240 Oleander Avenue, Palm Beach, FL 33480

Palm Beach
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
240 Oleander Avenue,Palm Beach, FL 33480
$5,500,000
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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:$5,500,000
  • 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
  • Added:131 day(s) ago
  • Updated:June 30, 2026 at 03:18 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Ceramic Tile, Wood
  • Kitchen Description:Dishwasher, Refrigerator
  • 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.
  • Architectural Style:Traditional
  • Construction Materials:Block
  • Exterior Features:Deck, Patio

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

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:1
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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