$5,200,000
 $27,915 est/mo Sourced by Back At You

240 Oleander Avenue,Palm Beach, FL 33480

Palm Beach, FL 33480

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Description

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.

Details

MLS #R11164744
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1952
Days On Site254
Listing Provided ByCompass Florida LLC | Jeffrey Creegan

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet2,718
Garage1
Story(s)2
ZoningR-C
Acreage0.20

Exterior

Lot FeaturesSprinklers Automatic, Less Than Quarter Acre

Parking

Garage Yes / NoYes
Parking FeaturesAttached, Garage

Taxes

Tax Annual Amount62501.1

Area Information

StateFL
CountyPalm Beach
CityPalm Beach
Zip Code33480
Area4110
SubareaPB11
Community NameJEANETTE COURT
Listing VS Median (in JEANETTE COURT)
Price:
$5,200,000
low | high
Med:
$5,200,000
50% of Average
sqft:
2,718
low | high
Med:
2,718
50% of Average
$ / sqft:
$1,913
low | high
Med:
$1,913
50% of Average
On site:
254
low | high
Med:
254
100% of Average
Sourced by Back At You

Market Activity 33480

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Learn More About This Property

Baha Alwardi

Baha Alwardi

Coldwell Banker Premium Realty

SL3465776 (561) 901-9300bahatherealtor@gmail.com
StateFL
CountyPalm Beach
CityPalm Beach
Zip Code33480
Area4110
SubareaPB11
Community NameJEANETTE COURT
Listing VS Median (in JEANETTE COURT)
Price:
$5,200,000
low | high
Med:
$5,200,000
50% of Average
sqft:
2,718
low | high
Med:
2,718
50% of Average
$ / sqft:
$1,913
low | high
Med:
$1,913
50% of Average
On site:
254
low | high
Med:
254
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.9M - $6.5M
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
234 PARK Avenue Property Photo 1
$5,950,000
234 Park Avenue
Palm Beach, FL 33480
259 Oleander Avenue Property Photo 1
$5,750,000
259 Oleander Avenue
Palm Beach, FL 33480
219 Seminole Avenue Property Photo 1
$6,000,000
219 Seminole Avenue
Palm Beach, FL 33480
Listing Updated: September 29, 2026 at 12:25:30 AM PDT
Baha Alwardi
License #: SL3465776
(561) 901-9300
Coldwell Banker Premium Realty
406 Lucerne Ave
Lake Worth Beach, FL 33460

Baha Alwardi - Coldwell Banker Premium Realty