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$39,900,000

Beds
7
Baths
6.5
sq ft
6,298

690 Island Dr, Palm Beach, FL 33480

690 Island Dr

Palm Beach, FL 33480

  • 42 days on market
A remarkable and rare opportunity! This beautiful lakefront estate is nestled on an exceptional, oversized, east-facing lot on the coveted Everglades Island. Originally designed by renowned society architect Marion Sims Wyeth, the home features 7 bedrooms, 6 bathrooms, and 1 powder room, spectacular wide water views from nearly all main rooms, and boasts 175 +/- feet of direct Intracoastal frontage. Formal living room with fireplace opens to expansive, light-filled interior loggia that overlooks the swimming pool. Eat-in kitchen with large island and breakfast bar. Formal dining room with charming bay window. Breakfast room with beamed ceilings and pocket doors on either side for plenty of natural light. Paneled library with built-ins. Primary suite with large bath, dressing room, walk-in

Details

Property type

Single Family Residence

Lot size

0.84 acres

Price per sq ft

$6,336

Year built

1949

Annual property taxes

$167,336

Price History

11/11/2024
Beaches

Beaches #R11036967

Listed
$39,900,000
-6.99%
09/14/2024
Beaches

Beaches #R10969120

Removed
$42,900,000
05/08/2024
Beaches

Beaches #R10969120

Price change
$42,900,000
-10.44%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Northern Trust Co

Loan start date

December 2023

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

7.63%

Loan type

Commercial

Seller

Diana Barrett and Robert J Vila

Lender

The Northern Trust Co

Loan start date

December 2023

Original loan amount

$12,750,000

Est. remaining balance

Not provided

Interest rate

7.63%

Loan type

Stand Alone Second

Seller

Diana Barrett and Robert J Vila

Lender

The Northern Trust Co

Loan start date

August 2016

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

2.76%

Loan type

Credit Line (Revolving)

Seller

Diana Barrett and Robert J Vila

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 8:15 AM

Listing updated: 12/10/2024 at 12:59 PM

Listed by: Christian Angle, Christian Angle Real Estate Phone #: (561) 659-6551

MLS: Beaches #R11036967

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