HOMES BY DARCI
Southern Key Realty
240 Oleander Avenue Palm Beach FL 33480
Address
240 Oleander Avenue, Palm Beach, FL
Price
$ 5,750,000
Property Attributes
- MLS#R11164744
- TypeSingle Family
- Listing Status Active
- CountyPalm Beach
- CityPalm Beach
- Area4110
- NeighborhoodJEANETTE COURT
- Zip33480
- Style
- Year Built1952
- Taxes$ 62501
- Price$ 5,750,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2718
- Lot Size0.2 Acres
Data Source:
Beaches MLS (FL)
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.
| Price History | |
|---|---|
| 2/19/2026 | Listed $5,750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Wall Furnace |
| Cooling | Central Air,Wall/Window Unit(s) |
| Utilities | Sewer Available,Water Available |
| Possession | Negotiable |
| Roof | Composition,Shingle |
| Appliances | Dryer,Dishwasher,Refrigerator |
| Garage Spaces | 1 |
| Patio/Porch Features | Deck,Patio,Balcony |
| Architectural Style | Traditional |
| Security Features | Closed Circuit Camera(s) |
| Construction Materials | Block |
| Pets Allowed | Yes |
| Year Built | 1952 |
| Electric | 3 Phase |
| Stories Count | 2 |
| Levels | Multi/Split,Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | None |
| County | Palm Beach |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | None |
| Attached Garage | true |
| Subdivision Name | JEANETTE COURT |
| Facing Direction | North |
| Garage Y/N | true |
| Full Baths | 4 |
| Status | Active |
| Directions | From Royal Poinciana Way, head North on N County Rd, then turn left onto Oleander Ave, property will be on the left. |
| City | Palm Beach |
| Senior Community Y/N | false |
| MLS Area | 4110 |
| Tax Annual Amount | 62501.1 |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/240-Oleander-Avenue-Palm-Beach-FL-33480/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Palm Beach |
| Legal Description | JEANETTE COURT ADD LTS 11 & 12 |
Interior Features
| Interior Amenities | Living/Dining Room,None,Split Bedrooms |
|---|---|
| Flooring | Carpet,Ceramic Tile,Wood |
| Furnished Y/N | Unfurnished |
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Laundry Features | In Garage |
| Total Bedrooms | 4 |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 2 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Balcony,Outdoor Living Area |
|---|---|
| Parking Features | Attached,Garage |
| Lot Features | Sprinklers Automatic,< 1/4 Acre |
| Lot Size Area | 8506 |
| Building Area Total | 3610 |
| Lot Dimensions | 100.0 ft x 85.0 ft |
| Lot Size Acres | 0.2 |
| Waterfront Y/N | false |
| Covered Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33480
Price
Taxes
Year Built
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