240 Oleander Avenue, Palm Beach, FL 33480
- $5,500,000
- 4
- BD
- 4
- BA
- 2,718
- SqFt
- List Price
- $5,500,000
- Price Change
- ▼ $250,000 1781121132
- Days on Market
- 162
- MLS#
- R11164744
- Bedrooms
- 4
- Full Bathrooms
- 4
- Sq. Ft
- 2,718
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- Jeanette Court
- Year Built
- 1952
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.
Additional Information
- Garage Spaces
- 1
- Pets Allowed
- Yes
- Construction
- Block
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Carpet, Ceramic Tile, Wood
- Furnished
- Unfurnished
- Heating
- Central, Wall Furnace
- Restrict
- OtherRestrictions
- Roof
- Composition, Shingle
- Security
- Closed Circuit Camera(s)
- Taxes
- $62,501
- Utilities
- Sewer Available, Water Available
- Amenities
- None
- Waterfront
- None
- Stories
- 2
- Acres
- 0.20
- Price Per Sqft
- $2,023
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Listing courtesy of Compass Florida LLC. Contact:
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