5133 Pine Grove Drive N, West Palm Beach, FL 33417
$1,100,000
- 1 ba
- 800 sqft
- Built 1962
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 type
- SingleFamilyResidence
- Status
- Active
- Year built
- 1962
- Days on market
- 209
- MLS #
- B26007254
Listing courtesy of RE/MAX of Stuart.