240 Oleander Avenue,Palm Beach, FL 33480
Palm Beach, FL 33480
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 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.
Details
| MLS # | R11164744 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 199 |
| Listing Provided By | Compass Florida LLC | Jeffrey Creegan |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,718 |
| Garage | 1 |
| Story(s) | 2 |
| Zoning | R-C |
| Acreage | 0.20 |
Exterior
| Lot Features | Sprinklers Automatic, Less Than Quarter Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Garage, One Space, Two Or More Spaces |
Taxes
| Tax Annual Amount | 62501 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Palm Beach |
| Zip Code | 33480 |
| Area | 11 |
| Subarea | Palm Beach 4110; 4120 |
| Community Name | JEANETTE COURT |
| Listing VS Median (in JEANETTE COURT) | |
Price: $5,500,000 low | high Med: $5,500,000 sqft: 2,718 low | high Med: 2,718 $ / sqft: $2,024 low | high Med: $2,024 On site: 199 low | high Med: 199 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Palm Beach |
| Zip Code | 33480 |
| Area | 11 |
| Subarea | Palm Beach 4110; 4120 |
| Community Name | JEANETTE COURT |
| Listing VS Median (in JEANETTE COURT) | |
Price: $5,500,000 low | high Med: $5,500,000 sqft: 2,718 low | high Med: 2,718 $ / sqft: $2,024 low | high Med: $2,024 On site: 199 low | high Med: 199 | |
