$39.8 Million Georgian Masterpiece on Everglades Island Offers Rare Palm Beach Waterfront Luxury
Timeless Waterfront Elegance on Everglades Island
Positioned on the iconic Everglades Island in Palm Beach, 631 Island Dr offers a rare combination of architectural elegance, privacy, and direct access to the Intracoastal Waterway. Priced at $39.8 million, this Georgian-style estate is more than just a home – it’s a legacy property, designed for those who demand the finest in Palm Beach living.
Built in 1961, the home spans a beautifully landscaped 0.48-acre lot and features six spacious bedrooms, six full bathrooms, and three half-baths. Its west-facing orientation captures dramatic sunsets over the water, with views that stretch endlessly across the Intracoastal.
Georgian Architecture Meets Palm Beach Tranquility
The property showcases classic Georgian design, with elegant symmetry and timeless materials. Interiors include hardwood and marble floors, lofty ceilings, and carefully detailed moldings throughout. The main living areas are located on the ground floor and open directly to the outdoor entertaining spaces, with seamless indoor-outdoor transitions.
The primary suite is a sanctuary of its own – expansive and light-filled, it offers uninterrupted water views through oversized windows. A fireplace, spa-like bath, and large walk-in closets complete this serene escape. Additional features such as a wet bar, walk-in pantry, and private elevator contribute to the refined lifestyle offered at this Palm Beach home for sale.
Bespoke Outdoor Living and Intracoastal Access
Outside, the residence is a haven for relaxation and social gatherings. The expansive lanai, gas-heated pool, balconies, and outdoor grill offer every amenity for elegant entertaining. A private dock spans 130 feet along the waterline and is designed to accommodate a sizable vessel – perfect for boating enthusiasts or those seeking peaceful morning views on the water.
The home in Palm Beach for sale is fully gated, with lush landscaping and both front and back yard fencing ensuring privacy. Security features include a modern system and smoke detectors throughout. As listing agent Margit M. Brandt told Luxury Houses Magazine, “This residence offers the best of both worlds – a peaceful, resort-style retreat combined with immediate access to Palm Beach’s cultural and commercial core.”
SEE MORE: Stunning $5.5 Million Waterfront Estate in Delray Beach Offers Luxury Dock, Elevator, and Theater
Transaction History and Investment Value
The real estate history of 631 Island Dr underscores its enduring value. It last sold in 2012 for $7.9 million, having previously been purchased in 1995 for $2.85 million. The current listing price of $39.8 million, introduced in February 2025, marks an impressive growth of over 400% since the 2012 sale – making it a powerful investment within the luxury Palm Beach real estate market.
With an assessed tax value of more than $24 million and annual property taxes exceeding $157,000, this estate has solidified its standing as one of the premier homes in Florida.
SEE MORE: Modern Miami Beach Retreat With Rooftop, Golf Views, and Resort-Style Pool Lists for $12 Million
A Neighborhood Defined by Prestige and Lifestyle
Everglades Island is known for its exclusivity, serenity, and prime waterfront location. Just moments from Worth Avenue, Palm Beach’s world-renowned shopping and dining street, the area attracts residents who seek both elegance and privacy. Upscale boutiques, fine restaurants, and art galleries are only minutes away by foot or car.
Nearby attractions such as The Breakers, Palm Beach Marina, and private beach clubs further enhance the lifestyle. The location also offers excellent access to Palm Beach International Airport, private schools, and multiple country clubs, positioning the home squarely within a high-demand enclave for luxury buyers.
Exclusive Insight from the Listing Agent
When asked about the unique draw of 631 Island Dr, Margit M. Brandt emphasized, “There are very few properties in Palm Beach that offer this kind of architectural distinction, direct water frontage, and walkability to Worth Avenue – all in one package.”
She added, “The previous owners spared no expense in maintaining the estate. Every inch of this home reflects a commitment to timeless quality.” Luxury Houses attempted to reach the homeowner for further comment regarding design inspiration and the legacy of the estate, but the seller, according to the agent, preferred to remain private. This discretion only adds to the property’s mystique.
Why 631 Island Dr Is a Smart Investment
The combination of waterfront access, architectural integrity, and geographic prestige makes this home not only a luxurious residence but also a strong asset in long-term portfolio diversification. Its dramatic price appreciation over the last three decades highlights the resilience of top-tier Palm Beach real estate.
More than just a real estate listing, 631 Island Dr represents a Palm Beach lifestyle: sunset cocktails on the dock, gallery visits on Worth Avenue, and a community defined by elegance, privacy, and connection to the sea.
To discover similar waterfront estates in Palm Beach, visit Zillow listing.
For inquiries or to schedule a private showing, please contact:
Margit M Brandt
561-545-7386
Premier Estate Properties, Inc. – Palm Beach
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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- $39.8 Million Georgian Masterpiece on Everglades Island Offers Rare Palm Beach Waterfront Luxury
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