240 Oleander Avenue, Palm Beach, FL 33480 (MLS# R11164744)

240 Oleander Avenue, Palm Beach, FL 33480

$5,750,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,610 Status: Active
Current Price: $5,750,000 List Date: 2/18/2026 Last Modified: 4/16/2026

Overview

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

Supplements: 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.

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 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

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

Association Deposit YN
No
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
2026-02-18T18:49:23Z
Major Change Type
New Listing
Status Change Date
2026-02-18

More Information

Parking Information

Open Parking Spaces
4

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Showing Details

Pet(s) on Premises
Yes

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes
Utility Room
Yes

Price Calculations

Current Price To SqFt
2115.52

Originating Details

Originating System Key
20260218182223025980000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Dining Area

Dining/Living Room
Yes

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Wood
Yes

Parking Features

Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes
Window/Wall
Yes

Sprinkler Description

Auto Sprinkler
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Refrigerator
Yes

Construction Materials

Block
Yes
CBS
Yes

Interior Features

Bedroom Layout - Split
Yes

Laundry Features

In Garage
Yes

Levels

Multi/Split
Yes

Listing Terms

Cash
Yes

Roof

Composition
Yes
Shingle
Yes

Security Features

Closed Circuit Camera(s)
Yes

Architectural Style

Traditional
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

Call Listing Agent
Yes

Master Bedroom/Bath

None
Yes

Pets Allowed YN

Yes
Yes

Restrictions

Other Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Balcony
Yes
Deck
Yes
Patio
Yes

Patio Details

Patio - Open
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes

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

Listing Office: Compass Florida LLC
Last Updated: April - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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