Teresa Jacalone

550 Skylake Drive, West Palm Beach, FL 33415

$1,395,000

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Property Description

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.

550 Skylake Drive | MLS# R11161152

This single family home located at 550 Skylake Drive, West Palm Beach, FL 33415 is currently listed for sale with an asking price of $1,395,000. This property was built in 1996 and has 4 bedrooms and 3 full and 2 partial baths with 4661 sq. ft. Skylake Drive is located in the MODEL LAND CO subdivision. Search MODEL LAND CO real estate on tjacalone.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric, Zoned
Fenced: Yes
Garage: 2 car attached
Heating: Central, Electric, Heat Strip
Lot Size: 3.31 Acres
Roof Type: Composition, Shingle
Stories: 1.0
Taxes: $6,452
Year Built: 1996
Square Feet: 4,661

Amenities

Entrance Foyer
Walk-In Closet(s)
Bedroom Layout - Split
Balcony

Feature Descriptions

Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Balcony: Balcony - Open
Carport Spaces: 4
Days on Site: 52
Exterior: CBS
Fencing: Fenced
Flooring: Ceramic Tile
Furnished: Unfurnished
Laundry: Inside
Lot: Fruit Tree(s)
Lot: Fruit Tree(s)
Lot Dimensions: 3.31
Parcel#: 00424402010001140
Parking: Attached Carport, Circular Driveway, Covered, Guest, Open, RV Access/Parking, Garage, Carport, Attached Gara
Parking Notes: Attached Carport, Circular Driveway, Covered, Guest, O
Pets Allowed: Yes, No Restrictions
Pool: Gunite, In Ground, Free Form
Restrictions: No Restrictions
Security: yes
Security: Smoke Detector(s), Security Lights, Security System, Gated - No Guard
Sewer: Septic Tank
Spa: Yes
Special View Info: Garden, Pool, Canal
Sprinkler: Auto Sprinkler, Well Sprinkler, Zoned Sprinkler
SQFT Living: 3704
Structure Type: House
Swimming Pool: Yes
Total Rooms: 6
Utilities: Water Available
Utilities: Water Available
Water: Public, Well
Waterfront Features: None
Windows: Plantation Shutters

Room Sizes

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

Local Schools

High School: Palm Beach Central
Middle School: Okeeheelee
Elementary School: Pine Jog

Listed By / Shown By

Listed By

Agency Name: 920 Real Inc.
Agency Phone: 561-391-4141

Shown By

Agent Name: Teresa Jacalone
Agent Phone: (904) 501-8241
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 7,671.44 per month $6,726.90 Principal & Interest $537.67 Property Tax $406.88 Homeowner's Insurance

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