5133 Pine Grove Drive N, West Palm Beach, FL 33417
- $1,300,000
- 1
- BA
- 800
- SqFt
- List Price
- $1,300,000
- Price Change
- ▼ $100,000 1785722856
- MLS#
- B26007254
- Bathrooms
- 1
- Sq. Ft
- 800
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- N/A
- Region
- 5500
- Year Built
- 1962
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!
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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Roof
- Mixed
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Outdoor Living Area, Room For Pool
- Parking Spaces
- 2
- Flooring
- Ceramic Tile
- Construction
- Block, Stucco
- Living Area
- 800
- Elementary School
- Hope-Centennial
- Middle School
- Bear Lakes
- High School
- Palm Beach Lakes
- Pets Allowed
- No Pet Restrictions, Yes
Listing courtesy of RE/MAX of Stuart. Contact: