Home in 240 Oleander Avenue, Palm Beach, FL 33480 for sale with MLS# R11164744
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.
240 Oleander Avenue, Palm Beach, FL 33480
- Price:
- $5,750,000.00
- Original List Price:
- $5,750,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $2,115.52
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Single Family House
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- February 18, 2026 6:49 pm
- Bedrooms:
- 4
- Bathrooms Total:
- 4
- Full Bath:
- 4
- Room Type:
- Laundry, Utility Room, Kitchen, Living Room, Master Bedroom
- Rooms Total:
- 5
- Dining Area:
- Dining/Living Room
- Living Area:
- 2,718 Sqft
- Built-Up Area:
- 3,610 Sqft
- Lot Area:
- 8,712 Sqft
- Lot Size Dimensions and Info:
- 100.0 ft x 85.0 ft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.2
- Waterfront:
- No
- Security:
- Closed Circuit Camera(s)
- Furnished:
- Unfurnished
- Appliances:
- Dryer, Dishwasher, Refrigerator
- Interior:
- Bedroom Layout - Split
- Exterior:
- Balcony
- Patio and Porch:
- Patio, Deck, Patio - Open
- Laundry:
- In Garage
- Air Conditioning
- Air Conditioning System:
- Central Air, Wall/window Unit(s)
- Heating
- Heating System:
- Central, Window/wall
- Property Entrance Faces:
- North
- Sprinkler Description:
- Auto Sprinkler
- Year Built:
- 1952
- Roof:
- Shingle, Composition
- Architectural Style:
- Traditional
- Levels:
- Multi/Split
- Construction Materials:
- Block, CBS
- Flooring:
- Carpet, Wood, Ceramic Tile
- Number of stories:
- 2
- Stories:
- 2
- Property Condition:
- Resale
- Tax Annual Amount:
- $62,501.1
- Tax Year:
- 2025
- Property Tax Details:
- City/County
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Attached Garage
- Parking Features:
- Garage, Attached Garage
- Sewer:
- Public Sewer
- Electric:
- Three Phase
- Utilities Available:
- Sewer Available, Water Available
- Pets Allowed?
- Subdivision Name:
- JEANETTE COURT
- Senior Community:
- No
- Restrictions:
- Other Restrictions
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- JEANETTE COURT ADD LTS 11 & 12
- Real Estate Folio Number (Parcel Number):
- 50434315060000110
- Zoning:
- R-C
- Active on the market since:
- February 18, 2026
- Listing Agreement executed on:
- February 15, 2026
- Listing Status Last Changed On:
- February 18, 2026 6:49 pm
- Photos updated on:
- April 16, 2026 10:50 pm
- Last Modified:
- May 31, 2026 12:02 pm
- Courtesy of:
- Compass Florida LLC
- Attribution:
- Not provided
- Street Name:
- Oleander
- Street Number:
- 240
- City:
- Palm Beach
- State:
- Florida
- Zip Code:
- 33480
- County:
- Palm Beach
- Latitude:
- N26° 43' 16.7''
- Longitude:
- W81° 57' 37.2''
- Street Suffix:
- Avenue
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
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