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

$1,100,000
: 1
BA
: 800
SqFt

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List Price: $1,100,000
Price Change: ▼ $200,000 1789933019
MLS#: B26007254
Subdivision: N/a
Status: ACTIVE
Type: Single Family Residential
Full baths: 1
Living Area: 800

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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

Days on Market: 195
Tax Amount: $3,506
Parcel Number: 00424326000001130
#Garage Spaces: 2
Front Exposure: North
Lot Size: 64,190
Exterior Features: Fruit Trees, Room For Pool
Parking Restrictions: 2 Or More Spaces, Detached, Open, Parking Garage, Rv/Boat Parking
Pet Restrictions: Yes
Pets Allowed: Yes
Address: 5133 Pine Grove N Drive, West Palm Beach
Elementary School: Hope-Centennial
SqFt Liv Area: 800
Year Built: 1962
Development Name: N/A
Style: House
Middle School: Bear Lakes
Senior High School: Palm Beach Lakes
Restrictions: No Restrictions
Construction Type: CBS Construction, Stucco
Interior Features: Built-in Features, Pantry, Stacked Bedroom, Walk-In Closet(s), Family Room, Utility Room/Laundry, Workshop