The story
An investment worth telling
In the "SoSo" (South of Southern) pocket of West Palm Beach — tree-lined, walkable, two blocks from the Intracoastal — this 1955 home''s best asset was the ground it sat on.
Representing the buyer, a developer, Catherine recognized the value in the land and the location and closed in 14 days at $885,000. The plan is a ground-up custom residence on the site, targeted by the buyer in the multimillion-dollar range.
A land-and-vision play in one of Palm Beach County''s tightening infill neighborhoods — and SunSt''s first Palm Beach County transaction.
Standout feature
The dirt, not the house. In an appreciating West Palm Beach infill pocket steps from the Intracoastal, the buyer wasn''t acquiring a 1955 cottage — they were acquiring a build site.
Interesting facts
Things worth knowing
- ◆SoSo (South of Southern) neighborhood, West Palm Beach; roughly two blocks from the Intracoastal.
- ◆6,560 sq ft lot on a sidewalk-lined street; steps from S. Olive Park, shops, and dining.
- ◆Existing home suited to renovation or teardown; buyer is a developer planning a new custom build (reported target ~$5M — the buyer's plan, not a current value).
- ◆Under contract in 14 days.
- ◆SunSt's first Palm Beach County closing — a marker for tri-county reach.
The numbers
The math behind the deal
- List price
- $998,000
- Closed price
- $885,000
- Days on market
- 14
- Buyer's build plan
- New construction, reported ~$5M (plan, not appraised value)
Represented by
All information is deemed reliable but not guaranteed and should be independently verified. Estimated values are AVM estimates as of the date shown, are not appraisals, and do not guarantee current or future value. Certain transactions were completed while an agent was affiliated with another brokerage; attribution is noted per property. SunSt Real Estate LLC. FL Broker License #BK3420278.