550 Skylake Drive, West Palm Beach, FL 33415
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: fred defalco, edgardo roman bolanos
Office: 920 real inc.
MLS#:R11161152
Source:RMLS
Price summary
- Price:$1,395,000
- Price per sq. ft.:$299.29
About this home
Rare 3.3-acre private oasis and custom home, build 8 more homes, Single home a private retreat, family compound, or long-term investment, this hidden gem delivers space, privacy, and possibilities rarely found in Palm Beach County. A buyer stepped forward on this Estate Home on 3.3 Acres that was listed with an outstanding broker, but no sale for over one year. They secured first place on this remarkable property at a remarkable price. Between the contract and the closing table, things can happen like life events. Our Backup Plan PAYS the second buyer to secure 2nd position, become the backup buyer and be paid for it. Rarely does a property offer this level of privacy, acreage, flexibility, and location within Palm Beach County. Situated on approximately 3.3 acres, this unique West Palm Beach estate is tucked away behind mature trees and lush natural landscaping, creating a true private oasis ideal for buyers seeking space, seclusion, and long-term versatility. The setting feels worlds away, yet remains remarkably connected. The property is centrally located with convenient access to I-95, the Florida Turnpike, and Palm Beach International Airport, making daily travel and long-distance connectivity easy and efficient. Downtown West Palm Beach, Palm Beach Island, beaches, dining, and shopping are all within a short drive. Fort Lauderdale and Miami are also easily accessible, offering additional international travel options, business centers, and cultural destinations throughout South Florida. The existing residence is move-in ready and lends itself well to a compound-style lifestyle, whether for a large family, multi-generational living, or buyers who value space for extended family, guests, or personal pursuits. The expansive acreage provides room for additional structures, outdoor amenities, gardens, recreation, or future expansion, subject to local approvals. For those who simply want land this property delivers a level of breathing room that is becoming increasingly rare in Palm Beach County. This property is especially appealing to buyers seeking: A private family compound Multi-generational living or shared family ownership Space for multiple vehicles, equipment, hobbies, or home-based needs A quiet retreat without sacrificing access to major roads and airports Long-term land value and flexibility in a high-demand county For builders or investors, the parcel offers compelling potential. The acreage size and configuration present opportunities for future redevelopment or additional residences, subject to zoning and municipal approvals. Whether held as a personal estate, improved over time, or explored for development potential, the property supports a wide range of visions and timelines. Palm Beach County continues to attract national and international interest due to its favorable climate, business-friendly environment, cultural amenities, and quality of life. West Palm Beach, in particular, has experienced ongoing growth, infrastructure investment, and demand from both full-time residents and seasonal owners. Properties offering significant acreage within this area are increasingly scarce, making this offering especially notable. What truly sets this property apart is its intentional seclusion. The surrounding trees, depth of the lot, and setback from surrounding roads create an atmosphere of calm and privacy that is difficult to replicate. This is not a typical neighborhood setting it is a place for buyers who appreciate discretion, independence, and space to live on their own terms. Whether envisioned as a private retreat, a family legacy property, a multi-home compound, or a future development opportunity, this 3.3-acre estate represents a rare chance to secure land, privacy, and flexibility in one of South Florida's most desirable and accessible regions....
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Home facts
- Year built:1996
- Listing ID #:R11161152
- Added:78 day(s) ago
- Updated:April 25, 2026 at 02:50 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Flooring:Ceramic Tile
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:3,704 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric, Zoned
- Heating:Central, Electric, Heat Strip
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:1996
- Building area:3,704 sq. ft.
- Lot area:3.31 Acres
- Construction Materials:Block
- Exterior Features:Open
- Levels:1 Story
Schools
- High school:Palm Beach Central
- Middle school:Okeeheelee
- Elementary school:Pine Jog
Utilities
- Water:Public, Water Available, Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,395,000
- Price per sq. ft.:$299.29
- Tax amount:$6,452 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Pool features:Gunite, In Ground
Parking
- Total parking spaces:99
- Parking description:Attached Carport, Circular Driveway, Covered, Garage, Guest, Open, RV Access Parking
- Garage:Yes
- Garage spaces:2
- Carport spaces:4
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