219 31st Street, West Palm Beach, FL 33407

$1,400,000
3
BD
2
BA
1,130
SqFt

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List Price
$1,400,000
MLS#
B26085504
Status
ACTIVE
County
Palm Beach
City
West Palm Beach
Subdivision
North Shore Terrace 1
Bedrooms
3
Bathrooms
2
Living Area
1,130

Property Description

219 31st Street | Northwood Shores RARE NORTHWOOD SHORES DEVELOPMENT OPPORTUNITY — INCOME TODAY, BUILD TOMORROW. Offered furnished, 219 31st Street presents a unique opportunity to acquire an existing Airbnb/short-term rental property together with a complete set of plans for an exceptional new luxury residence of approximately 4,000 square feet under air, with a projected completed value of $4 million+. Located in highly desirable Northwood Shores, the property offers the flexibility to operate the existing furnished residence as a short-term or seasonal rental while preparing for future development. The sale includes the fully paid architectural, civil and landscape plans for a thoughtfully designed luxury home created specifically for this property. The proposed residence has been designed with approximately 4,000 square feet under air, 5 bedrooms, a pool, multiple outdoor living spaces and garage, blending distinctive architecture with the indoor-outdoor lifestyle today's West Palm Beach buyer desires. The striking design features arched windows and architectural details, balconies, expansive entertaining areas and a private pool setting. For a developer, investor or end user, much of the difficult upfront work has already been completed—creating the opportunity to acquire the property, benefit from the existing furnished rental, and move forward with a substantial luxury redevelopment in one of West Palm Beach's most sought-after residential neighborhoods. Existing furnished Airbnb. Exceptional Northwood Shores location. Complete luxury development plans included. Projected $4M+ finished value. 219 31st Street is an opportunity to generate income today while creating something extraordinary for tomorrow.

Additional Information

Days on Market
30
Year Built
1940
Stories
1
Interior Features
Separate Shower
Cooling
Central Air
Heating
Central
Roof
Aluminum
Pool Description
Salt Water
Parking Spaces
1
Elementary School
Northmore
Middle School
Roosevelt
High School
Palm Beach Lakes

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Listing courtesy of Elevate Realty LLC. Contact: