Property Details
| Asking Price | $5,500,000 |
|---|---|
| Price per SqFt | $2,024 |
| Maintenance fee | Inquire |
| Property Taxes | $62,501 2025 |
| Interior Space | 2,718 SqFt |
| Beds/Baths | 4/4 |
| Year Built | 1952 |
| Garage | 1 space |
| Pool | No |
| Lot Size | 0.20 acres |
| MLS # | R11164744 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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.
Listed by Compass Florida LLC
Sales History for This Home · 240 Oleander Avenue, Palm Beach, FL 33480
Sales history is unavailable for this property
Listed by Compass Florida LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Palm Beach and throughout South Florida.
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Location
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