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• MLS® #: R11164744
• 240 Oleander Avenue
• Palm Beach, FL 33480
• $5,750,000
• 4 Beds, 4 Bath, 2,718 SqFt
• Residential

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.

Facts About Palm Beach, FL

Palm Beach is the sort of place where shopping is a full-time pursuit and residents don't just wear Polo, they play it.

Palm Beach's local newspaper is the Palm Beach Post which covers news and information from Jupiter Florida to Boca Raton.

Palm Beach enjoys a true international cultural attraction in the Norton Museum of Art.  This Palm Beach treasure enjoys world wide recognition for it's permanent art collection.