588 Banyan Road
Gulf Stream, Florida 33483

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.

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List Price
$6,500,000
MLS#
RX-10249114
Property Type
Single Family
Lifestyle
  • Deepwater / Intracoastal
Bedrooms
4
Bathrooms
4 full / 1 half
Total Square Feet
4,963
AC Square Feet
3,936
Garage Spaces
2
Year Built
1956
Taxes
$27,427
Tax Year
2016
New Construction
No
Area
Subdivision
POLO COVE
Zip Code
33483
City
Gulf Stream
Governing Body
HOA
Has HOA Fee
No
View
  • Canal
  • Intracoastal
  • Lagoon
Waterfront
  • Yes
Interior
Interior Features
  • Fireplace(s)
Furnished
Unfurnished
Stories
2
Floor
  • Ceramic Tile
  • Other
  • Terrazzo Floor
  • Vinyl Floor
Master Bedroom / Bathroom
  • Bidet
  • Separate Shower
Pets Allowed
No
Exterior
Exterior Features
  • Auto Sprinkler
  • Fence
Architectural Design
  • Traditional
Construction
  • CBS
  • Other
Roof Description
  • Concrete Tile
  • Other
Pool
Yes
Lot Description
  • 1/2 to < 1 Acre
Waterfrontage
530
Lot Dimensions
180 X 170 IRR
Amenities
Security
  • Burglar Alarm
Utilities
Cooling
  • Central
  • Zoned
Heating
  • Central
  • Zoned
Points Of Interest

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