240 Oleander Avenue, Palm Beach, FL 33480

About 240 Oleander Avenue, Palm Beach, FL 33480

The best opportunity to build your dream home in Palm Beach is here. 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.

How This Listing Compares in Palm Beach

Per square foot, it is asking 38% above the Palm Beach median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.

Medians from closed MLS sales in Palm Beach; a starting point, not an appraisal.

Home Features at 240 Oleander Avenue, Palm Beach, FL 33480

Bathrooms Full

4

Bathrooms Half

0

Interior Features

Split Bedroom, Utility/Laundry In Garage, Utility Room, Utility Room/Laundry

Appliances

Dishwasher, Dryer, Refrigerator

Flooring

Carpet, Ceramic Floor, Wood

Heating

Central, Window/Wall

Cooling

Central Air, Wall/Window Unit(s)

Furnished

Unfurnished

Architectural Style

Split Level

Garage Spaces

1

Attached Garage

Yes

Parking Features

1 Space, 2 Or More Spaces, Parking Garage

Pool Private

No

Year Built Details

Resale

Direction Faces

North

The Building at 240 Oleander Avenue, Palm Beach, FL 33480

Building Area Total

3610

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Pets Allowed

Yes

Security Features

TV Camera, TV Monitor

Lot, Views & Construction at 240 Oleander Avenue, Palm Beach, FL 33480

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

8,506

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Comp Shingle Roof, Composition Roll, Shingle

Sewer

At Site, Public Sewer, Other, Public Sanitation, Sewer

New Construction

No

Taxes & Public Record for 240 Oleander Avenue, Palm Beach, FL 33480

Parcel Number

50434315060000110

Tax Annual Amount

$62,501

Tax Year

2,025

Tax Legal Description

JEANETTE COURT ADD LTS 11 & 12

Zoning

R-C

County Or Parish

Palm Beach County

Map & Neighborhood