUS Finished Upper Story 56
FGR Finished Garage 784
BLC Balcony 42
FUS Finished Upper Story 42
BAS Base Area 3338
BAS Base Area 154
FOP Finished Open Porch 48
FOP Finished Open Porch 315
Total Square Footage 5841
Area Under Air 4612
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Patio Roof 1955 600
Patio 1955 1350
Boat Lift 2022 1
Outdoor Fireplace 2016 1
Pool - In-Ground 2016 1
Wall 1955 310

Property Land Details

Land Line # Description Zoning Acres
1 INTRACOASTAL CANAL R-B 0.5501
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $2,248,236 $1,993,043 $467,250 $468,971 $315,158
Land Value $18,783,350 $18,783,350 $21,918,092 $20,918,092 $17,943,720
Total Market Value $21,031,586 $20,776,393 $22,385,342 $21,387,063 $18,258,878
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $21,031,586 $8,377,882 $8,141,771 $7,904,632 $7,667,604
Exemption Amount $0 $50,722 $50,000 $50,000 $50,000
Taxable Value $21,031,586 $8,327,160 $8,091,771 $7,854,632 $7,617,604
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $311,751 $123,979 $120,486 $118,080 $118,199
NON AD VALOREM $434 $410 $388 $376 $1,498
TOTAL TAX $312,185 $124,389 $120,874 $118,456 $119,697
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov