240 Oleander Avenue, Palm Beach, FL 33480

$5,500,000
: 4
BD
: 4
BA
: 2,718
SqFt

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List Price: $5,500,000
Listing Price: $5,500,000
Price Change: ▼ $250,000 1781121132
Days on Market: 207
MLS#: R11164744
Bedrooms: 4
Bathrooms: 4
Living Sq. Ft: 2,718
Approx. Lot Size: 100.0 ft x 85.0 ft
Property Class: Single Family Residential
Status: ACTIVE UNDER CONTRACT
County: Palm Beach
Region: 4110
Development: PB11
Subdivision: Jeanette Court

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Property 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.