227 SUNSET Road, West Palm Beach, FL 33401

$4,100,000
3
BD
4
BA
2,119
SqFt

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List Price
$4,100,000
Status
ACTIVE
Days on Market
19
MLS#
B26087754
Subtype
Residential
Year Built
1930
Bedrooms
3
Bathrooms
4
Full Baths
4
Living Area
2,119
Acres
0.17
Subdivision
Aravale
Neighborhood
PB20
MLS Area Major
5440

Property Description

Rare Opportunity: Historic Board-Approved Luxury Estate in the Heart of El Cid Discover an extraordinary opportunity to transform a 1925 historic gem into a spectacular luxury estate in the heart of West Palm Beach's highly sought-after El Cid neighborhood. In a significant milestone, the property's stunning architectural plans by celebrated architect Dr. Russell Rosicki have received approval from the West Palm Beach Historic Preservation Board. This coveted approval, achieved through a rigorous and often lengthy review process, represents an exceptional advantage for the discerning buyer—eliminating a major development hurdle and providing a valuable head start toward construction. The thoughtfully designed and historic board-approved plans envision an elegant four-bedroom, four-and-a-half-bath main residence, complemented by a freestanding two-car garage with a private one-bedroom, one-bath guest apartment above. Set on a spacious 7,230-square-foot Lake Block corner lot, the property offers an exceptional opportunity to combine historic character with contemporary luxury and personalized finishes. The sale includes the existing home, garage and guest apartment in as-is condition, the architectural plans, and lot clearing. With the critical Historic Preservation Board approval already secured, buyers can move forward with greater confidence, avoiding the substantial time, complexity, and uncertainty associated with obtaining this important approval. Construction bids are also available, providing additional clarity and a valuable head start on bringing this remarkable vision to life. A truly rare opportunity to create a one-of-a-kind luxury estate in one of West Palm Beach's most desirable historic neighborhoods—with the architectural vision established, a major approval milestone achieved, and the freedom to make the finishing touches entirely your own. The property has been preliminarily approved to receive the 10 year tax abatement which exempts 100% of the increase in assessed property value resulting from the renovation!

Additional Information

Interior Features
None, Other
Taxes
$34,482
Zoning
SF14 (city)
Flooring
Wood
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Frame
Stories
2
Levels
Two
Roof
Barrel
Parking Features
Attached, Garage
Garage Spaces
2
Elementary School
Palm Beach Public
High School
Forest Hill

Listing courtesy of William Raveis Real Estate. Contact:

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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.


Agent: Stephen Simpson | Email: ssimpson@raveis.com