240 Oleander Avenue Palm Beach FL 33480

Overview of 240 Oleander Avenue, Palm Beach, Fl 33480

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.

This luxury single family home was built in 1952 and features 4 bedrooms, and 4 full bathrooms. This home for sale is 3,610 square feet, with 2,718 sq ft being air conditioned living space. The home has a 1 car garage and does not have a private swimming pool.

Directions to this property are as follows: From Royal Poinciana Way, Head North On N County Rd, Then Turn Left Onto Oleander Ave, Property Will Be On The Left.

Please contact your ZFC agent for more information about MLS# RX-11164744 or any other homes for sale in Palm Beach or elsewhere in the Palm Beach County area.