About this home
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!
Listing last checked: Listing updated:
Listed by Stephen Simpson · William Raveis Real Estate · MLS #B26087754
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Details at a glance
Interior4 property facts
- Rooms
- 3
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Wood
Building5 property facts
- Style
- Single Family Residence
- Year built
- 1930
- Garage
- 2
- Parking
- 2
- Roof
- Barrel
Land & utilities4 property facts
- Lot size
- 0.17 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- SF14 (city)
Financial3 property facts
- Annual taxes
- $34,482
- Assessment year
- 2026
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $4,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$23,605 / monthAdjust
- Principal & interest
- $20,732
- Property tax
- $2,874
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $34,482. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 227 SUNSET Road
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