About 240 Oleander Avenue
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.
Single Family home for sale in Palm Beach, FL at 240 Oleander Avenue. This 4 bedroom Single Family home is priced at $2,024/sqft
Features of 240 Oleander Avenue
| MLS® # | R11164744 |
|---|---|
| Price | $5,500,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,718 |
| Acres | 0.20 |
| Year Built | 1952 |
| Type | Single Family |
| Sub-Type | Single Family Homes |
| Style | Traditional |
| Status | Active |
Community Information: Palm Beach
| Address | 240 Oleander Avenue |
|---|---|
| Area | 4110 |
| Subdivision | JEANETTE COURT |
| City | Palm Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33480 |
Amenities of 240 Oleander Avenue
| Amenities | None |
|---|---|
| Utilities | Sewer Available, Water Available |
| Parking Spaces | 4 |
| Parking | Garage, Attached Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior of 240 Oleander Avenue
| Interior Features | Bedroom Layout - Split |
|---|---|
| Appliances | Dryer, Dishwasher, Refrigerator |
| Heating | Central, Window/Wall |
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Multi/Split |
Exterior of 240 Oleander Avenue
| Exterior Features | Balcony |
|---|---|
| Roof | Composition, Shingle |
| Construction | Block, CBS |
Additional Information On 240 Oleander Avenue
| Listing Courtesy of | Compass Florida LLC |
|---|---|
| Date Listed | February 18th, 2026 |
| Zoning | R-C |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass Florida LLC |
|---|