240 Oleander Avenue, Palm Beach FL 33480

For sale Days on market 209

$5,500,000

$2024/sq ft

$250,000
Price Decreased

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240 Oleander Avenue, Palm Beach FL 33480

For sale Days on market 209

$5,500,000

$2024/sq ft

$250,000
Price Decreased

Overview

Bedroom

Bath

Year Built

1952

Garage

Sqft

2718

Property Type

Single Family Residence

Property Description

Ideally positioned on a 100' x 85' lot in one of Palm Beach's most coveted in-town locations, this meticulously maintained two-story CBS-construction multifamily property offers exceptional versatility and long-term upside. Just steps from the ocean and moments from Palm Beach's premier restaurants, boutiques, and cultural destinations, the setting is truly unparalleled. The sale includes pre-approved plans for an approximately 4,500-square-foot new residence, creating an outstanding opportunity for redevelopment or custom end-user use. The existing structure is configured as three well-appointed apartments, including one two-bedroom/two-bath residence and two one-bedroom/one-bath units, providing immediate income potential. Additional features include a garage topped by a private rooftop deck, four off-street parking spaces, and 100 feet of frontage on Oleander Avenue. Whether preserved as an income-producing asset or transformed into a new luxury estate, this offering combines solid construction, an irreplaceable location, and multiple value-enhancement options making it a rare opportunity on Palm Beach Island.

Property Details

MLS#

R11164744

Garage

Total Floor in Bldg

Address

240 Oleander

City

Palm Beach

State/county

Zip/Postal Code

33480

Area

Jeanette Court

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$62,501

Maint Fee

$--

Tax Year

2025

Dishwasher

Dryer

Refrigerator

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