Home/Search/5133 Pine Grove Drive, West Palm Beach FL 33417
5133 Pine Grove Drive, West Palm Beach FL 334171 / 27
For Sale
Multi Family

$1,100,000

5133 Pine Grove Drive, West Palm Beach FL 33417

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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 Details

MLS #:B26007262
Price:$1,100,000
Original Price:$1,500,000
Status:For Sale
Days on Market:179
Date Listed:Mar 25, 2026
Total Bathrooms:0
Building Area:1536 sqft
Lot Size:64190 sqft
Lot Acres:1.47 acres
Year Built:1962
Property Type:Commercial Sale
Property Sub Type:Multi Family

Heating:Central
Cooling:Central Air
Security Features:No Fire Protection, No Security
Stories:1
Virtual Tour:Available

Construction Materials:CBS Construction
Structure Type:Multi Family
Roof:Mixed, Various Material(S) Roof
Lot Features:1 To Less Than 2 Acre Lot
Lot Size:64190 sqft
Sewer:Public Sewer, Public Sanitation, Sewer
Water Source:Public
Utilities:Electricity Connected, Water Connected, Electricity Available, Water Available
Electric:Other Electric

Parking Features:Rv/Boat Parking
Total Parking:2

Zoning:RH

Annual Tax Amount:$3,506
Tax Year:2025
Listing Terms:All Cash, Conventional
Special Conditions:Sale
Parcel Number:00424326000001130
Legal Description:26-43-42~ W 200 FT OF S 1/2 OF SE 1/4 OF SE 1/4 OF NE 1/4 (LESS S 10.23 FT LWDD L-2 CNL R/W)

Mortgage Calculator

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$1,100,000
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Estimated Monthly Payment

$6,771/mo

Principal & Interest$5,562
Property Tax$292
Insurance$917
Loan Amount$880,000
REsource

REsource

Real Estate Source Company

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Listing courtesy of RE/MAX of Stuart. Data last updated September 20, 2026 at 02:27 PM.