Development Opportunity in West
For Sale
$1,500,000
5133 Pine Grv Dr, West Palm Beach, FL 33417
1.47-acre residential land zoned for high-density multi-family development.
Property Size1,536 SF
Lot Size1.47 Acres
Days on Market140
Property Features for 5133 Pine Grv Dr
General Information
Standard status
Active
Size
1,536 SF
Lot size
1.47 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,506
Building Details
Building Size
1,536 SF
Year Built
1962
Listing Agency:
Illustrated Properties LLC / S
(772) 528-6229
Listed By:
Jean Sicoli · License #3505794
(772) 528-6229
Source:
Elliman
Added: Mar 31
Changed: Aug 8
Last Checked: Jul 15 at 11:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Illustrated Properties LLC / S
Investment Insights
Based on property information with market context.
This 1.47-acre property presents a development opportunity for investors, builders, or developers. Zoned for Residential High Density, its future land use supports multi-family development. Located within an Opportunity Zone, the site offers potential tax incentives and streamlined permitting. The current zoning allows for approximately 5 units per acre with a 35-foot height limit. The city has indicated that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., potentially increasing allowable density and overall value.
Key Highlights
- 1.47‑acre property zoned Residential High Density, ideal for multi‑family development.
- Located within an Opportunity Zone, offering potential tax incentives.
- Substantial upside potential through assemblage with adjacent parcel.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 33417, FL
34,153
Population
20,450
Households
1.7
Avg Household Size
48
Median Age
26%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
5,175
Density / Sq Mi
$50,077
Median Household Income
$35,036
Median Earnings
$1,533
Median Rent
$159,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.47-acre residential land zoned for high-density multi-family development.
Where is this residential land & home lot located?
The property is located at 5133 Pine Grv Dr West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.47‑acre property zoned Residential High Density, ideal for multi‑family development.; Located within an Opportunity Zone, offering potential tax incentives.; Substantial upside potential through assemblage with adjacent parcel.
