Multifamily Development
For Sale
$1,300,000
5133 Pine Grove Drive, West Palm Beach, FL
MULTI_FAMILY - West Palm Beach, FL
Property Size1,536 SF
Lot Size1.47 Acres
Price / SF$846.35
Days on Market133
Property Features for 5133 Pine Grove Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Parking
2
Parking features
Boat
Directions
Haverhill Rd 1/2 mile North of Belvedere Rd or 1/2 mile south of Okeechobee Rd turn west.
Subdivision
5500
Standard status
Active
APN
00424326000001130
Size
1,536 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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)
Tax Annual Amount
3507
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)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Building materials
CBS
Roof type
Mixed
Listing Agency:
RE/MAX of Stuart · RE/MAX International
(772) 288-1111
Listed By:
Taylor Stanfield · License #3632635
(772) 200-7586
Added: Mar 25
Changed: Aug 2
Last Checked: Aug 4 at 2:06PM
MLS# B26007262
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily development site spans 1.47 acres and is zoned RH, with future land use described as supportive of multi-family development. The property is also located within an Opportunity Zone. The site is stated to currently allow approximately 5 units per acre with a 35' height limit.
Utilities include public water and public sewer. The existing improvements include CBS construction, central heating, and central air, with a mixed roof and parking features that include boat parking. The information provided also references the possibility that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., which could affect allowable density.
Overall, the property is positioned for multifamily development planning within the existing density and height parameters while considering the adjacent-parcel scenario referenced in the remarks.
Utilities include public water and public sewer. The existing improvements include CBS construction, central heating, and central air, with a mixed roof and parking features that include boat parking. The information provided also references the possibility that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., which could affect allowable density.
Overall, the property is positioned for multifamily development planning within the existing density and height parameters while considering the adjacent-parcel scenario referenced in the remarks.
Key Highlights
- 1.47‑acre multifamily development site zoned RH
- Opportunity Zone location for potential tax incentive and permitting efficiencies
- Currently allows approximately 5 units per acre with a 35' height limit
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Market
Properties on Market for Multifamily properties in Palm Beach County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential high-density zoned multifamily development site with public water and public sewer.
Where is this multifamily property located?
The property is located at 5133 Pine Grove Drive West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1.47‑acre multifamily development site zoned RH; Opportunity Zone location for potential tax incentive and permitting efficiencies; Currently allows approximately 5 units per acre with a 35' height limit
