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505 35th Street, West Palm Beach, FL, 33407 | $4,850,000
Crafted by award-winning architect Roger Janssen and built by Beno Janssen III, this exquisite pre-construction residence, anticipated for completion Fall 2027, will stand as a rare architectural masterpiece in the heart of West Palm Beach's Old Northwood Historic District—at the prime corner of Spruce Avenue and 35th Street. Honoring the timeless Mediterranean Revival legacy of iconic architects John Volk and Gustav Maass, it blends elegant stucco facades, classic barrel-tile roofing, and arched entryways with refined Santa Barbara Modern interiors: clean lines, open-concept flow, vaulted ceilings, a dramatic circular staircase, star hall, and striking fireplace. Spanning 4, 104 SF under air on this estate-sized 12, 000 SF double lot with two separate addresses - a truly rare feature -, this property includes a 3BR/3. 5BA main residence (3, 552 SF A/C including 275 SF garage) and a detached 2BR/2BA guest quarters (552 SF), totaling 5 bedrooms and 5. 5 baths. Enjoy the 15x30 ft heated pool, spa, lush landscaping, driveway, and optional carport. Old Northwood enchants with quiet, mature tree-lined streets and sidewalks. It features an exceptional collection of Florida Land Boom-era homes, preserved by the West Palm Beach Historic Preservation Board amid a vibrant revival driven by nearby multi-billion-dollar projects, to include the nearby Currie Park. Priced at $4, 850, 000—including a $150, 000 allowance for minor customizations—this pre-construction opportunity delivers exceptional value at under $1, 200/SF under air in one of South Florida's most promising historic-luxury enclaves. Note: Currently vacant fenced land with 8' closed-in berm, city-approved plans, double open permit for each address, 505 35th St and 3611 Spruce Ave; minor code enforcement lien pending resolution (lot maintenance during permitting, estimated <$17, 000). Full disclosures available. ALSO: Located in a federally designated Opportunity Zone, offering potential significant capital gains tax deferral and exclusion benefits for qualified investors.
Features
- Rooms: 9
- Bedrooms: 5
- Baths: 5 full / 1 half
- Lot Size: 100 x 190
- Laundry: Laundry Room, Main Level, Upper Level
- Style: Mediterranean
- Development: Old Northwood
- Year Built: 2027
- Garage: 1-car Attached
- Heating: Electric, Zoned
- Cooling: Electric, ENERGY STAR Qualified Equipment, Zoned
- Approx Sq. Feet: 3,552
- Acreage: 0.27
- Lot Size: 100 x 190
- Est. Taxes: $15,680
- Lot Desc: Corner Lot
- View: Garden, Pool
- Elem. School: Northmore
- Middle School: Roosevelt Community
- High School: Palm Beach Lakes
- Pool: ENERGY STAR Qualified pool pump, Gas Heat, Gunite, Heated, Chlorination - Auto
- Pet Policy: Yes, No Restrictions
- Appliances: Gas Water Heater, Instant Hot Water, Water Purifier Owned, Water Softener Owned, Disposal, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Freezer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dryer, Free-Standing Freezer, Gas Range, Microwave, Oven, Trash Compactor, Water Heater, Water Purifier, Water Softener, Washer, Wine Refrigerator
- MLS#: B26003488
- Website: https://www.raveis.com
/eprop/B26003488/50535thstreet_westpalmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.Listing courtesy of One Sotheby's International Realty
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
505 35th Street, West Palm Beach, FL, 33407
$4,850,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,880,000 | $3,880,000 | $3,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.223% |
| Monthly Tax Payment | $1,307 | $1,307 | $1,307 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,952 | $23,575 | $32,742 |
| Total Monthly Payment | $24,384 | $25,007 | $34,174 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388