531 31st St, West Palm Beach, FL 33407

$1,050,000

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List Price
$1,050,000
MLS#
A12057574
Status
ACTIVE
Type
Land

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

Days on Market
4
Tax Amount
$10,023
Water Access
None
Parcel Number
74434309050240160
Front Exposure
South
Lot Size
6,098
Directions
Google Maps.
Address
531 31st St, West Palm Beach
Development Name
Northwood Add
Development
Northwood Add
Section
9

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Listing Courtesy of Charles Rutenberg Realty FTL, Contact: