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240 Oleander Avenue, Palm Beach, FL 33480

$5,750,000

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

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,610 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $5,750,000 List Date: 2/18/2026 Last Modified: 2/19/2026

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

Supplements: 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.

More Information MLS# R11164744

Contract Information

Comp Sale YN: No Listing Contract Date: 2026-02-15 Status: Active Original List Price: 5750000 List Price: $5,750,000 Current Price: $5,750,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Postal Zip: 33480 Geographic Area: PB11 Special Assessment YN: No Country: United States Street Number: 240 Street Name: Oleander Street Suffix: Avenue State Or Province: FL Postal Code: 33480 Subdivision Name: JEANETTE COURT Area: 4110 Parcel Number: 50434315060000110 Zoning: R-C Directions: From Royal Poinciana Way, head North on N County Rd, then turn left onto Oleander Ave, property will be on the left.

General Property Information

Living Area Main: 2718 Lot Size Dimensions: 100.0 ft x 85.0 ft Gated Community YN: No Lot Size Area: 8506 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Stories Total: 2 Stories: 2 Pool Private YN: No Property Sub Type: Single Family Residence Bedrooms Total: 4 Bathrooms Total: 4 Bathrooms Full: 4 Building Area Main: 3610 Building Area Source: Public Records Year Built: 1952 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 1 Covered Spaces: 1 Lot Size Acres: 0.2 Direction Faces: North

Financial Information

Association Deposit YN: No Membership Fee Required YN: No Tax Annual Amount: 62501.1 Tax Year: 2025 Tax Legal Description: JEANETTE COURT ADD LTS 11 & 12

Office/Member Information

DXORIGMLSID: RML

Amenities

None: 1

Dining Area

Dining/Living Room: 1

Electric

Three Phase: 1

Flooring

Carpet: 1 Ceramic Tile: 1 Wood: 1

Parking Features

Attached Garage: 1 Garage: 1

Parking Information

Open Parking Spaces: 4

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Utilities

Sewer Available: 1 Water Available: 1

Heating

Central: 1 Window/Wall: 1

Sprinkler Description

Auto Sprinkler: 1

Water Access

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Refrigerator: 1

Construction Materials

Block: 1 CBS: 1

Interior Features

Bedroom Layout - Split: 1

Laundry Features

In Garage: 1

Levels

Multi/Split: 1

Listing Terms

Cash: 1

Roof

Composition: 1 Shingle: 1

Security Features

Closed Circuit Camera(s): 1

Architectural Style

Traditional: 1

Capital Contributions

Capital Contributions YN: No

Cooling

Central Air: 1 Wall/Window Unit(s): 1

Showing Requirements

Call Listing Agent: 1

Main Level Rooms

Main Level Bathrooms: 2 Main Level Bedrooms: 2

Master Bedroom/Bath

None: 1

Pets Allowed YN

Yes: 1

Restrictions

Other Restrictions: 1

Storm Protection Details

None: 1

Tax Information

City/County: 1

Showing Details

Pet(s) on Premises: Yes

Outdoor Living Spaces

Balcony: 1 Deck: 1 Patio: 1

Patio Details

Patio - Open: 1

Room Types

Kitchen: 1 Kitchen Level: Main Laundry: 1 Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main Utility Room: 1

Price Calculations

Current Price To SqFt: 2115.52

Acreage Description

Less Than 1/4 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-02-18T18:49:23Z Major Change Type: New Listing Status Change Date: 2026-02-18

Originating Details

Originating System Key: 20260218182223025980000000 Originating System ID: M00000170

Property Features

Dining Area: Dining/Living Room Electric: Three Phase Flooring: Carpet; Ceramic Tile; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Refrigerator Architectural Style: Traditional Construction Materials: Block; CBS Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Window/Wall Interior Features: Bedroom Layout - Split Laundry Features: In Garage Levels: Multi/Split Listing Terms: Cash Pets Allowed YN: Yes Possession: Negotiable Restrictions: Other Restrictions Roof: Composition; Shingle Security Features: Closed Circuit Camera(s) Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Storm Protection Details: None Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Deck; Patio Patio Details: Patio - Open Room Types: Kitchen; Laundry; Living Room; Master Bedroom; Utility Room Acreage Description: Less Than 1/4 Acre Lot

Room Information

Living Room Length: 0.00 Length: 0.00 Width: 0.00 Width: 0.00 Level: Main Kitchen Length: 0.00 Length: 0.00 Width: 0.00 Width: 0.00 Level: Main Master Bedroom Length: 9.00 Length: 9.00 Width: 0.00 Width: 0.00 Level: Main Laundry Utility Room

Documents

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Listing Office: Compass Florida LLC

Last Updated: February - 19 - 2026

240 Oleander Avenue, Palm Beach, FL 33480- MLS# R11164744

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