$5,500,000

Single Family Residence In Palm Beach

  • 4 Beds
  • 4 Baths
  • 2,718 Sqft
  • 8,506.0 Ac lot
  • Updated: June 10
  • 4
    Views for last 30 days
  • Source:
    BeachesMLS  MLS#R11164744

About the Property

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-appr
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.
  • Property type

    House

  • Floors

    2

  • Year built

    1952

  • Price/sqft

    $2,023

Features

  • Garage
  • Parking
  • Balcony

Explore the Area

240 Oleander Avenue, Palm Beach, Florida, United States View on Google Maps
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Compass Florida LLC - Boca Raton

Joined 9 months ago
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Compass Florida LLC - Boca Raton
Florida, United States
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171
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2025
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Compass Florida LLC - Boca Raton
Boca Raton, Florida, United States
View agency profile
Last updated
June 10
First listed
Feb 19
Listing reference
R11164744
Listing status
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