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PinnacleTCRE

5133 Pine Grove Drive, West Palm Beach, FL (MLS# B26007262)

5133 Pine Grove Drive, West Palm Beach, FL

$1,500,000
Property Type: Commercial Sale Square Footage: 1,536 Status: Active
Current Price: $1,500,000 List Date: 3/26/2026 Last Modified: 4/23/2026

Overview

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!

Listing Details MLS# B26007262

General Property Information

Property Sub Type
Multi Family
Building Area Main
1536
Building Area Source
Public Records
Adjusted Area Main
1174
Year Built
1962
Parking Total
2
Lot Size Area
64190
Lot Size Acres
1.47
Accessibility Features YN
No
Stories Total
Yes

Property Features

Documents Available: Other Electric: Other Heating: Central Parking Features: Boat Access/Parking Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Construction Materials: CBS Cooling: Central Air Listing Terms: Cash; Conventional Roof: Mixed Security Features: None Sewer: Public Sewer Utilities: Electricity Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
1500000
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
5133
Street Name
Pine Grove
Street Suffix
Drive
Municipality Type
Incorporated
Municipal Code
00
State Or Province
FL
Postal Code
33417
Postal Code +4
4723
Area
5500
Geographic Area
PB22
Parcel Number
00424326000001130
Zoning
RH
Flood Zone
X
Directions
Haverhill Rd 1/2 mile North of Belvedere Rd or 1/2 mile south of Okeechobee Rd turn west.
Property Description
SINGLE FAMILY RESIDENTIAL
Subdivision Number
0

Financial Information

Tax Annual Amount
3506.94
Tax Year
2025
Tax Assessed/SOH Value
179393
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)
Assessor Market Value
385618

Status Change Information

Major Change Timestamp
2026-03-26T17:54:06Z
Major Change Type
New Listing
Status Change Date
2026-03-26

More Information

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Showing Details

Pet(s) on Premises
No

Price Calculations

Current Price To SqFt
976.56

Originating Details

Originating System Key
20260325183929704025000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Other
Yes

Parking Features

Boat Access/Parking
Yes

Property Condition

Resale
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Other
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Available
Yes
Water Available
Yes

Heating

Central
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Mixed
Yes

Security Features

None
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes

Showing Requirements

Call Listing Agent
Yes
IDX
Listing Office: Illustrated Properties/Sewalls
Last Updated: April - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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