240 Oleander Avenue, Palm Beach, FL 33480 (MLS# R11164744)

240 Oleander Avenue, Palm Beach, FL 33480

$5,500,000

Previously approved renderings to build.

Virtual Tour

https://www.propertypanorama.com/240-Oleander-Avenue-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,610 Status: Active

Current Price: $5,500,000 List Date: 2/18/2026 Last Modified: 6/10/2026

Overview

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

Supplements: 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.

Listing Details MLS# R11164744

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Building Area Main: 3610
Building Area Source: Public Records
Living Area Main: 2718
Year Built: 1952
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Gated Community YN: No
Lot Size Area: 8506
Lot Size Acres: 0.2
Lot Size Dimensions: 100.0 ft x 85.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: North
Pool Private YN: No
Furnished: Unfurnished

Property Features

Dining Area: Dining/Living Room Electric: Three Phase Flooring: Carpet; Ceramic Tile; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Refrigerator Architectural Style: Traditional Construction Materials: Block; CBS Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Window/Wall Interior Features: Bedroom Layout - Split Laundry Features: In Garage Levels: Multi/Split Listing Terms: Cash Pets Allowed YN: Yes Possession: Negotiable Restrictions: Other Restrictions Roof: Composition; Shingle Security Features: Closed Circuit Camera(s) Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Storm Protection Details: None Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Deck; Patio Patio Details: Patio - Open Room Types: Kitchen; Laundry; Living Room; Master Bedroom; Utility Room Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 5750000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 240
Street Name: Oleander
Street Suffix: Avenue
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: JEANETTE COURT
Area: 4110
Geographic Area: PB11
Special Assessment YN: No
Parcel Number: 50434315060000110
Zoning: R-C
Directions: From Royal Poinciana Way, head North on N County Rd, then turn left onto Oleander Ave, property will be on the left.

Financial Information

Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 62501.1
Tax Year: 2025
Tax Legal Description: JEANETTE COURT ADD LTS 11 & 12

Status Change Information

Major Change Timestamp: 2026-06-10T14:41:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-10T14:41:39Z
Status Change Date: 2026-02-18

More Information

Parking Information

Open Parking Spaces: 4

Short Sale Details

Short Sale Addendum: No

Capital Contributions

Capital Contributions YN: No

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 2

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes
Utility Room: Yes

Price Calculations

Current Price To SqFt: 2115.52

Originating Details

Originating System Key: 20260218182223025980000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Dining Area

Dining/Living Room: Yes

Electric

Three Phase: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Wood: Yes

Parking Features

Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes
Window/Wall: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
CBS: Yes

Interior Features

Bedroom Layout - Split: Yes

Laundry Features

In Garage: Yes

Levels

Multi/Split: Yes

Listing Terms

Cash: Yes

Roof

Composition: Yes
Shingle: Yes

Security Features

Closed Circuit Camera(s): Yes

Architectural Style

Traditional: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

None: Yes

Pets Allowed YN

Yes: Yes

Restrictions

Other Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes
Deck: Yes
Patio: Yes

Patio Details

Patio - Open: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Room Information

Living Room Length: 0.00 Length: 0.00 Width: 0.00 Width: 0.00 Level: Main Kitchen Length: 0.00 Length: 0.00 Width: 0.00 Width: 0.00 Level: Main Master Bedroom Length: 9.00 Length: 9.00 Width: 0.00 Width: 0.00 Level: Main Laundry Utility Room

Documents

Survey ›

Listing Office: Compass Florida LLC

Last Updated: June - 10 - 2026

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