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!
For sale
$4,100,000
227 Sunset Rd, West Palm Beach, FL 33401
3beds
2,119sqft
Single Family Residence, Residential
Built in 1930
7,405 Square Feet Lot
$-- Zestimate®
$1,935/sqft
$-- HOA
What's special
Freestanding two-car garageFour-bedroom four-and-a-half-bath main residence
- 24 days
- 1,937
- 122
Zillow last checked:
Listing updated:
Listed by:
STEPHEN R SIMPSON 561-655-6570,
William Raveis Real Estate
Source: Palm Beach BOR,MLS#: 26-1344
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
- Windows: Single Hung
- Has fireplace: Yes
- Fireplace features: Fireplace
Interior area
- Total structure area: 2,826
- Total interior livable area: 2,119 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Pool features: None
- Waterfront features: None
Lot
- Size: 7,405 Square Feet
- Dimensions: 56 x 129
Details
- Additional structures: Guest House
- Parcel number: 74434328010000050
- Zoning: SF14
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subtype: Single Family Residence, Residential
Materials
- Frame
- Roof: Barrel
Condition
- Year built: 1930
Utilities & green energy
- Water: Public
Community & HOA
Community
- Security: No Security
- Subdivision: Aravale Replat
Location
- Region: West Palm Beach
Financial & listing details
- Price per square foot: $1,935/sqft
- Tax assessed value: $1,882,279
- Annual tax amount: $34,482
- Date on market: 10/13/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $4,100,000+70.8%$1,935/sqft |
Source: Palm Beach BOR #26-1344 Report a problem | ||
| 6/29/2026 | Sold | $2,400,000$1,133/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $29,956 -1.4% | $1,241,668 +10% |
| 2024 | $30,367 +2.4% | $1,128,789 -50.3% |
| 2023 | $29,665 +16% | $2,270,207 +143.4% |
| 2022 | $25,581 +27.9% | $932,884 +10% |
| 2021 | $19,993 +12.4% | $848,076 +10% |
| 2020 | $17,794 +5.9% | $770,978 +10% |
| 2019 | $16,801 | $700,889 +4.2% |
| 2018 | $16,801 +16.7% | $672,494 -13.1% |
| 2017 | $14,392 +0.3% | $773,562 +46.9% |
| 2016 | $14,348 +6.4% | $526,588 +10% |
| 2015 | $13,489 +18.7% | $478,716 +10% |
| 2014 | $11,362 +16.7% | $435,196 +10% |
| 2013 | $9,738 +10.4% | $395,633 +10% |
| 2012 | $8,822 -6.8% | $359,666 -6.4% |
| 2011 | $9,466 -2.5% | $384,418 -0.9% |
| 2010 | $9,709 -7.9% | $388,059 -11.1% |
| 2009 | $10,547 -20.7% | $436,434 -28.5% |
| 2008 | $13,302 -5.7% | $610,298 -8.1% |
| 2007 | $14,105 -8.7% | $663,795 -0.5% |
| 2006 | $15,448 | $667,438 +35.1% |
| 2005 | -- | $494,148 +23.9% |
| 2004 | $6,100 +3785.1% | $398,968 -7.2% |
| 2003 | $157 -97.7% | $429,729 +55.6% |
| 2002 | $6,955 +96.5% | $276,138 +72.9% |
| 2000 | $3,539 +8.8% | $159,714 +0.4% |
| 1999 | $3,251 | $159,082 |
Find assessor info on the county website
Monthly payment
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