$5,750,000
240 Oleander Avenue, Palm Beach, FL 33480
Palm Beach, FL
Jeanette Court
Beds
4 Beds
Baths
4 Baths
Living Area
2,718 Sq Ft
Lot
0.20 acres
Built
1952
Days Listed
75
Price Per Sq Ft
$2,116/sqft
Listed
Feb 18, 2026
Garage
1 spaces
Property Type
Single Family Residence
About This Property
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 Snapshot
Property Type
Residential
Sub Type
Single Family Residence
Stories
2
Total Baths
4
Building Area
3,610 sq ft
Lot Size
8,506 sq ft
Lot Profile
Less Than 1/4 Acre Lot
Condition
Resale
MLS #
R11164744
Waterfront, Boating & Outdoor
Waterfront
None
Patio / Porch
Patio - Open, Deck, Patio
Interior & Construction
Interior Features
Bedroom Layout - Split
Primary Bedroom
None
Rooms
Kitchen, Laundry, Living Room, Master Bedroom, Utility Room
Appliances
Dryer, Dishwasher, Refrigerator
Flooring
Carpet, Ceramic Tile, Wood
Construction
Block, CBS
Heating
Central, Window/Wall
Cooling
Central Air, Wall/Window Unit(s)
Furnished
Unfurnished
Parking, HOA & Rules
Garage Spaces
1
Open Parking
4
Attached Garage
Yes
Parking Features
Garage, Attached Garage
Community / Access
None
Pets Allowed
Yes
Restrictions
Other Restrictions
Taxes, Utilities & MLS
Annual Taxes
$62,501
Tax Year
2025
Parcel Number
50434315060000110
Zoning
R-C
County
Palm Beach
MLS Area
4110
Sewer
Public Sewer
Utilities
Sewer Available, Water Available
Photos
13
Listing courtesy of Compass Florida LLC
Listing Agent: Jeffrey Creegan
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the BeachesMLS. Real estate listings held by brokerage firms other than Levin Investments, Inc are marked with the IDX logo and detailed information about them includes the name of the listing broker. Data provided is deemed reliable but is not guaranteed. All information is subject to change and should be independently verified.