A prime waterfront property on Palm Beach’s exclusive Everglades Island has changed hands for a significant $30 million. The five-bedroom residence, previously owned by the late philanthropists Richard and Pat Johnson, offers expansive views of the Intracoastal Waterway and boasts a range of luxurious amenities.
Key Takeaways
- A five-bedroom home on Everglades Island sold for $30 million.
- The property features 110 feet of Intracoastal Waterway frontage.
- The buyers are Palm Beach resident Kim B. Bepler, as trustee.
- The sellers were the children of the late Richard and Pat Johnson.
A Prestigious Address
The residence, located at 751 Island Drive, was owned by the late Richard and Pat Johnson, prominent figures in Palm Beach County known for their significant contributions to local history and philanthropy, including the Richard and Pat Johnson Palm Beach County History Museum. The property was sold by their children to Palm Beach resident Kim B. Bepler, who purchased it through a revocable trust.
Property Highlights
This Bermuda-style home, completed in 1988, sits on approximately four-tenths of an acre and offers 5,550 square feet of living space. Its features include two fireplaces, a ground-floor primary bedroom suite, a boat lift, and direct access to the Intracoastal Waterway. The Johnsons had previously remodeled parts of the house, including refurbishing the seawall and adding a dock with a boatlift.
The home’s layout is designed for both comfortable living and elegant entertaining. The ground floor includes a primary bedroom suite with a fireplace and French doors leading to a terrace overlooking the waterway, a guest bedroom suite, a formal dining room, a den, and a two-car garage. Upstairs, an additional guest suite includes its own living room and kitchenette.
Market Activity
The property initially entered the market in early November with an asking price of $34.95 million. The sale, which closed on March 13, saw the property fetch $30 million. Premier Estate Properties agents Jim McCann and Christopher Hughes Bode represented the sellers, while Christian Angle of Christian Angle Real Estate represented the buyer. This transaction follows another significant sale on Everglades Island earlier this year, where a Georgian-style house at 631 Island Drive sold for $31.75 million.
Sources
- Palm Beach lakefront home sells for $30 million on Everglades Island, Detroit Free Press.
- Everglades Island house fetches $31.75 million in Palm Beach, Palm Beach Daily News.