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Listed price in listed location currency (USD).
$5,750,000

440

MLS® R11164744

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2718 sqft
Garage Yes
Taxes $62,501
Days Active 2
Lot Size 0.2 acres
Approx. Age 1952
Avg. Price Per Sqft $2,115
MLS® Number R11164744

Property Address: 240 Oleander Ave, Palm Beach, FL, 33480-3807

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberR11164744
Laundry LevelIn Garage
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageYes
Approx. Age1952
Basement
DrivewayAttached, Garage
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Rooms

Kitchen:Main FloorNot available
Living Room:Main FloorNot available
Bedroom 1:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 17, 2026List Date
$5,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
240 Oleander Ave, Palm Beach, FL

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