Address
240 Oleander Avenue, Palm Beach, FL
Price
$ 5,500,000
Property Attributes
- MLS#R11164744
- TypeSingle Family
- Listing Status Active Under Contract
- CountyPalm Beach
- CityPalm Beach
- Area4110
- NeighborhoodJEANETTE COURT
- Zip33480
- Style
- Year Built1952
- Taxes$ 62501
- Price$ 5,500,000
- 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 |
| 6/10/2026 | 4$5,500,000 |
General Features
| Membership Required | false |
|---|---|
| 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 |
| Contingency | Inspection |
| Subdivision Name | JEANETTE COURT |
| Facing Direction | North |
| Garage Y/N | true |
| Full Baths | 4 |
| Status | Active Under Contract |
| 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 |
| MLS Area Minor | PB11 |
| Virtual Tour | https://www.propertypanorama.com/240-Oleander-Avenue-Palm-Beach-FL-33480/unbranded |
| Standard Status | Active Under Contract |
| 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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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 21, 2026 7:53 PM UTC
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Data Last Updated: September 21, 2026 7:48 PM UTC
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
