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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
Subdivision: North Shore Terrace 1
Status: ACTIVE
Type: Single Family Residential
Bedrooms: 3
Full baths: 2
Living Area: 1,130

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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.

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Additional Information

Days on Market: 2
Tax Amount: $9,596
Pool: Yes
Parcel Number: 74434310140010231
#Garage Spaces: 1
Bedroom Description: Primary Bath Shower
Front Exposure: North
Lot Size: 6,098
Exterior Features: Other
Parking Restrictions: 1 Space, Detached, Parking Garage
Pet Restrictions: Yes
Pets Allowed: Yes
Address: 219 31st Street, West Palm Beach
Elementary School: Northmore
SqFt Liv Area: 1,130
Year Built: 1940
Development Name: North Shore Terrace 1
Style: House
Middle School: Roosevelt
Senior High School: Palm Beach Lakes
Restrictions: Other Restrictions
Construction Type: Concrete Block Construction, Stucco
Interior Features: Other