240 Oleander Avenue, Palm Beach, FL 33480

Palm Beach
Local realty services provided by:Countywide Properties ERA Powered
240 Oleander Avenue,Palm Beach, FL 33480
$5,500,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 2,718 sq. ft.
  • Single family
  • Active
Listed by: jeffrey creegan, zachary james possanza
Office: compass florida llc.305-851-2820
MLS#:R11164744
Source:SEFMLS

Price summary

  • Price:$5,500,000
  • Price per sq. ft.:$1,523.55

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
  • Updated:June 15, 2026 at 05:23 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:5
  • Flooring:Carpet, Ceramic Tile, Hardwood, Wood
  • Dining Description:Living/Dining Room
  • Kitchen Description:Dishwasher, Refrigerator
  • Bedroom Description:Split Bedroom
  • Living area:2,718 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Units
  • Heating:Central, Wall Furnace
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1952
  • Building area:2,718 sq. ft.
  • Lot Features:Sprinklers Automatic
  • Architectural Style:Split Level
  • Construction Materials:Block
  • Exterior Features:Patio
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$5,500,000
  • Price per sq. ft.:$1,523.55
  • Tax amount:$62,501 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Refrigerator
  • Laundry features:Dryer, In Garage
  • Amenities:Closed Circuit Camera

Parking

  • Total parking spaces:1
  • Parking description:Attached, Garage, One Space
  • Garage:Yes
  • Garage spaces:1
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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