5133 Pine Grove DR, West Palm Beach, FL 33417
5133 Pine Grove DR, West Palm Beach, FL 33417
5133 Pine Grove DR, West Palm Beach, FL 33417
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$1,400,000
Est. payment /mo
1,536 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $911

MLS Listing ID B26007262

HOA Y/N No

Year Built 1962

Annual Tax Amount $3,506

Tax Year 2025

Lot Size 1.470 Acres

Acres 1.47

Property Sub-Type Multi Family

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!

Location

State FL

County Palm Beach

Area 5500

Direction Haverhill Rd 1/2 mile North of Belvedere Rd or 1/2 mile south of Okeechobee Rd turn west.

Interior

Heating Central

Cooling Central Air

Exterior

Utilities Available Electricity Available, Water Available

Roof Type Other

Total Parking Spaces 2

Private Pool Yes

Building

Lot Description 1-2 Acres

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Senior Community No

Tax ID 00424326000001130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by RE/MAX of Stuart
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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5133 Pine Grove DR