Residential High-Density Development
For Sale
$1,500,000
5133 Pine Grove Drive, West Palm Beach, FL 33417
Zoned Residential High Density for multi-family use with a 35-foot height limit and Opportunity Zone designation.
Property Size1,536 SF
Price / SF$976.56
Days on Market146
Property Features for 5133 Pine Grove Drive
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Commercial Sale / Multi Family
Taxes and HOA fees
Annual Taxes
$3,507
Amenities
Central Air
Central
1.0
1
CBS
Mixed
No
Building Details
Year Built
1962
Listing Agency:
Illustrated Properties/Sewalls
(772) 200-7586
Listed By:
Taylor Stanfield · License #3632635
(772) 200-7586
Source:
Compass
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 9:48AM
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/Sewalls
Investment Insights
Based on property information with market context.
This residential development parcel is offered as a 1.47-acre site zoned Residential High Density, with future land use supporting multi-family development. The site is described as currently allowing approximately 5 units per acre, along with a 35-foot height limit. It is also situated within an Opportunity Zone, which the remarks indicate may provide potential tax incentives and streamlined permitting.
The seller’s remarks also note that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., with the potential to increase allowable density and overall value. The offering is presented as an investor, builder, or developer opportunity within a growth corridor, with upside contemplated through assemblage and access improvements.
For buyers evaluating development feasibility, the key provided constraints are the existing Residential High Density zoning, the 5 units-per-acre allowance, and the 35-foot height limit.
The seller’s remarks also note that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., with the potential to increase allowable density and overall value. The offering is presented as an investor, builder, or developer opportunity within a growth corridor, with upside contemplated through assemblage and access improvements.
For buyers evaluating development feasibility, the key provided constraints are the existing Residential High Density zoning, the 5 units-per-acre allowance, and the 35-foot height limit.
Key Highlights
- 1.47‑acre site zoned Residential High Density for multi‑family development
- Opportunity Zone designation
- Site currently allows approximately 5 units per acre and includes a 35' height limit
Property Analytics
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 - Zoned Residential High Density for multi-family use with a 35-foot height limit and Opportunity Zone designation.
Where is this residential land & home lot located?
The property is located at 5133 Pine Grove Drive 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 site zoned Residential High Density for multi‑family development; Opportunity Zone designation; Site currently allows approximately 5 units per acre and includes a 35' height limit
