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588 Banyan Road Gulf Stream Florida, 33483

$7.3 Million USD
MLS #RX-10249114

Enchanting waterfront beauty embraces three sides of this rare double-point island-like oasis in a prime position where the Intracoastal Waterway meets Polo Cove, a large, sheltered yacht basin surrounded by land that was once the historic polo fields that made Gulf Stream the sport’s winter capital for many years.  Sprawling across a total of 530± feet of waterfront, this sizeable property’s wraparound shoreline opens up panoramic views to the west, south, and east, looking across and down the Intracoastal and over the tranquil cove waters.  A seawall spans all three sides of the shoreline which is equipped with boat dockage just off the Intracoastal Waterway.

Set behind a canopy of mature shade trees at the entrance to the property, the traditional, vintage Florida residence is oriented to maximize the sweeping waterfront vista, and opens to a pool terrace on the southwest point.  Encompassing spacious 0.64±-acre grounds, this truly extraordinary property lends itself to the creation of a substantial new custom estate here in the breathtaking scenery of one of Gulf Stream’s finest waterfront sites.

Location

Banyan Road, Gulf Stream, Florida.  A hidden gem in the heart of South Florida’s fabled Gold Coast, Gulf Stream is a quiet oceanfront hamlet prized for its exceptional quality of life and Old Florida character.  Established as an exclusive winter resort in the 1920’s, Gulf Stream is served by a winding tree-canopied stretch of Ocean Boulevard designated a Historic Scenic Highway.  Centrally located between Palm Beach and Boca Raton, Gulf Stream sits just north of Delray Beach, renowned for its charming historic downtown district offering a vibrant array of bistros and boutiques.

Property

Surrounded by water on three sides, this rare double-point estate features a grand total of 530± feet of shoreline which fronts the Intracoastal Waterway and famous Polo Cove, giving unobstructed panoramic water views stretching from the west to the south and east.  A winding drive leads to a circular motor court in front of the residence on expansive lawns with lush, established tropical trees and plantings.  By the sun-splashed pool, the lounge terrace takes in the sweeping water view of the island-like setting.  The cove frontage is equipped with boat dockage.

Residence

Capturing picturesque water views from nearly every room, this classic mid-century vintage residence comprises a total of 4,963± square feet with four bedrooms and four and a-half baths including a self-contained guest apartment above the two-bay garage.

Opening to the pool terrace and long southwest water view, the living room is appointed with a tray ceiling, cypress paneling, terrazzo floors, and a full-height brick fireplace.  Water views also backdrop the cypress-paneled library/office.  A tray ceiling highlights the dining room which faces west to the Intracoastal Waterway and sunset view.  The sleek white kitchen with butcher-block counters and tile floors opens into the family room looking out over the Intracoastal Waterway.  The master bedroom and two additional bedrooms all have their own baths.  Over the garage, the separate guest apartment is complete with a cypress-paneled living room, a kitchenette, bedroom, and bath.

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. Data pertaining to sold properties exceeding $1 million in the marketplace represented by Premier Estate Properties Inc. All prices are sold prices. Premier Estate Properties has listed, sold or participated in the sale of these properties. The transactions representing both buyers and sellers are calculated twice. Premier Estate Properties’ marketplace is all of the following: Vero Beach, town of Orchid, Indian River Shores, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Boca Raton, Highland Beach, Hillsboro Beach, Suburban Boca Raton, Suburban Delray Beach, Fort Lauderdale, Sea Ranch Lakes, East Pompano Beach, Hillsboro Shores, Lighthouse Point, and East Deerfield Beach. All written and verbal information including that produced by the Sellers or Premier Estate Properties are subject to errors, omissions or changes without notice and should be independently verified by any prospective purchaser of a Property. The sellers and Premier Estate Properties Inc. expressly disclaim any warranty or representation regarding all information. Prospective purchasers’ use of any written and verbal information is acknowledgement of this disclaimer and that the prospective purchaser shall perform their own due diligence. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. “No Commissions Paid until Title Passes.” Buyer pays title insurance, Florida documentary stamps, and all other closing costs for New Construction and land use. Prospective purchasers shall not rely on this information when entering into a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. Copyright 2016 Premier Estate Properties Inc. All Rights Reserved. Copyright 2016 Premier Estate Properties Inc. All Rights Reserved.
CALL US 866.502.7344
Agent Information
William Koch
Broker Associate
Call: 866.502.7344
william@premierestateproperties.com
Property Map
588 Banyan Road Gulf Stream Florida, 33483
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