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$1,100,000
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Property Description
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!
Full Property Details
Full Property Details for 5133 Pine Grove Dr
General
- Price: $1,100,000
- Taxes: $3,506 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: Regional
- MLS ID: B26007262
- Updated: 10/7/2026
- Added to Site: 198 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Total Spaces: 2
- Parking Features: Boat
Location
- County: Palm Beach
- Driving Directions: Haverhill Rd 1/2 mile North of Belvedere Rd or 1/2 mile south of Okeechobee Rd turn west.
Community
- Community Name: 5500
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Water Available
Structural Information
- Construction: CBSConcreteBlockStructure, Block
- Roof: Mixed
- Stories/Levels: 1
- Building Size: 1536
- Year Built: 1962
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 1.47
- Lot Features: 1-2 Acres
- Zoning: RH
Financial Considerations
- Assessment Amount: $179,393
- Tax Amount: $3,506.94
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Other
- 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)
- Property ID: 424326000001130
Listed by RE/MAX of Stuart
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Schools
Schools serving 5133 Pine Grove Dr
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Hope-Centennial Elementary School 5298 Stacy Street, West Palm Beach, FL 33417 | PK-5 | 0.2 mi |
Bear Lakes Middle School 3505 Shenandoah Road, West Palm Beach, FL 33409 | 6-8 | 2.5 mi |
Palm Beach Lakes High School 3505 Shiloh Drive, West Palm Beach, FL 33407 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5133 Pine Grove Dr
Date
Details
Price
Change
Source
9/20/2026
Price Reduced
$1,100,000
-15.38%
MLS
8/02/2026
Price Reduced
$1,300,000
-7.14%
MLS
6/22/2026
Price Reduced
$1,400,000
-6.67%
MLS
3/26/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5133 Pine Grove Dr
5133 Pine Grove Drive, West Palm Beach, FL (MLS# B26007262) is a Commercial Multi-Family property. 5133 Pine Grove Drive is currently listed for $1,100,000 and was received on March 26, 2026. Want to learn more about 5133 Pine Grove Drive? Do you have questions about finding other Commercial Multi-Family real estate for sale in West Palm Beach? You can browse all West Palm Beach real estate or contact a Coldwell Banker agent to request more information.

