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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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531 31st St , West Palm Beach, FL 33407
$1,050,000
Est. Payment: $5,605.48/mo
0.14 Acres
Status: active | Days on site: 4
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CHHF01 - 3318481
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House 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.

Highlights

Listed by Franklin Gaitan , 954-849-2594 Charles Rutenberg Realty FTL , 954-396-3001. REALTOR Association of Greater Miami and the Beach

Property Type

Vacant Land

Lot/Acreage
0.14

County

Palm Beach

Area

5420

Neighborhood

Northwood Add

Listing ID

A12057574

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Interior Features

Water:Public

Exterior Features

Lot:< 1/4 Acre
Zoning:SF14 (ci
Sewer:Public Sewer
Principal Interest
$5,605
Taxes
$835

Home Price

$1,050,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$210,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,605.48

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,605.48 $835.25 $0.00 $6,440.73
Yearly $67,265.71 $10,023.00 $0.00 $77,288.71
Total $2,017,971.15 $300,690.00 $0.00 $2,318,661.15

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-03T09:10:58.000Z

© 2026 REALTOR Association of Greater Miami and the Beach