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224 Phipps, Palm Beach FL 33480

House Active With Contract
$5,500,000

BTC: 87.44038156

ETH: 3,252.51330574

-$995K (2026/04/29)
109 days
3 bds
3 ba
2,145 sqft

Overview

Tucked away in the heart of Palm Beach, this quintessential island bungalow is a rare jewelbox, offering privacy, charm, and effortless indoor-outdoor living. Framed by lush tropical landscaping, the property unfolds as a serene retreat just moments from the Town's finest beaches, dining, and shopping. The main residence features two bedrooms and two-and-a-half bathrooms, highlighted by soaring ceiling heights and an abundance of natural light that creates an airy, relaxed atmosphere throughout. Thoughtfully designed living spaces flow seamlessly to multiple coquina patio areas, perfect for alfresco dining, entertaining, or quiet moments surrounded by nature. SEE MORE... A one-bedroom guest house sits above the one-car garage, providing ideal accommodations for visitors or a private office or studio. Each historic structure is embraced by verdant gardens, enhancing the sense of seclusion and timeless Old Palm Beach elegance. This enchanting property captures the essence of classic Palm Beach living an idyllic tropical sanctuary in an unparalleled central location. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.

Location

Details

Type:
Residential
Parking:
1 Space / Detached / Parking Garage
Year Built:
1938
Lot:
No Data
Heating:
Central
Price/sqft:
$2,564
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$795,000
$293K – $997K
Confidence Low
List vs. estimate
$4.7M above estimate
List $5,500,000 · +591.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,564
+467.1% vs. city median $452
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $4.5M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$22,634
2025
View
Garden
Garage
1 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Free-Standing Freezer

    • Gas Range

    • Refrigerator

    • Self Cleaning Oven

    • Wall Oven

    • Washer

    Other interior features

    • No Interior Features

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • 1 Space

    • Detached

    • Parking Garage

    Property

    • Levels: 1

    Other Property Information

    • Parcel Number: 50434322090000041

    • Zoning: R-C

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Natural Gas Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Natural Gas Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $22,634

  • Source details

    • MLS ID: R11157224

    Other facts

    • Construction Materials: CBS Construction

    • Fireplace Features: Decorative

    • Lot Features: Fenced

    • Patio And Porch Features: Patio

    • Window Features: Double Hung Metal

    • Direction Faces: North

    • Other Structures: Livable

    • Fireplace: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 2145

    • Water Source: Public

    • Subdivision Name: PLAZA PL IN

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman