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Robert Bledsoe Jr

rob.bledsoe@floridamoves.com +1(561) 889-9805

$ 5,500,000

Est. payment -/mo

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Active

240 Oleander AVE Palm Beach, FL 33480

4 Beds

4 Baths

2,718 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,718 sqft

Price per Sqft $2,023

Subdivision Jeanette Court

MLS Listing ID R11164744

Style Traditional

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 2718

Year Built 1952

Annual Tax Amount $62,501

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Single Family Residence

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.

Location

State FL

County Palm Beach

Area 4110

Zoning R-C

Direction North

Rooms

Main Level Bedrooms 2

Interior

Interior Features Living/Dining Room, None, Split Bedrooms

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Ceramic Tile, Wood

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Dishwasher, Refrigerator

Laundry In Garage

Exterior

Exterior Feature Balcony, Outdoor Living Area

Parking Features Attached, Garage

Garage Spaces 1.0

Utilities Available Sewer Available, Water Available

Amenities Available None

Waterfront Description None

Roof Type Composition,Shingle

Porch Deck, Patio, Balcony

Attached Garage true

Garage Yes

Private Pool No

Building

Lot Description Sprinklers Automatic, < 1/4 Acre

Faces North

Story 2

Entry Level Multi/Split,Two

Sewer Public Sewer

Architectural Style Traditional

Level or Stories Multi/Split, Two

Structure Type Block

New Construction No

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Restrictions Other Restrictions

Tax ID 50434315060000110

Security Features Closed Circuit Camera(s)

Acceptable Financing Cash

Membership Fee Required false

Listing Terms Cash

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/240-Oleander-Avenue-Palm-Beach-FL-33480/unbranded

Listed by Jeffrey Creegan Compass Florida LLC

Nearby Locations

Robert Bledsoe Jr

Broker Associate | License ID: BK3387416

+1(561) 889-9805

Robert Bledsoe Jr

240 Oleander AVE Palm Beach, FL 33480

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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240 Oleander AVE