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 1781121788
- MLS#
- R11164744
- Subdivision
- Jeanette Court
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 4
- Full baths
- 4
- Living Area
- 2,718
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
- Days on Market
- 163
- Tax Amount
- $62,501
- Parcel Number
- 50434315060000110
- #Garage Spaces
- 1
- Bedroom Description
- None
- Front Exposure
- North
- Lot Size
- 8,506
- Parking Restrictions
- 1 Space, 2 Or More Spaces, Parking Garage
- Pet Restrictions
- Yes
- Pets Allowed
- Yes
- Address
- 240 Oleander Avenue, Palm Beach
- SqFt Liv Area
- 2,718
- Year Built
- 1952
- Design
- Split Level
- Development Name
- Jeanette Court
- Style
- House
- Restrictions
- Other Restrictions
- Construction Type
- Concrete Block Construction, CBS Construction
- Interior Features
- Split Bedroom, Utility/Laundry In Garage, Utility Room, Utility Room/Laundry
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Listing Courtesy of Compass Florida LLC, Contact: