About This Home
This 4-bedroom, 4-bathroom single family at 240 Oleander Avenue in Palm Beach, FL is listed for $5,200,000 ($1,913 per sqft). Built in 1952, the home offers 2,718 sqft of living space on a 0.20 acres lot.
Key Features
- Built in 1952
- 0.20 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$27,811/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
240 Oleander Avenue
Palm Beach, FL 33480
JEANETTE COURT
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom single family at 240 Oleander Avenue is listed at $5,200,000 ($1,913/sqft). The estimated monthly payment is $27,811 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1952, 0.20 acre lot, 2 stories. Interior Features: Bedroom Layout - Split. Exterior Features: Balcony.
This property is listed by Jeffrey Creegan and can be reached at 5619399819.
