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531 31st St, West Palm Beach FL 33407

Lots/Land For Sale
$1,050,000

BTC: 12.40841409

ETH: 396.22641509

74 days
0 room(s)

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.

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.14 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$157,500
$70K – $1.0M
Confidence Low
List vs. estimate
$892K above estimate
List $1,050,000 · +566.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $675K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,023
2025
View
None
All facts and features
  • Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 74434309050240160

    • Zoning: SF14 (ci

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Utility

    • Electricity Connected

    • Water Connected

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $10,023

  • Source details

    • MLS ID: A12057574

    Other facts

    • Lot Features: City Location / Less Than 1/4 Acre Lot / Fenced

    • Direction Faces: South

    • Other Structures: Utility Building

    • Water Source: Municipal Water

    • Subdivision Name: NORTHWOOD ADD

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Charles Rutenberg Realty FTL