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Active - Other for sale

531 31st St, West Palm Beach FL 33407

Facts & features

Other Property type
113 days on Beycome
6,098 sqft Lot size

Why you’ll love it

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.

Translating description...

Listings courtesy of Charles Rutenberg Realty FTL.

Listed by: Franklin Gaitan • 954-849-2594 • Charles Rutenberg Realty FTL

Co-listed by: Charles Rutenberg Realty FTL

Source: Miami MLS, MLS#: A12057574 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

Come see by yourself

Affordability

$685,000$1,420,000
1%20%
0%90%
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Estimated monthly payment

$6,145/mo

  • Mortgage$5,309
  • Property tax$835
  • HOA fee
  • Homeowners insurance
Due at closing$834,750
Down payment held in escrow$210,000
Closing costs$15,750
beycome credit Est.$21,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Northwood Add

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$1,050,000 Listed price

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