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Homes for sale in West Palm Beach
Multi Family

5133 Pine Grove Drive

West Palm Beach, FL 33417
$1,100,000
Year built
1962

Listing courtesy of Taylor Stanfield, RE/MAX of Stuart

About this home

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!

Details

Property

Type
Multi Family
Year built
1962
Stories
1
Lot size
64,190 sq ft
County
Palm Beach County

Interior

Cooling
Central Air
Heating
Central

Exterior and parking

Parking
Rv/Boat Parking
Construction
CBS Construction
Roof
Mixed, Various Material(S) Roof

Community and fees

Security
No Fire Protection, No Security
Annual taxes
$3,506
Terms
All Cash, Conventional

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 20, 2026.