240 Oleander Avenue, Palm Beach, FL 33480

About This Home

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.

Property Details

Bathrooms Full

4

Bathrooms Half

0

Interior Features

Split Bedroom, Utility/Laundry In Garage, Utility Room, Utility Room/Laundry

Appliances

Dishwasher, Dryer, Refrigerator

Flooring

Carpet, Ceramic Floor, Wood

Heating

Central, Window/Wall

Cooling

Central Air, Wall/Window Unit(s)

Furnished

Unfurnished

Architectural Style

Split Level

Garage Spaces

1

Parking Features

1 Space, 2 Or More Spaces, Parking Garage

Building & Association

Stories

2

Stories Total

2

Association

No

Pets Allowed

Yes

Security Features

TV Camera, TV Monitor

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

8,506

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Comp Shingle Roof, Composition Roll, Shingle

New Construction

No

Public Records

Parcel Number

50434315060000110

Tax Annual Amount

$62,501

Tax Year

2,025

Zoning

R-C

County Or Parish

Palm Beach County

Location