Property 5133 Pine Grove Drive, West Palm Beach, FL for sale with MLS# B26007262
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!
5133 Pine Grove Drive, West Palm Beach, FL
- Price:
- $1,300,000.00
- Original List Price:
- $1,500,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 2, 2026 8:13 pm
- Built-Up Area:
- 1,536 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 1.47
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Year Built:
- 1962
- Roof:
- Mixed
- Construction Materials:
- CBS
- Number of stories:
- 1
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $3,506.94
- Tax Year:
- 2025
- Tax Assessed Value:
- $179,393.00
- Parking Total Spaces:
- 2
- Parking Features:
- Boat Access/parking
- Sewer:
- Public Sewer
- Electric:
- Other
- Utilities Available:
- Electricity Available, Water Available
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Other
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax 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)
- Real Estate Folio Number (Parcel Number):
- 00424326000001130
- Zoning:
- RH
- Active on the market since:
- March 26, 2026
- Listing Agreement executed on:
- March 25, 2026
- Price change occurred on:
- August 2, 2026 8:13 pm
- Listing Status Last Changed On:
- March 26, 2026 5:54 pm
- Photos updated on:
- March 26, 2026 5:54 pm
- Last Modified:
- August 5, 2026 9:14 am
- Courtesy of:
- RE/MAX of Stuart
- Attribution:
- Not provided
- Street Name:
- Pine Grove
- Street Number:
- 5133
- City:
- West Palm Beach
- State:
- Florida
- County:
- Palm Beach
- Latitude:
- N26° 42' 0.4''
- Longitude:
- W81° 52' 43.3''
- Street Suffix:
- Drive
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