Active Under Contract

3712 S Olive Avenue

West Palm Beach, FL 33405
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SqFt6,029

Sqft(Lot)

Prime Corner Historic Asset | Central Park Asst - Positioned at the prominent corner of S. Olive Avenue and Lakeland Drive, this offering represents a rare opportunity to acquire a true character asset in the heart of the Central Park Historic District, within the coveted SoSo corridor of West Palm Beach. Situated on approximately 6,029 square feet of MF20-zoned land (Multifamily Residential High-Density), the property benefits from one of the South End’s most flexible residential zoning classifications. The existing structure — a 1932 service station consisting of approximately 1,206 SF of frame with stucco construction — is recognized as a contributing structure. While it cannot be razed, this designation is not a limitation — it is a strategic advantage. The existing structure — a cir ca 1932 service station consisting of approximately 1,206 square feet of frame with stucco construction — is recognized as a contributing structure within the historic district. While it cannot be razed, this designation is not a limitation — it is a strategic advantage. Historic status protects neighborhood scale, limits overdevelopment, and reinforces long-term scarcity. Exterior improvements are subject to historic review, ensuring architectural continuity and preserving the district’s identity and premium positioning.A Corner Location With Architectural PresenceCorner parcels in Central Park are inherently more valuable due to:Enhanced visibility and architectural prominenceSuperior light exposureDesign flexibility within historic parametersLong-term desirability relative to interior lotsCombined with MF20 zoning, the site offers meaningful flexibility for a buyer seeking adaptive reuse, restoration, or historically compatible repositioning within one of West Palm Beach’s most supply-constrained residential enclaves.The Central Park & SoSo Investment NarrativeThe Central Park Historic District and the broader SoSo corridor represent one of the strongest residential appreciation stories in South Florida.Located just south of Southern Boulevard and moments from the Intracoastal Waterway, Flagler Drive, Downtown WPB, and Palm Beach Island, this neighborhood delivers:Architectural character and authentic historic charmWalkable, tree-lined streets anchored by S. Olive AvenueProximity to waterfront recreation and cultural amenitiesStrong aesthetic cohesion and preserved streetscapesScarcity-driven pricing supportUnlike many Florida markets dominated by speculative new construction, Central Park offers something increasingly rare: authenticity, architectural continuity, and intrinsic land value strength.Demand Drivers: Capital Migration & Affluent BuyersWest Palm Beach has undergone a structural transformation, frequently referred to as “Wall Street South.” The relocation and expansion of financial services, private equity, and investment firms have materially elevated the buyer profile throughout the South End.Key economic tailwinds include:Expansion of financial and investment firms downtownContinued migration from high-tax Northeast and Midwest marketsFlorida’s tax advantagesImmediate proximity to Palm Beach IslandEnhanced connectivity including Brightline rail accessThe result is a liquidity-rich, design-conscious buyer pool seeking:Historic architecture with modern systemsIntracoastal proximityBoutique-scale living environmentsUnique assets with character and storyCentral Park and SoSo consistently capture this demand.Properties that successfully blend historic authenticity with modern infrastructure often command compelling price-per-square-foot premiums relative to broader WPB averages.Investment ThesisThis property offers a layered value proposition:1. Land Value Strength | Proximity to the Intracoastal and Palm Beach Island underpins long-term intrinsic land appreciation.2. Historic Scarcity | Demolition restrictions and design oversight prevent overbuilding and protect neighborhood character.3. Multifamily Zoning (MF20) | High-density residential zoning creates optionality within a constrained historic framework.4. Corner Lot Premium | Visibility and prominence support long-term positioning and design impact.5. Capital Migration Tailwinds | As West Palm Beach continues its financial and cultural ascent, South End properties stand to benefit disproportionately.

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Detail Ic Property Details

Property Type : Land

Price : $875,000

AD Id : 75754663

MLS Id : F10555704

Lot Size : 6,029 Sqft(Lot)

County : Palm Beach

Subdivision: Central Park Add 01

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  • Lot Information

    Lot Dimensions: 6029 Main Square Feet: 6029 Lot Size Acres: 6029 Lot Size Square Feet: 6,030 Lot Description: Other

    Property Information

    Subdivision: Central Park Add 01 Source Property Type: Land Postal Code Plus 4: 2316 Property SubType: Unimproved Land Direction Faces: East

  • Listing Price Information

    Listing Price: $875000
    Cash, Conventional

  • Tax Information

    Parcel Number: 74434334130000010 Tax Year: 2025 Annual Tax: $7842 Tax Legal Desc: CENTRAL PARK 1 LT 1 & WLY 15 FT OF LT 2

  • School Information

    Elementary School: Palmetto (Palm Beach) Junior High School: Conniston Community Senior High School: Forest Hill
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Nearby Home Value

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6301 Lake Avenue, West Palm Beach, FL, 33405 $675,000 -- -- -- 6,750 Sqft(Lot)
6311 Lake Avenue, West Palm Beach, FL, 33405 $675,000 -- -- -- 6,750 Sqft(Lot)
333 Murray Road, West Palm Beach, FL, 33405 $3,995,000 -- -- -- 12,633 Sqft(Lot)
3500 S Dixie Highway, West Palm Beach, FL, 33405 $2,150,000 -- -- -- 10,202 Sqft(Lot)
8026 Flagler Court, West Palm Beach, FL, 33405 $11,950,000 -- -- -- Acres (Lot)--
8001 Arlington Place, West Palm Beach, FL, 33405 $2,699,000 -- -- -- 9,862 Sqft(Lot)
6745 Forest Court, West Palm Beach, FL, 33405 $575,000 -- -- -- 22,734 Sqft(Lot)
6410 S Olive Avenue, West Palm Beach, FL, 33405 $1,500,000 -- -- -- Acres (Lot)--
245 Puritan Road, West Palm Beach, FL, 33405 $3,000,000 -- -- -- 10,890 Sqft(Lot)
7800 S Dixie Highway, West Palm Beach, FL, 33405 $7,000,000 -- -- -- Acres (Lot)--

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ByOwner last updated this listing 06/22/2026 @ 01:33

MLS: F10555704 LISTED BY: Peter Dacko, Media Realty 954-923-2325 SOURCE: Beaches MLS

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