Auction Property. Prime 1.03-Acre RM-5 Development Opportunity – Palm Harbor, FL. Positioned in the heart of Palm Harbor, this 1.03-acre parcel zoned RM-5 presents a rare, shovel-ready opportunity for builders and developers seeking a streamlined path to vertical construction. With allowable density of up to 5 dwelling units per acre, the site is ideally suited for up to 5 townhomes, zero lot line residences, or boutique multifamily concepts. The property is fully prepped with key infrastructure already in place, significantly reducing upfront development timelines and costs. Improvements include: 6” sewer lateral capped on-site - 2” water main installed - Underground utilities already run to an electrical pedestal - Shared ownership of ingress/egress via private road access. Tampa Road frontage with room for your signage. Beyond residential development, the RM-5 zoning allows for a range of Type 1 uses, including: Assisted living facility (ALF) - Daycare / childcare facility - Short-term rental configurations - Family residential and flexible housing concepts. Located in Flood Zone X (high and dry), the property eliminates the need for flood insurance and reduces long-term risk—an increasingly critical factor for both developers and end users.This is a true shovel-ready site—pair it with a thoughtful set of plans and move directly into permitting and construction. With infrastructure in place, flexible zoning, and strong market demand in the Palm Harbor submarket, this property is perfectly positioned for a developer looking to execute efficiently and maximize returns.
Listing courtesy of COLDWELL BANKER REALTY. 727-781-3700
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