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550 N GULF BOULEVARD

House For Sale
$1,749,000

BTC: 22.62613195

ETH: 714.16904859

43 days
Waterfront
3 bds
2 ba
2,517 sqft

Overview

Some places impress you the moment you arrive. Others change the way you live. Your journey home begins with a brief five-minute crossing aboard the Palm Island car ferry, where the pace of the mainland gives way to one of Florida’s most treasured and exclusive barrier islands—a place where the water sets the rhythm of the day, quiet beaches and protected waters create the backdrop, and a remarkable sense of tranquility becomes part of everyday life. Perfectly positioned on an oversized double lot overlooking the sheltered waters of the Palm Island Yacht Basin and just across the street from the Gulf of Mexico, 550 North Gulf Boulevard offers one of the island’s most desirable settings. Private dockage provides direct, bridge-free access to Lemon Bay, the Intracoastal Waterway, and the Gulf, while deeded beach access just steps away offers the rare privilege of enjoying both boating and the beach from a single property. The residence encompasses approximately 2,517 square feet with three bedrooms and two full bathrooms, offering a floor plan that balances comfortable everyday living with effortless entertaining. Extensive interior renovations have transformed the home’s main living spaces, highlighted by a beautifully appointed kitchen featuring custom cabinetry, premium appliances, generous workspace, and a large center island that naturally becomes the gathering place for family and friends. A custom entertaining bar complements the adjoining living and dining areas, creating an inviting space that flows seamlessly throughout the main level. Occupying the entire second floor, the owner’s suite provides exceptional privacy and generous living space. In addition to the spacious bedroom, the suite includes an adjoining office or sitting area, a generous walk-in closet, and the added convenience of a separate washer and dryer within the primary bathroom. Two private balconies—one facing east to welcome the sunrise and the other west to capture spectacular sunsets—offer peaceful places to enjoy the changing light while overlooking the pool and tropical landscape. Designed for entertaining as much as relaxation, the pool features a generous sun shelf and a built-in submerged table, creating an inviting setting for al fresco dining, afternoon refreshments, or sunset cocktails beneath mature palms and surrounded by lush tropical landscaping. The surrounding patios provide inviting spaces to gather with family and friends or simply unwind in the privacy of the island setting. For boaters, the waterfront amenities are exceptional. The composite dock features a covered 10,000-pound boat lift, capable of accommodating vessels of approximately 36 feet, providing direct access to Lemon Bay, the Intracoastal Waterway, and the Gulf. An air-conditioned workshop offers valuable space for boating equipment, fishing gear, hobbies, or additional storage. Whether the day begins with a sunrise walk along the Gulf beach, an afternoon on the water, or an evening watching the sunset from your private balcony, 550 North Gulf Boulevard offers more than an exceptional waterfront home—it offers the opportunity to experience Palm Island as it was meant to be lived.

Location

Details

Type:
Residential
Parking:
Circular Driveway / Driveway
Year Built:
1961
Lot:
0.44 Acres
Heating:
Central / Electric / Zoned
Price/sqft:
$695
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,125,000
$424K – $1.5M
Confidence Low
List vs. estimate
$624K above estimate
List $1,749,000 · +55.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$694
+70.3% vs. city median $407
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$17,804
2025
Pool
Gunite
View
Water
Waterfront
Bay/Harbor
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Bamboo

    • Ceramic Tile

    Heating

    • Central

    • Electric

    • Zoned

    Cooling

    • Central Air

    • Zoned

    Appliances

    • Convection Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • PrimaryBedroom Upstairs

    • Skylight(s)

    • Solid Wood Cabinets

    • Stone Counters

    • Walk-In Closet(s)

    • Wet Bar

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Circular Driveway

    • Driveway

    Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Balcony / Lighting / Outdoor Grill / Private Yard / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.44 Acres

    Other Property Information

    • Parcel Number: 412031402004

    • Zoning: BBI

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $17,805

  • Source details

    • MLS ID: A4699916

    Other facts

    • Construction Materials: Block / HardiPlank Type

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Landscaped / Level / Oversized Lot / Private

    • Patio And Porch Features: Covered / Front Porch / Patio / Rear Porch / Screened

    • Pool Features: Gunite / In Ground / Lighting

    • Window Features: Insulated Windows / Storm Window(s) / Window Treatments

    • Direction Faces: Southwest

    • Other Structures: Shed(s) / Workshop

    • Architectural Style: Coastal / Key West

    • Waterfront: Yes

    • Water Body Name: LEMON BAY

    • Living Area: 2517

    • Water Source: Public

    • Lot Size Dimensions: 80 x 240

    • Subdivision Name: PALM ISLAND ESTATES UN 1

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. 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: COLDWELL BANKER REALTY