West Palm Beach · FL

5133 Pine Grove Drive N, West Palm Beach, FL 33417

West Palm Beach, FL 33417

Status: ActiveHouse · Single Family Residence800 sqftBuilt in: 1962DOM: 16Garage: 2

Price

$1,500,000

Price per sqft: $1,875/sqft

0

Bedrooms

1

Baths

800

SqFt

Active
Property image

MLS® ID: B26007254

Description

Exceptional development opportunity for investors, builders, or developers. This 1.47-acre property is currently zoned Residential High Density with future land use supporting multi-family development. Situated within an Opportunity Zone, it offers potential tax incentives and streamlined permitting. The site currently allows for approximately 5 units per acre with a 35' height limit, with substantial upside through assemblage. The city has indicated that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., significantly increasing allowable density and overall value. A rare chance to capitalize on a strategically located growth corridor with so much potential!

0

Bedrooms

1

Baths

800

SqFt

House

Type

Listing courtesy of Illustrated Properties/Sewalls. Information is deemed reliable but not guaranteed. © BeachesMLS.

Est. payment

$9,647/mo

Principal & interest
$7,585
Property taxes
$1,500
Home insurance
$562
HOA fees
N/A

Utilities not included

Calculations are estimates only and not a loan commitment. Taxes, insurance, rates and APR may vary. Final approval depends on lender review.

Tip

Save your favorite properties and compare them later. We can focus on the best options for you.

View favorites