Multi-Family Development
For Sale
Contact for pricing
5133 Pine Grove Drive, West Palm Beach, FL 33417
Residential high-density land within an Opportunity Zone, positioned for multi-family development under a stated height and unit limit.
Property Size1,536 SF
Lot Size1.47 Acres
Price / SF$911.46
Days on Market135
Property Features for 5133 Pine Grove Drive
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
2
Lot size
1.47 Acres
Property subtype
Multifamily
Zoning
RH
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Building Details
Year Built
1962
Listing Agency:
RE/MAX of Stuart
(772) 200-7586
Listed By:
Taylor Stanfield · License #3632635
Source:
Crexi
Added: Apr 1
Changed: Aug 8
Last Checked: Jul 16 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Stuart
Investment Insights
Based on property information with market context.
This development site consists of 1.47 acres and is currently zoned Residential High Density. The property’s future land use is described as supportive of multi-family development, with an existing stated allowance of approximately 5 units per acre and a 35' height limit. The listing notes the potential for additional density outcomes through assemblage with nearby parcels.
The site is located within an Opportunity Zone. Public remarks also reference a city indication that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., which would affect allowable development capacity.
For builders, developers, and investors, this land offers an initial multi-family framework under the current density and height parameters, along with an identified path to potentially enhance access and development permissions if an adjacent parcel is acquired. The property’s Opportunity Zone designation may also be relevant for qualifying projects, subject to applicable requirements.
The site is located within an Opportunity Zone. Public remarks also reference a city indication that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., which would affect allowable development capacity.
For builders, developers, and investors, this land offers an initial multi-family framework under the current density and height parameters, along with an identified path to potentially enhance access and development permissions if an adjacent parcel is acquired. The property’s Opportunity Zone designation may also be relevant for qualifying projects, subject to applicable requirements.
Key Highlights
- 1.47‑acre residential high‑density property for multi‑family development
- Zoned Residential High Density with stated allowance of approx. 5 units per acre and a 35' height limit
- Located within an Opportunity Zone
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 33417, FL
34,153
Population
20,450
Households
1.7
Avg Household Size
48
Median Age
26%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
5,175
Density / Sq Mi
$50,077
Median Household Income
$35,036
Median Earnings
$1,533
Median Rent
$159,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential high-density land within an Opportunity Zone, positioned for multi-family development under a stated height and unit limit.
Where is this residential land & home lot 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 $1,400,000.
What are key features of this property?
This property features: 1.47‑acre residential high‑density property for multi‑family development; Zoned Residential High Density with stated allowance of approx. 5 units per acre and a 35' height limit; Located within an Opportunity Zone
