Mansions Collection - Luxury Homes Real Estate Collection
MLS:R11164744

240 Oleander, Palm Beach, FL 33480

Priced at: $5,500,000
Bedrooms:
4
Bathrooms (Full):
4
Bathrooms (Half):
0
Living Area SqFt:
2,718 Sq Ft
Year Built:
1952
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.

Fees

Tax Year:
2025
Tax Amount:
$62,501

Features

Interior Features:
  • Split Bedroom
  • Utility/Laundry In Garage
  • Utility Room
  • Utility Room/Laundry
Equipment/ Appliances:
  • Dishwasher
  • Dryer
  • Refrigerator
Amenities:
  • None
Security Info:
  • TV Camera
  • TV Monitor
Parking:
  • 1 Space
  • 2 Or More Spaces
  • Parking Garage
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MLS: R11164744
240 Oleander, Palm Beach, FL 33480
Price: $5,500,000
Listing courtesy of Compass Florida LLC

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Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification.

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

William PD Pierce Luxury Realestate
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