$1,050,000
531 31st St, West Palm Beach FL 33407
West Palm Beach, FL, 33407
- Lot Size
- 0.14 acres
- Property Type
- Residential
- Annual Taxes
- $10,023/yr
- MLS #
- A12057574
Market Position
Using 10 of 10 matching comparables
Lower percentile = priced below more of the sampled comparison set.
- List price
- $1,050,000 · area median: $447,500
- Days on market
- 4 · area median: 64
Computed from active comparable listings of the same type and similar size within about 10 miles.
Calculated: Jul 28, 2026 · Newest source update: Jul 3, 2026
Listing courtesy of Charles Rutenberg Realty FTL · 954-396-3001
Listed by Franklin Gaitan
Last updated: Jul 28, 2026
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
View
est.$6,144/mo
Est. payment based on a $1,050,000 home price.
Estimate includes principal & interest, property tax and HOA where known — it excludes insurance, PMI, flood/wind, CDD and special assessments. For information only; actual amounts vary.
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