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Property Listing

531 31st Street, West Palm Beach, FL 33407

$1,050,000

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Baths

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Property Overview

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.

Features & Details

MLS IDA12057574
Statusactive
Property Typeland
CityWest Palm Beach
Neighborhoodold-northwood
Living AreaNot provided by MLS
Lot Size6,098 sq ft

Location

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Mortgage Calculator

Estimate monthly payments and basic cash flow for 531 31st Street, West Palm Beach, FL 33407.

Estimated Monthly Payment

$6,998

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Cash Flow Analysis

Mortgage Payment

$5,448

Total Monthly Payment

$6,998

Cash Flow

-$6,998

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Listing Information

MLS ID: A12057574

Listing Office: Charles Rutenberg Realty FTL

Listing Agent: Franklin alberto Gaitan

Source: MIAMI REALTORS® MLS

Last Updated: Pending live MLS feed

Listing information is provided for consumer informational purposes only. Data will be updated with required MLS attribution, broker attribution, source disclosure, and accuracy disclaimers once the live IDX/MLS feed is connected.

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