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Property Description
This 5.69 acre Palm River townhome development site consists of 5 parcels and stretches street to street (51st to 52nd) for over 700 ft along Palm River Road. The site is almost completely cleared and shadows several newer high-end homes that have recently been constructed along the Palm River's edge. With a prior PD site plan approved, the purchaser will enjoy considerable time savings to either develop according to the existing plan or modify to fit their own design specifications, as well as a huge development savings as Hillsborough County continues waste water service expansion through Phase 3 of the Palm River S2S Project scheduled for Fall of 2026. Sitting just minutes from Downtown Tampa, Ybor City, and Brandon markets via the Selmon Expressway, this site offers an outstanding opportunity to build and provide much needed workforce housing for growing Tampa Bay MSA needs. Disclaimer: All references to potential development are based upon Future Land Use in the municipal development code. Brokers make no representations as to allowable use or development limits. Purchaser should consult professionals and the local municipality to determine property suitability. Located in Tampa near S. 50th Street and just south of the Selmon Expressway.
Full Property Details
Full Property Details for 5116 Palm River Rd
General
- Price: $1,799,900
- Taxes: $1,910 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8465241
- Updated: 1/20/2026
- Added to Site: 6 day(s) ago
Location
- Area: 33619 - Tampa / Palm River / Progress Village
- County: Hillsborough
- Development Name: 33619 - Tampa / Palm River / Progress Village
- Subdivision: UNPLATTED
- Driving Directions: Veterans Express (589-TOLL S), continue on Memorial Hwy / SR-60 E, take Exit 1B toward SR-616/Spruce St/Raymond James Stadium onto W Spruce St, go 5.2 miles, turn right onto N Boulevard, go 0.3 miles, take the 2nd exit from roundabout onto W Palm Ave, go 0.3 miles, take the 2nd exit from roundabout onto W Palm Avenue, go 0.7 miles, turn right onto N Nebraska Ave (SR-45), go 0.8 miles, take left ramp onto SR-618-TOLL E (Selmon Expy) toward Selmon Expressway Toll East/Brandon, go 3.0 miles, take Exit 11 onto US-41 S (S 50th St), go 0.7 miles, turn left onto Palm River Rd, go 0.2 miles to property.
Community
- Community Name: 33619 - Tampa / Palm River / Progress Village
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 5.69
- Lot Size (Sq. Ft.): 247,856
- Lot Size: 5.69
- Lot Dimensions: 124 x 270.4
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $316,327
- Tax Amount: $1,910.27
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Special Conditions: None
- Legal Description: LOT BEG 310 FT W AND 25 FT N OF SE COR OF NE 1/4 OF NW 1/4 OF SW 1/4 AND RUN N 295 FT E 100 FT S 185 FT AND RUN E 40 FT S 110 FT AND W TO BEG LESS PART FOR PALM RIVER RD R/W TOGETHER WITH COMM AT SW COR OF S 1/2 OF NE 1/4 OF NW 1/4 OF SW 1/4 OF SEC 2 2 RUN THN N 25 FT THN E 340 FT FOR POB THN N 150 FT THN E 10 FT THN S 150 FT THN W 10 FT TO POB
- Flood Zone Info: AE
- APN: U222919ZZZ00000149740.0
- Property ID: U222919ZZZ00000149740.0
- Block/Lot/Section: 1
Listed by Bay Street Commercial Llc
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Schools
Schools serving 5116 Palm River Rd
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Palm River Elementary School 805 Maydell Drive, Tampa, FL 33619 | PK-5 | 0.8 mi |
Giunta Middle School 4202 South Falkenburg Road, Riverview, FL 33578 | 6-8 | 3.3 mi |
Blake High School 1701 North Boulevard, Tampa, FL 33607 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5116 Palm River Rd
Date
Details
Price
Change
Source
1/15/2026
Listed
$1,799,900
10677.84%
MLS
8/20/2015
Sold
$16,700
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5116 Palm River Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,161
13%
$154,236
—
2024
$1,910
5%
$154,236
—
2023
$1,817
34%
$154,236
67%
2021
$1,359
-14%
$92,542
-25%
2022
$1,574
16%
$123,389
100%
2021
$1,359
21%
$61,694
—
2019
$1,124
-2%
$61,694
—
2018
$1,143
7%
$61,694
8%
2017
$1,070
25%
$57,067
28%
2016
$854
148%
$44,728
188%
2015
$344
24%
$15,550
10%
2014
$277
-45%
$14,136
—
2013
$505
—
$14,136
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5116 Palm River Rd
5116 Palm River Road, Tampa, FL 33619 (MLS# TB8465241) is a Lots/Land property with a lot size of 5.69 acres. 5116 Palm River Road is currently listed for $1,799,900 and was received on January 15, 2026. Want to learn more about 5116 Palm River Road? Do you have questions about finding other Lots/Land real estate for sale in Tampa? You can browse all Tampa real estate or contact a Coldwell Banker agent to request more information.

