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

$1,500,000

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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!

5133 Pine Grove Drive N | MLS# B26007254

This single family home located at 5133 Pine Grove Drive N, West Palm Beach, FL 33417 is currently listed for sale with an asking price of $1,500,000. This property was built in 1962 and with 1536 sq. ft. Search West Palm Beach real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2
Heating: Central
Lot Size: 1.47 Acres
Roof Type: Mixed
Stories: 1.0
Taxes: $3,506
Year Built: 1962
Square Feet: 1,536

Amenities

Built-in Features
Pantry
Walk-In Closet(s)
Bedroom Layout - Stacked

Feature Descriptions

Accessibility: Accessible Kitchen
Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
Days on Site: 1
Exterior: Stucco, CBS
Flooring: Ceramic Tile
Furnished: Unfurnished
Laundry: Laundry Closet, Inside, Washer Hookup
Lot: Fruit Tree(s), Room for Pool
Lot: Fruit Tree(s), Room for Pool
Parcel#: 00424326000001130
Parking: Garage Door Opener, Open, RV Access/Parking, Garage, Detached Garage, Boat Access/Parking
Parking Notes: Garage Door Opener, Open, RV Access/Parking, Garage, D
Patio/Porch: Patio - Covered, Patio - Screened, Patio
Pets Allowed: Yes, No Restrictions
Restrictions: No Restrictions
Security: Smoke Detector(s)
Sewer: Public Sewer
SQFT Living: 800
Structure Type: House
Total Rooms: 3
Utilities: Cable Available, Sewer Available
Utilities: Cable Available, Sewer Available
Water: Public
Waterfront Features: None

Local Schools

High School: Palm Beach Lakes
Middle School: Bear Lakes
Elementary School: Hope-Centennial

Listed By / Shown By

Listed By

Agency Name: Illustrated Properties/Sewalls
Agency Phone: 772-221-1118

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

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Estimate Your Payment

Estimated Payment

$ 7,962.89 per month $7,233.23 Principal & Interest $292.17 Property Tax $437.50 Homeowner's Insurance

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