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554 Palm Way, Gulf Stream, FL 33483
$7,525,000
Property Type:
Residential
Bedrooms:
5
Baths:
8
Square Footage:
9,601
Lot Size (sq. ft.):
38,333
Status:
Closed
Current Price:
$7,525,000
List Date:
10/10/2016
Last Modified:
1/15/2026
Description
Point Lot Estate Commanding 411 feet of Waterfrontage. Staged against the sparkling Intracoastal this 9,600 total square foot Point Lot Estate is sited on 411 feet of water frontage. Completely re-designed from top to bottom in 2014 the meticulous finishes and superb craftsmanship are evident in every detail. The home offers 5 bedrooms seven plus baths, a self-contained guest apartment with large living and kitchen area accommodating friends and family with prized private space. Upon arrival guests are greeted with a gracious staircase leading to a magnificent master suite with his/her bathrooms, three additional guest suite, all with water views, plus a workout room. Encompassing the first floor is a lovely living room with fireplace, an oversized dining room and a cozy sitting area.
Supplements: A gourmet kitchen suited to the best of chef's where informal meals may be enjoyed in a large breakfast area surrounded by water. Adjacent to the kitchen is a magnificent family room with cathedral callings, large windows affording lots of light and sweeping water views. Completing the first floor is a private office, a game room which flows to two private terraces, large pool and dock all inviting spirited outdoor entertainment. The estate is surrounded by an oasis of lush tropical landscaping bestowing supreme serenity with broad vistas reflecting the synergy of water and nature. Close to the fabulous Atlantic Ocean and Atlantic Avenue. Don't miss this opportunity !!
More Information MLS# R10273486
Contract Information
Comp Sale YN: No
Listing Contract Date: 2016-10-10
Status: Closed
Original List Price: 8895000
Sold Price: $7,525,000
Current Price: $7,525,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Gulf Stream
Postal Zip: 33483
Geographic Area: PB05
Special Assessment YN: No
Street Number: 554
Street Name: Palm
Street Suffix: Way
State Or Province: FL
Postal Code: 33483
Subdivision Name: POLO COVE
Area: 4130
Parcel Number: 20434603020000211
Zoning: RS(cit
Directions: A1A North of George Bush to Lakeview to Polo Drive, to Palm Way
General Property Information
Living Area Main: 8011
Lot Size Dimensions: 411.0 ft x 93.0 ft
Lot Size Area: 38160
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Pool Private YN: Yes
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 8
Bathrooms Full: 7
Bathrooms Half: 1
Building Area Main: 9601
Building Area Source: Owner
Year Built: 1963
Garage YN: 1
Garage Spaces: 3
Covered Spaces: 3
Lot Size Acres: 0.88
Frontage Length: 411
Waterfront YN: 1
Direction Faces: East
Financial Information
Membership Fee Required YN: No
Tax Annual Amount: 135404
Tax Year: 2015
Tax Legal Description: POLO COVE S 50 FT OF LT 21 & GULFSTREAM COVE PB24P185 LT 1 & W 41 FT OF LT 2
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2018-01-09T19:48:43Z
Major Change Type: Status Change
Price Change Timestamp: 2017-04-17T15:17:23Z
Status Change Date: 2018-01-09
Under Contract Date: 2017-12-12
Close Date: 2018-01-08
Close Price: 7525000
Amenities
None: 1
Electric
Three Phase: 1
Fireplace Features
Decorative: 1
Flooring
Carpet: 1
Marble: 1
Wood: 1
Parking Features
Garage Door Opener: 1
Garage: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Heating
Central: 1
Appliances
Disposal: 1
Ice Maker: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Frame: 1
Interior Features
Bar: 1
Cathedral Ceiling(s): 1
Closet Cabinetry: 1
Entrance Foyer: 1
Vaulted Ceiling(s): 1
Laundry Features
Inside: 1
Listing Terms
Cash: 1
Conventional: 1
Security Features
Fire Alarm: 1
Waterfront Features
Intracoastal: 1
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Master Bedroom/Bath
2 Master Baths: 1
Dual Sinks: 1
Separate Shower: 1
Separate Tub: 1
Pets Allowed YN
Yes: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Patio: 1
Porch: 1
Contingencies
Other: 1
Room Types
Bedroom 2: 1
Bedroom 2 Level: Upper
Bedroom 3: 1
Bedroom 3 Level: Upper
Bedroom 4: 1
Bedroom 4 Level: Upper
Bedroom 5: 1
Bedroom 5 Level: Upper
Den: 1
Den Level: Main
Dining Room: 1
Dining Room Level: Main
Family Room: 1
Family Room Level: Main
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Upper
Utility Room: 1
Utility Room Level: Upper
Price Calculations
Current Price To SqFt: 939.33
Original List Price To Close Price: 1.18
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Originating Details
Originating System Key: 20161010144801304208000000
Originating System ID: M00000170
Property Features
Electric: Three Phase
Fireplace Features: Decorative
Flooring: Carpet; Marble; Wood
Parking Features: Garage Door Opener; Garage
Property Condition: Resale
Appliances: Disposal; Ice Maker; Refrigerator; Washer
Construction Materials: CBS; Frame
Cooling: Central Air
Heating: Central
Interior Features: Bar; Cathedral Ceiling(s); Closet Cabinetry; Entrance Foyer; Vaulted Ceiling(s)
Laundry Features: Inside
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Possession: Close Of Escrow
Restrictions: No Restrictions
Security Features: Fire Alarm
Sewer: Public Sewer
Tax Information: City/County
Utilities: Sewer Available
Waterfront Features: Intracoastal
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Outdoor Living Spaces: Patio; Porch
Contingencies: Other
Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Den; Dining Room; Family Room; Kitchen; Laundry; Living Room; Master Bedroom; Utility Room
Acreage Description: 1/2 To Less Than 1 Acre Lot
Room Information
Living Room
Length: 23.00
Length: 23.00
Width: 22.00
Width: 22.00
Level: Main
Remarks: Water View
Dining Room
Length: 17.00
Length: 17.00
Width: 24.00
Width: 24.00
Level: Main
Remarks: Water View
Dining Room
Length: 16.00
Length: 16.00
Width: 9.00
Width: 9.00
Level: Main
Remarks: Water View
Kitchen
Length: 25.00
Length: 25.00
Width: 19.00
Width: 19.00
Level: Main
Remarks: 2 Sub Zeros
Family Room
Length: 30.00
Length: 30.00
Width: 20.00
Width: 20.00
Level: Main
Remarks: Water View
Master Bedroom
Length: 20.00
Length: 20.00
Width: 16.00
Width: 16.00
Level: Upper
Remarks: Water View
Bedroom 2
Length: 18.00
Length: 18.00
Width: 15.00
Width: 15.00
Level: Upper
Remarks: Water View
Bedroom 3
Length: 14.00
Length: 14.00
Width: 14.00
Width: 14.00
Level: Upper
Remarks: Water View
Bedroom 4
Length: 16.00
Length: 16.00
Width: 18.00
Width: 18.00
Level: Upper
Bedroom 5
Length: 13.00
Length: 13.00
Width: 12.00
Width: 12.00
Level: Upper
Remarks: Guest House
Den
Length: 16.00
Length: 16.00
Width: 12.00
Width: 12.00
Level: Main
Utility Room
Length: 16.00
Length: 16.00
Width: 13.00
Width: 13.00
Level: Upper
Remarks: With Exercise Room
Laundry
Listing Office:
The Corcoran Group
Last Updated: January - 15 - 2026
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