Modern Living Group
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$1,400,000ACTIVE

5133 Pine Grove Drive, West Palm Beach, FL

beds0baths1,536sq ft$911/ sq ft
THE RESIDENCE

About this home

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!

THE DETAILS

Property details

List Price$1,400,000
Inside Sq FtN/A
Year Built1962
ConstructionBlock
ZoningRH
Property TypeMultiFamily
MLS #B26007262
StatusActive
Original List Price$1,500,000
Stories1
Lot Size1.47 acres
Days on Market88
Annual Taxes$3,507
CityWest Palm Beach
Zip Code
LOCATION

Where you'll live

Patrick Lafferty
FEATURED AGENT
Patrick Lafferty
WPB Specialist
Founding Agent

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