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 1781121132
- MLS#
- R11164744
- Bedrooms
- 4
- Bathrooms
- 4
- Sq. Ft
- 2,718
- Lot Dimensions
- 100.0 ft x 85.0 ft
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- Jeanette Court
- Region
- 4110
- Year Built
- 1952
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.
/u.realgeeks.media/paradiserealtyfla/A_Veteran-Owned_Company.png)
Additional Information
- Heating
- Central, Wall Furnace
- Cooling
- Central Air, Wall/Window Unit(s)
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Exterior Features
- Balcony, Outdoor Living Area
- Flooring
- Carpet, Ceramic Tile, Wood
- Construction
- Block
- Living Area
- 2,718
- Pets Allowed
- Yes
Listing courtesy of Compass Florida LLC. Contact: