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$1,150,000

Beds
4
Baths
3.0
sq ft
1,890

261 Summa St, West Palm Beach, FL 33405

261 Summa St

West Palm Beach, FL 33405

  • 13 days on market
Builder's Dream in SoSo 'West Palm Beach'- Prime Opportunity Near Palm Beach Island! 4 Bedrooms 3 Bathrooms A rare development opportunity in the heart of the highly sought-after SoSo (South of Southern) neighborhood! This prime 7,200 sq. ft. lot (72' x 100') is perfect for a tear-down and new luxury construction, just minutes from Palm Beach Island and steps from the Intracoastal Waterway. Surrounded by multi-million-dollar homes and new builds, this property offers the ideal setting for a custom dream home in one of West Palm Beach's most desirable areas. Why This Property? Premier SoSo location - a high-demand neighborhood, Close to Palm Beach Island - enjoy world-class shopping, dining, and beaches

Details

Property type

Single Family Residence

Est. home value

$1,192,550

Lot size

7,250 sq ft

Price per sq ft

$609

Year built

1957

Annual property taxes

$12,986

Price History

03/15/2025
Beaches

Beaches #R11071870

Listed
$1,150,000
-2.13%
03/01/2025
Beaches

Beaches #R11048490

Removed
$1,175,000
02/19/2025
Beaches

Beaches #R11048490

Price change
$1,175,000
-4.08%

Schools & Community

Neighborhood: 

South Side

Elementary school: 

South Olive

Middle school: 

Conniston Community

High school: 

Forest Hill

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Magnus Financial Corp

Loan start date

September 2006

Original loan amount

$333,200

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

Negative Amortization, 30 year

Seller

Kevin Walters

Lender

First Magnus Financial Corp

Loan start date

September 2006

Original loan amount

$95,200

Est. remaining balance

Not provided

Interest rate

6.8%

Loan type

Credit Line (Revolving)

Seller

Kevin Walters

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/28/2025 at 7:40 PM

Listing updated: 03/19/2025 at 6:20 AM

Listed by: John R DePhillipo, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R11071870

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