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Lot/land
  • $1,050,000

    531 31st St, West Palm Beach, FL 33407

    --beds
    --baths
    6,098Square Feet
    Unimproved Land
    Built in ----
    6,098 Square Feet Lot
    $994,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime development site
    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.
    5 days
    |
    83
    |
    8
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Franklin Gaitan 954-849-2594,

    Charles Rutenberg Realty FTL

    Source: MIAMI,MLS#: A12057574MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Fencing: Fenced
      • Has view: Yes
      • View description: None
      Lot
      • Size: 6,098 Square Feet
      • Features: City Lot, Less Than 1/4 Acre Lot
      • Residential vegetation: No Trees
      Details
      • Additional structures: Utility Building
      • Parcel number: 74434309050240160
      • Zoning: SF14 (ci

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Municipal Water
      • Utilities for property: Electricity Connected, Water Connected, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Northwood Add
      HOA
      • Has HOA: No
      Location
      • Region: West Palm Beach

      Financial & listing details

      • Tax assessed value: $460,378
      • Annual tax amount: $10,023
      • Date on market: 7/24/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $994,200

        $944,000 - $1.04M

        $3,919/mo

        Price history

        DateEventPrice
        7/24/2026Listed for sale$1,050,000+75%
        Source: MIAMI #A12057574 Report a problem
        1/5/2024Sold$600,000+160.9%
        Source: Public Record Report a problem
        10/4/2018Listing removed$230,000
        Source: Balistreri Realty Inc #F10131736 Report a problem
        7/13/2018Listed for sale$230,000+53.3%
        Source: Balistreri Realty Inc 3 #F10131736 Report a problem
        10/25/2016Sold$150,000-5.7%
        Source: Public Record Report a problem
        7/27/2015Sold$159,000+6.1%
        Source: Public Record Report a problem
        6/30/2015Pending sale$149,900
        Source: Jupiter, Tequesta, Hobe Sound Association of Realtors #RX-10073463 Report a problem
        6/30/2015Listed for sale$149,900-31.8%
        Source: Jupiter, Tequesta, Hobe Sound Association of Realtors #RX-10073463 Report a problem
        2/26/2015Listing removed$219,900
        Source: W1 Real Estate Inc #RX-10073463 Report a problem
        2/22/2015Price change$219,900-3.9%
        Source: W1 Real Estate Inc #RX-10073463 Report a problem
        1/16/2015Price change$228,900-8.4%
        Source: W1 Real Estate Inc #RX-10073463 Report a problem
        9/19/2014Listed for sale$249,900-35.8%
        Source: W1 Real Estate Inc #RX-10073463 Report a problem
        5/23/2008Listing removed$389,000
        Source: Century 21 #R2882302 Report a problem
        3/5/2008Listed for sale$389,000+49.7%
        Source: Century 21 #R2882302 Report a problem
        4/19/2004Sold$259,900
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,023 -8.4%$460,378 -8.9%
        2024$10,939 +12.8%$505,223 +32.6%
        2023$9,694 -7.7%$381,038 +10%
        2022$10,505 +17.7%$346,398 +10%
        2021$8,925 +9.9%$314,907 +10%
        2020$8,120 -2.1%$286,279 -3.3%
        2019$8,295 $296,057 +4.1%
        2018$8,295 -1.5%$284,384 +11.2%
        2017$8,419 +40.2%$255,758 +7.9%
        2016$6,007 +5.3%$237,045 -23.1%
        2015$5,706 -2.9%$308,173 +45.3%
        2014$5,878 +29.5%$212,067 +21%
        2012$4,540 -13.9%$175,262 -14.5%
        2011$5,274 +6.2%$205,012 +8.4%
        2010$4,964 -14.7%$189,179 -18.5%
        2009$5,817 +12%$232,194 -13.9%
        2008$5,194 -3%$269,674 +0.5%
        2007$5,352 -5.6%$268,366 +2.5%
        2006$5,667 $261,820 +3%
        2005-- $254,194 +8.3%
        2004$3,590 +1625.9%$234,805 +20.3%
        2003$208 -93.3%$195,191 +36.4%
        2002$3,114 +0.1%$143,063 +1.6%
        2001$3,110 +8.5%$140,810 +32.9%
        2000$2,868 +17.3%$105,960 +7.9%
        1999$2,446 $98,172
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Old Northwood

        Getting around

        62 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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