$875,000
3712 S Olive Avenue
West Palm Beach, FL 33405
Central Park Add 01
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $875,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 8
This lot in ZIP 33405 went under contract with an asking price of $875,000. It spent 8 days on the market before going under contract.
Estimated monthly payment
$4,599 /mo
Principal and interest only, based on $175,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $875,000
- Days on Site
- 8 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 6029 Acres
- Property Type
- Land
- MLS #
- F10555704
- Property Tax
- $7,842 (2025)
- Subdivision
- Central Park Add 01
- County
- Palm Beach
- Status
- Under Contract
About This Property
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 circa 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.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Under Contract
- Direction Faces
- East
- Lot Size (Acres)
- 6029
- Zoning
- MF20-C1
Exterior Features
- Lot Features
- Other
Community & HOA
- Community Features
- Curbs
- Financing Terms
- Cash / Conventional
- MLS Area
- 5440
Schools
- Elementary School
- Palmetto (Palm Beach)
- Middle School
- Conniston Community
- High School
- Forest Hill
About the Area
West Palm Beach homes for sale range from $200K downtown condos to $8,000,000 Intracoastal estates, more ground than most buyers expect. Clematis Street condos start in the low $200Ks. Northwood Village bungalows trade in the $400K to $600K range. El Cid and Flamingo Park have 1920s to 1940s Mediterranean Revival homes at $500K to $1,200,000. Newer 3-bedroom homes along Forest Hill and Southern Boulevards stay under $450K. South End waterfront estates run $3,000,000 to $8,000,000. The city covers 55 square miles as Palm Beach County's seat. Palm Beach International Airport is 3 miles out. Fort Lauderdale is under 40 minutes via I-95.
- Homes for Sale
- 1,799
- Under Contract
- 580
- Median List Price
- $324,700
- Median Sale Price (September)
- $385,000
- Median $/Sq Ft
- $248
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 3712 S Olive Avenue, West Palm Beach, FL 33405?
- Use the Tour button on this listing to request a showing of 3712 S Olive Avenue, West Palm Beach, FL 33405. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 3712 S Olive Avenue, West Palm Beach, FL 33405 still available?
- 3712 S Olive Avenue, West Palm Beach, FL 33405 is currently listed as Under Contract, and has been on the market 8 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 3712 S Olive Avenue, West Palm Beach, FL 33405?
- With 20% down ($175,000) on the $875,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3712 S Olive Avenue, West Palm Beach, FL 33405 is about $4,599/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3712 S Olive Avenue, West Palm Beach, FL 33405?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3712 S Olive Avenue, West Palm Beach, FL 33405. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 3712 S Olive Avenue, West Palm Beach, FL 33405?
- 3712 S Olive Avenue, West Palm Beach, FL 33405 is zoned for Palmetto (Palm Beach) (elementary), Conniston Community (middle), Forest Hill (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 3712 S Olive Avenue, West Palm Beach, FL 33405?
- Often, yes. The right offer on 3712 S Olive Avenue, West Palm Beach, FL 33405 depends on how it's priced against comparable land sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Media Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$875,000
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Listed by Peter Dacko III, Media Realty
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Recent Sales
Recently sold homes in ZIP 33405
These are the last 6 recorded closings in ZIP 33405, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,250 per square foot. The most recent closed on October 9, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$2,275,000
Sold · October 9, 2026
308 Greymon Drive
5 bed · 4.5 bath · 2,436 sqft · $934/sqft
$425,000 under the asking price
Sold$1,625,000
Sold · October 9, 2026
240 GREGORY Road
3 bed · 2 bath · 1,300 sqft · $1,250/sqft
$75,000 under the asking price
Sold$10,500,000
Sold · October 9, 2026
5011 S FLAGLER Drive
3 bed · 3.5 bath · 5,913 sqft · $1,776/sqft
$5,000,000 under the asking price
Sold$3,900,000
Sold · October 8, 2026
6316 S Olive Avenue
4 bed · 5 bath · 4,570 sqft · $853/sqft
$50,000 under the asking price
Sold$1,750,000
Sold · October 7, 2026
341 Ellamar Road
3 bed · 2 bath · 1,576 sqft · $1,110/sqft
Sold$13,000,000
Sold · October 5, 2026
5501 S Flagler Drive
5 bed · 5 bath · 5,002 sqft · $2,599/sqft
$495,000 under the asking price
See every recorded sale in ZIP 33405 or find out what your ZIP 33405 home is worth.
