240 Oleander Avenue, Palm Beach, FL 33480
- $5,500,000
- 4
- BD
- 4
- BA
- 2,718
- SqFt
- List Price
- $5,500,000
- Days on Market
- 207
- Price Change
- ▼ $250,000 1781121788
- MLS#
- R11164744
- Year Built
- 1952
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,718
- Lot Size
- 8,506
- Acres
- 0.20
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.
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Additional Information
- Taxes
- $62,501
- Community Features
- Jeanette Court
- Property Description
- House
- Zoning
- R-C
- Interior Features
- Split Bedroom, Utility/Laundry In Garage, Utility Room, Utility Room/Laundry
- Appliances
- Dishwasher, Dryer, Refrigerator
- Utilities
- Sewer Connected, Water Connected, Sewer Available, Water Available
- Heating
- Central, Window/Wall
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Concrete Block Construction, CBS Construction
- Roof
- Comp Shingle Roof, Composition Roll, Shingle
- Garage Spaces
- 1
Listing Courtesy Of Compass Florida LLC, Contact: