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• MLS® #: R11164744
• 240 Oleander Avenue
• Palm Beach, FL 33480
• $5,750,000
• 4 Beds, 4 Bath, 2,718 SqFt
• Residential

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.

Facts About Palm Beach, FL

Palm Beach is home to the immaculate Bethesda-by-the-Sea. It was created in 1925 and is host to famous celebrity weddings like Donald Trump’s in 2005.

If you are looking for a fun filled beach afternoon in Palm Beach then head to Phipps Ocean Park. It is a shoreline Palm Beach park that offers tennis courts, BBQ pits, picnic tables and the gorgeous South Florida Beaches.

If you are looking for fine french-styled cuisine visit Cafe L'Europe. It is a staple of the Palm Beach culinary scene and has been for over 25 years.