bernardpoirier

240 Oleander Avenue, Palm Beach FL 33480

Active

Listing #R11164744

$5750000
4 Bedrooms
4 full Bathrooms
8506 Square Feet
Residential Type

About This Property

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.

Property Features

Location Information

County

Palm Beach County

Section

Area

3610

Subdivision

JEANETTE COURT

Interior Features

Interior

Split Bedroom, Utility/Laundry In Garage, Utility Room, Utility Room/Laundry

Cooling

Central Air, Wall/Window Unit(s)

Bedrooms

4

Floors

Carpet, Ceramic Floor, Wood

Full Baths

4

Appliances

Dishwasher, Dryer, Refrigerator

Heating

Central, Window/Wall

Exterior Features

Style

Split Level

Garage Spaces

1

Construction/Exterior

Concrete Block Construction, CBS Construction

Patio / Deck Description

Patio

Exterior

Has a Pool

Possession

Funding, Long Closing Preferred, Negotiable

Lot Size in Acres

0.2

Water

Sewer

At Site, Public Sewer, Other, Public Sanitation, Sewer

Lot Size in Sq. Ft.

8506

Has Waterfront

No

Parking Description

1 Space, 2 Or More Spaces, Parking Garage

View

Has Garage

Yes

Additional Information

Roof/Attic

Comp Shingle Roof, Composition Roll, Shingle

Senior Community

No

Other Utilities

Sewer Connected, Water Connected, Sewer Available, Water Available

Property Type

Residential

Pets

Yes

Property SubType 2

Single Family Residence

Tax Year

2025

Year Built

1952

Tax Amount

$62501

APN

NA

Square Feet Source

NA

Map

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