240 Oleander Avenue

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.

Overview

At a glance

Property Type

Residential

Property Sub-Type

Single Family Residence

Address

240 Oleander Avenue, Palm Beach, FL 33480

Zoning

R-C

MLS ID

R11164744

Listing Date

2026-02-15

Last Updated

4/16/2026, 10:50:53 PM

Days on Market

70

Subdivision

JEANETTE COURT

Stories

2