240 Oleander Avenue, Palm Beach, FL 33480
Local realty services provided by:CENTURY 21 Move With Us
Listed by: jeffrey creegan, zachary james possanza
Office: compass florida llc.
MLS#:R11164744
Source:FL_RAMC
Price summary
- Price:$5,200,000
- Price per sq. ft.:$1,440.44
About this home
The best opportunity to build your dream home in Palm Beach is here. 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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Home facts
- Year built:1952
- Subdivision & Development:JEANETTE COURT
- Listing ID #:R11164744
- Added:59 day(s) ago
- Updated:October 30, 2026 at 05:11 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:5
- Flooring:Carpet, Ceramic Tile, Wood
- Dining Description:Living/Dining Room
- Kitchen Description:Dishwasher, Refrigerator
- Bedroom Description:Split Bedroom
- Living area:2,718 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Wall Furnace
- Central air:Yes
Structure and exterior
- Roof:Composite Shingle, Shingle
- Year built:1952
- Building area:2,718 sq. ft.
- Lot Features:Sprinklers Automatic
- Architectural Style:Traditional
- Construction Materials:Block, Concrete
- Exterior Features:Deck
- Levels:2 Stories
Utilities
- Water:Water Available
Finances and disclosures
- Price:$5,200,000
- Price per sq. ft.:$1,440.44
- Tax amount:$62,501 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Refrigerator
- Laundry features:Dryer
- Amenities:Closed Circuit Camera(s)
Parking
- Total parking spaces:1
- Parking description:Attached, Garage
- Garage:Yes
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