240 Oleander Avenue, Palm Beach, FL 33480

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240 Oleander Avenue,Palm Beach, FL 33480
$5,750,000
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  • 4 Beds
  • 4 Baths
  • 2,718 sq. ft.
  • Single family
  • Active
Listed by: jeffrey creegan, zachary james possanza
Office: compass florida llc.
MLS#:R11164744
Source:RMLS

Price summary

  • Price:$5,750,000
  • Price per sq. ft.:$1,592.8

About this home

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

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Home facts

  • Year built:1952
  • Listing ID #:R11164744
  • Added:2 day(s) ago
  • Updated:February 20, 2026 at 08:52 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,718 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Central, Wall Furnace

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1952
  • Building area:2,718 sq. ft.
  • Lot area:0.2 Acres

Utilities

  • Water:Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$5,750,000
  • Price per sq. ft.:$1,592.8
  • Tax amount:$62,501 (2025)
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