240 Oleander Avenue, Palm Beach, FL, 33480
5 rooms
4 beds
4 Full baths
1952
Traditional
2,718 sqft
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.
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Laundry Remarks:
In Garage
Zoning:
R-C
Subdivision:
JEANETTE COURT
Garage:
1-car Attached
Heating:
Central, Window/Wall
Cooling:
Central Air, Wall/Window Unit(s)
Levels:
2
Parking:
Garage, Attached Garage
Lot Size:
100.0 ft x 85.0 ft
Acreage:
0.2
Est. Taxes:
$62,501
Construction
Block, CBS
Utilities
Sewer Available, Water Available
Amenities:
None
Days on Market:
57
Pet Policy:
Yes
Appliances:
Dryer, Dishwasher, Refrigerator
MLS #:
R11164744
Community Info
School Info
Walk Score
Yelp
Copyright ©2026 Beaches Multiple Listing Service, Inc
Listing courtesy of Compass Florida LLC 305-851-2820