550 Skylake Drive, West Palm Beach, FL 33415Pending
$1,395,000
4beds5.00baths3704sqft

550 Skylake Drive, West Palm Beach, FL 33415

MLS#: R11161152
Single Family Residence
Built in 1996
3.3100 acre lot
$377/sqft
34 days on market
$6,452/yr tax

What's special

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.

34 days on Horizon Palm

Listing office: 920 Real Inc. · MLS#: R11161152


Map

550 Skylake Drive, West Palm Beach, FL 33415


Facts & features

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5.00

Heating

Heating: Central, Electric, Heat Strip

Cooling

Cooling: Central Air, Electric, Zoned

Appliances

Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer

Features

Interior features: Bathtub, Dining Area, Separate Formal Dining Room, Entrance Foyer, Eat In Kitchen, Family Dining Room, Jetted Tub, Kitchen Dining Combo, Main Level Primary, Multiple Primary Suites, Sitting Area In Primary, Split Bedrooms, Soaking Tub, Separate Shower, Tub Shower, Walk In Closets
Flooring: Ceramic Tile
Window features: Plantation Shutters
Laundry: Inside

Interior area

Total interior livable area: 3704 sqft

Room dimensions

Kitchen: 17 X 15 (Main)
Laundry
Living Room: 27 X 17 (Main)
Other: 22 X 36 (Second)
Primary Bedroom: 16 X 16 (Main)
Primary Bedroom: 22 X 16 (Main)

Parking

Garage spaces: 2.00
Parking features: Attached Carport, Attached, Circular Driveway, Covered, Carport, Garage, Guest, Open, Rv Access Parking

Features

Stories: 1.00
View: Canal, Garden, Pool
Exterior features: Balcony, Outdoor Living Area
Fencing: Fenced
Patio & porch: Open, Balcony
Pool: Yes
Pool features: Free Form, Gunite, In Ground, Other
Spa: Yes
Waterfront features: None
Storm protection: Generator Hookup, Partial Accordion Shutters
Window features: Plantation Shutters

Lot

Lot size: 3.3100 Acres
Lot features: Fruit Trees, Sprinklers Automatic, Sprinkler System

Details

Parcel number: 00424402010001140
Zoning: RS

Type & style

Home type: Single Family Residence

Materials

Construction materials: Block
Roof: Composition, Shingle

Condition

Year built: 1996

Community

Subdivision: Model Land Co
Complex: MODEL LAND CO
Restrictions: No Restrictions

Utilities

Utilities: Water Available
Sewer: Septic Tank

Details

Price/sqft: $377
Annual taxes: $6, 452 (2025)
Date on market: 02/05/2026
Days on market: 34
Listing terms: Cash, Contract, Owner Will Carry
Listing agent: Fred De Falco
Listing office: 920 Real Inc.
MLS ID: R11161152

Price history

Price Reduced $200,000Originally $1,595,000
$

Originally Listed

First listed price

$1,595,000

$431/sqft

Pending

2026-02-05T05:00:00.000Z · 920 Real Inc.

$1,395,000

$377/sqft$200,000

Payment calculator

$688/mo
Principal & interest
$0
Property taxes
$538
Home insurance
$150

This is an estimate based on a 30-year fixed-rate mortgage at 6.75% APR. Actual rates and payments may vary. Contact a lender for exact quotes.


West Palm Beach

West Palm Beach, FLPalm Beach County33415
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