Cays Realty
5133 Pine Grove Drive N, West Palm Beach, FL 33417 — MLS photo

Get More Info About This Property

5133 Pine Grove Drive N, West Palm Beach, FL 33417

Active · SingleFamilyResidence

$1,100,000

5133 Pine Grove Drive N, West Palm Beach, FL 33417

Beds
0
Baths
1
Living area
800 sq ft
$ / sq ft
$1,375/sq ft
Year built
1962
Lot size
64,190 sq ft
HOA fee
—
Annual tax
$3,506

About this property

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!

Property location

Get Directions

5133 Pine Grove Drive N, West Palm Beach, FL 33417

Loading property location…

Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
800 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Stacked Bedrooms, Tub Shower, Walk In Closets, Pantry, Workshop
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1962
Stories
1
Lot size
64,190 sq ft
Roof
Other
Construction
CBSConcrete Block Structure, Block, Stucco
Exterior features
Fruit Trees, Patio, Room For Pool, Storm Security Shutters
Pool
None

Parking

Garage spaces
2
Covered spaces
2
Parking features
Detached, Garage, Open, Rv Access Parking, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Security
Smoke Detectors
Pets allowed
No
Annual tax
$3,506
Subdivision
N/A
County
Palm Beach
Days on market
197
MLS listing ID
B26007254
Listing status
Active

Virtual tour

Explore 3D / Virtual Tour

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,130

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.3%
Gross yield
4.9%
Mortgage payment
$5,215/mo
Down payment
$275,000
Loan amount
$825,000
Annual NOI
$37,016

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.