Live Listing

5133 Pine Grove Drive N

West Palm Beach, FL 33417 N/A

List Price $1,300,000
PROPERTY DESCRIPTION

Property 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!

PROPERTY DETAILS

Property Details

Listing Information

MLS ID
B26007254
Listing Status
Active
Property Type
Single Family Residence
Bedrooms
0
Bathrooms
1
Living Area
800 sq ft
Lot Size
64,190 sq ft
Year Built
1962
Community
N/A
County
Palm Beach

Property Features

Interior Features
Built-in Features, Pantry, Walk-In Closet(s), Bedroom Layout - Stacked
Appliances
Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
Cooling
Central Air
Heating
Central
Parking
Garage Door Opener, Open, RV Access/Parking, Garage, Detached Garage, Boat Access/Parking
Waterfront
True
Waterfront Features
None
Lot Features
Fruit Tree(s), Room for Pool
Property Tax
$3,506.94 (2025)
Evelyn Yang South Florida Real Estate
Evelyn Yang 561.972.3158
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