531 31st St, West Palm Beach, FL 33407

$1,050,000

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List Price
$1,050,000
MLS#
A12057574
Lot Size
6,098
Subtype
Residential
County
Palm Beach
Community
Northwood Add
Subdivision
Northwood Add

Property Description

Rare opportunity to acquire a prime development site in the rapidly transforming Historic Northwest District of West Palm Beach. This property is being sold with approved plans from the City of West Palm Beach and the Historic Preservation Board, allowing the next owner to move forward with development much faster than starting from scratch. The approved project features approximately 3,500 total square feet, including a spacious 4-bedroom, 3-bath main residence, a detached 2-bedroom, 1-bath guest house, garages, and a pool. The existing structure has already been demolished, and the lot is cleared and fenced. A tremendous amount of time, design work, and development costs have already been invested, making this an outstanding opportunity for builders, investors, or end users looking to build a custom property without the lengthy approval process. Conveniently located minutes from Downtown West Palm Beach, Palm Beach Island, major highways, shopping, dining, and the Brightline station.

Additional Information

Front Exposure
South
Status Label
ACTIVE
Boat Service
None
Lot Description
City Location, Less Than 1/4 Acre Lot, Fenced
Taxes
$10,023
Utilities
Electricity Connected, Water Connected, Sewer Available, Water Available
View
None
Acres
0.14
Boat Services
None

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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy Of Charles Rutenberg Realty FTL, Contact: