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
IDX
Last Updated: January - 15 - 2026
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