5133 Pine Grove Drive N

West Palm Beach, FL 33417

About this property

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!

About this property

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!

Features and Additional Information

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$1,100,000 Active
0 Bed(s)
1
Bath
800 sqft

Presented By PREMIER PARTNERS

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Brokerage
RE/MAX of Stuart
1-772-288-1111
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Area Information

5500 | Palm Beach County | N/A

$ 1,100,000
This listing is play_arrow 69.3% higher than the average in the area
$ 649,900 in the area
800 SqFt
This listing is play_arrow 61.4% smaller than the average in the area
2,072 SqFt in the area
$ 1,375 $/SqFt
This listing is play_arrow 338.4% more than the average in the area
$ 314 $/SqFt in the area
209 days on site
This listing is play_arrow 178.7% above the average in the area
75 days on site in the area

Schools in the Area

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Listed By Taylor Stanfield
Brokerage: RE/MAX of Stuart

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