JEANETTE COURT - 240 Oleander Avenue , Palm Beach - R11164744(Status : Active) - $ 5,750,000

Bedrooms: 4
Bathrooms: 4 full  4 half
Living Area: 2,718 SqFt
Total Area: 3,610 SqFt
Year Built: 1952
Waterfront: No
Garage: Yes
Garage Spaces: 1
Pool: No
Front: North
Pets Allowed: Yes
Address:240 Oleander Avenue , Palm Beach FL 33480

Room Measurements

Primary Bedroom: 9 x 0
Living Room: 0 x 0
Kitchen: 0 x 0

Comments:

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 Features:

Lot Dim:
100.0 ft x 85.0 ft
AC:
Central Air, Wall/Window Unit(s)
Appliance:
Dryer, Dishwasher, Refrigerator
Parking:
Garage, Attached Garage
Security:
Closed Circuit Camera(s)
Amenities:
None
Restriction:
Other Restrictions
HOPA (55+):
No
Furnished:
Unfurnished
Subdivision:
JEANETTE COURT
Lot Description:
Less Than 1/4 Acre Lot
Construction:
Block, CBS
Pets Allowed:
Yes
Storm Protection:
None
Flooring:
Carpet, Ceramic Tile, Wood
Front:
North
Taxes:
$62,501.10 (Property will be reassessed upon sale)
If you are interested in this property Call Jeffrey at (561) 496-2000, RE/MAX Direct
Listing courtesy of Compass Florida LLC
This information is not verified for authenticity or accuracy and is not guaranteed. 06/07/2026