240 Oleander Avenue, Palm Beach, FL 33480
- $5,500,000
- 4
- BD
- 4
- BA
- 2,718
- SqFt
- List Price
- $5,500,000
- Status
- ACTIVE
- Days on Market
- 164
- Price Change
- ▼ $250,000 1781121132
- MLS#
- R11164744
- Subtype
- Residential
- Style
- Traditional
- Year Built
- 1952
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,718
- Acres
- 0.20
- Subdivision
- Jeanette Court
- MLS Area Major
- 4110
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.
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Additional Information
- Amenities
- None
- Interior Features
- Living/Dining Room, None, Split Bedrooms
- Exterior Features
- Balcony, Outdoor Living Area
- Taxes
- $62,501
- Property Description
- Traditional
- Flooring
- Carpet, Ceramic Tile, Wood
- Appliances
- Dryer, Dishwasher, Refrigerator
- Heating
- Central, Wall Furnace
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block
- Stories
- 2
- Levels
- Multi/Split, Two
- Roof
- Composition, Shingle
- Parking Features
- Attached, Garage
- Garage Spaces
- 1
Listing courtesy of Compass Florida LLC. Contact:
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All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Jeffrey Creegan | Email: creeganrealty@gmail.com