# 531 31st St, West Palm Beach, FL 33407 > **TL;DR:** land, $1,050,000. Est. $5,615/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,050,000 | | Lot Size | 6,098 sqft (0.14 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,309 | | Estimated Insurance | $306 | | **Total** | **$5,615** | ## Property Highlights - 0.14 acre lot ## Description ### Agent 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. ## Location - **Address:** 531 31st St, West Palm Beach, FL 33407 - **County:** Palm Beach - **Neighborhood:** NORTHWOOD ADD - **Coordinates:** 26.741887, -80.055889 - **Google Maps:** https://www.google.com/maps?q=26.741887,-80.055889 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/mia/A12057574 ## Listing Agent - **Name:** Franklin Gaitan · **License:** 3318481 - **Brokerage:** Charles Rutenberg Realty Fort Lauderdale - **Broker Phone:** (954) 396-3001 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/531-31st-St_West-Palm-Beach_FL_33407_M60406-48669?f=listhub&s=MAORFL&m=A12057574&c=propsimple) ## Photos ![531 31st St - Photo 1](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1817640299r.jpg) ![531 31st St - Photo 2](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f2691973346r.jpg) ![531 31st St - Photo 3](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f2423732942r.jpg) ![531 31st St - Photo 4](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f256441158r.jpg) ![531 31st St - Photo 5](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1760024939r.jpg) ![531 31st St - Photo 6](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f3260339332r.jpg) ![531 31st St - Photo 7](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1523182309r.jpg) ![531 31st St - Photo 8](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f3780107529r.jpg) ![531 31st St - Photo 9](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f3376904563r.jpg) ![531 31st St - Photo 10](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1098771813r.jpg) ![531 31st St - Photo 11](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f3271989263r.jpg) ![531 31st St - Photo 12](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f419472975r.jpg) ![531 31st St - Photo 13](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f3471858021r.jpg) ![531 31st St - Photo 14](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1026630742r.jpg) ![531 31st St - Photo 15](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f959479295r.jpg) ![531 31st St - Photo 16](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f580676458r.jpg) ![531 31st St - Photo 17](http://lh.rdcpix.com/49168e2c14c562c7420944b979dbb831l-f1563393371r.jpg) --- **MLS#:** A12057574 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/531-31st-st-west-palm-beach-fl-33407-59794224fdea426098d0a3f4367ff365) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/531-31st-st-west-palm-beach-fl-33407-59794224fdea426098d0a3f4367ff365#listing", "url": "https://staging.propertysimple.ai/listing/531-31st-st-west-palm-beach-fl-33407-59794224fdea426098d0a3f4367ff365", "name": "531 31st St, West Palm Beach, FL 33407", "description": "Rare opportunity to acquire a prime development site in the rapidly transforming Historic Northwest District of West Palm Beach. 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