240 Oleander Avenue, Palm Beach, FL 33480

New Listing
$5,200,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,610 Status: Active
Current Price: $5,200,000 List Date: 9/28/2026 Last Modified: 10/01/2026

Overview

Description

The best opportunity to build your dream home in Palm Beach is here. 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

Supplements: 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 o ...

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 Structure Type: House 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; Less Than 1 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

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
2026-09-28T14:59:09Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-28T14:59:09Z
Status Change Date
2026-09-28
Back on Market Date
2026-09-28

More Information

Parking Information

Open Parking Spaces
4

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

Price Calculations

Current Price To SqFt
1913.17

Originating Details

Originating System Key
20260218182223025980000000
Originating System ID
M00000170

Room Information

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

Documents

IDX
Listing Office: Compass Florida LLC
Source MLS Verified
Last Updated: October - 01 - 2026
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