550 Skylake Drive, West Palm Beach, FL 33415 (MLS# R11161152)


$1,395,000
550 Skylake Drive
West Palm Beach, FL 33415
MLS# R11161152
4 beds  |  5 baths  |  4661 sqft


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Property Description
Rare 3.3-acre private oasis and custom home, build 8 more homes, in Central West Palm Beach, offers exceptional seclusion, flexibility, and opportunity. Tucked away behind mature trees and lush landscaping, the property provides a serene compound-style setting ideal for a large or multi-generational family, those seeking maximum privacy, or buyers needing space for vehicles, equipment, or extended living. The existing residence is ready for use, while the expansive acreage offers potential for future expansion or redevelopment, including multiple homes (subject to approvals). Whether envisioned as a private retreat, family compound, or long-term investment, this hidden gem delivers space, privacy, and possibilities rarely found in Palm Beach County.

Details
Documents
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Contract Date: 2026-02-05
Status: Active
Original List Price: 1595000
List Price: $1,395,000
Current Price: $1,395,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Zip: 33415
Geographic Area: PB22
Special Assessment YN: Yes
Country: United States
Street Number: 550
Street Name: Skylake
Street Suffix: Drive
State Or Province: FL
Postal Code: 33415
Subdivision Name: MODEL LAND CO
Area: 5510
Elementary School: Pine Jog
Middle Or Junior School: Okeeheelee
High School: Palm Beach Central
Parcel Number: 00424402010001140
Zoning: RS
General Property Information
Living Area Main: 3704
Lot Size Dimensions: 3.31
Gated Community YN: No
Lot Size Area: 144114
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 1
Stories: 1
Fireplace YN: Yes
Pool Private YN: Yes
Spa YN: Yes
Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: 2
Building Area Main: 4661
Building Area Source: Public Records
Year Built: 1996
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Carport YN: 1
Carport Spaces: 4
Covered Spaces: 6
Lot Size Acres: 3.31
Direction Faces: South
Financial Information
Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 6452
Tax Year: 2025
Tax Legal Description: MODEL LAND CO SUB N 10 FT OF W 1/2 OF TR 47 (LESS E 175 FT) & W 1/2 OF TR 48 (LESS E 199.66 FT & N 20 FT L-6 CNL R/W)
Office/Member Information
DXORIGMLSID: RML
Amenities
None: 1
Dining Area
Eat-In Kitchen: 1
Family/Dining Combination: 1
Formal Dining: 1
Kitchen Dining: 1
Electric
Three Phase: 1
Flooring
Ceramic Tile: 1
Guest House Features
1 Bath: 1
1 Bedrooms: 1
Parking Features
Circular Driveway: 1
Covered: 1
Guest: 1
Golf Cart Garage: 1
Open: 1
RV Access/Parking: 1
Attached Garage: 1
Garage: 1
Parking Information
Open Parking Spaces: 10
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Fencing
Fenced: 1
Possession
Negotiable: 1
Other: 1
Sewer
Septic Tank: 1
Utilities
Water Available: 1
View
Garden: 1
Pool: 1
Heating
Central: 1
Electric: 1
Heat Strip: 1
Sprinkler Description
Auto Sprinkler: 1
Well Sprinkler: 1
Zoned Sprinkler: 1
Water Access
None: 1
Water View
Canal: 1
Window Features
Plantation Shutters: 1
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Interior Features
Bedroom Layout - Split: 1
Entrance Foyer: 1
Walk-In Closet(s): 1
Laundry Features
Inside: 1
Levels
Multi/Split: 1
Listing Terms
Cash: 1
Contract: 1
Owner Will Carry: 1
Lot Features
Fruit Tree(s): 1
Pool Features
Free Form: 1
Gunite: 1
In Ground: 1
Roof
Composition: 1
Shingle: 1
Security Features
Gated - No Guard: 1
Security Lights: 1
Security System: 1
Smoke Detector(s): 1
Water Source
Public: 1
Well: 1
Architectural Style
Other: 1
Capital Contributions
Capital Contributions YN: No
Cooling
Central Air: 1
Electric: 1
Zoned: 1
Showing Requirements
See Remarks: 1
Main Level Rooms
Main Level Bathrooms: 3
Main Level Bedrooms: 3
Master Bedroom/Bath
2 Master Suites: 1
Master Bdrm - Ground: 1
Master Bdrm - Sitting: 1
Separate Shower: 1
Separate Tub: 1
Spa Tub & Shower: 1
Whirlpool Tub: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Restrictions
No Restrictions: 1
Storm Protection
Accordian Shutters: Complete
Storm Protection Details
Generator Hookup: 1
Tax Information
Homestead Exemption: 1
Showing Details
Pet(s) on Premises: Yes
Outdoor Living Spaces
Balcony: 1
Balcony Details
Balcony - Open: 1
Room Types
Den: 1
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Main
Other: 1
Other Level: Second
Price Calculations
Current Price To SqFt: 376.61
Acreage Description
3 To Less Than 4 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-03-05T13:17:36Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-05T13:17:36Z
Status Change Date: 2026-02-05
Originating Details
Originating System Key: 20260205204813021109000000
Originating System ID: M00000170
Property Features
Dining Area: Eat-In Kitchen; Family/Dining Combination; Formal Dining; Kitchen Dining
Electric: Three Phase
Flooring: Ceramic Tile
Guest House Features: 1 Bath; 1 Bedrooms
Parking Features: Circular Driveway; Covered; Golf Cart Garage; Guest; Open; RV Access/Parking; Attached Garage; Garage
Property Condition: Resale
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Other
Construction Materials: CBS
Cooling: Central Air; Zoned
Fencing: Fenced
Heating: Central; Electric; Heat Strip
Interior Features: Bedroom Layout - Split; Entrance Foyer; Walk-In Closet(s)
Laundry Features: Inside
Levels: Multi/Split
Listing Terms: Cash; Contract; Owner Will Carry
Lot Features: Fruit Tree(s)
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Pool Features: Free Form; Gunite; In Ground
Possession: Negotiable; Other
Restrictions: No Restrictions
Roof: Composition; Shingle
Security Features: Gated - No Guard; Security Lights; Security System; Smoke Detector(s)
Sewer: Septic Tank
Sprinkler Description: Auto Sprinkler; Well Sprinkler; Zoned Sprinkler
Storm Protection Details: Generator Hookup
Tax Information: Homestead Exemption
Utilities: Water Available
View: Garden; Pool
Water Access: None
Water Source: Public; Well
Water View: Canal
Window Features: Plantation Shutters
Showing Requirements: See Remarks
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Open
Room Types: Den; Kitchen; Laundry; Living Room; Master Bedroom; Other
Acreage Description: 3 To Less Than 4 Acre Lot
Supplements
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 oasisideal 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 landthis 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 settingit 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.
Room Information
Room Name Length Length Width Width Level Remarks
Living Room27.0027.0017.0017.00Main
Kitchen17.0017.0015.0015.00Main
Master Bedroom22.0022.0016.0016.00Main
Master Bedroom16.0016.0016.0016.00Main
Other22.0022.0036.0036.00SecondApartment Upstairs
Laundry

IDX
Listing Office: 920 Real Inc.

Last Updated: March - 05 - 2026

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