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About This Home
This 0-bedroom, 0-bathroom residential multi family at 5133 Pine Grove Drive in West Palm Beach, FL is listed for $1,500,000 ($977 per sqft). Built in 1962, the home offers 1,536 sqft of living space on a 1.47 acres lot.
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!
Key Features
- Built in 1962
- 1.47 acre lot
- 2 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5133 Pine Grove Drive
West Palm Beach, FL
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 5133 Pine Grove Drive is listed at $1,500,000 ($977/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.
Key features include: Built in 1962, 1.47 acre lot, 2 parking spaces.
This property is listed by Taylor Stanfield and can be reached at 7722007586 or harward.taylor@yahoo.com.
