$5,750,000
- 4 Beds
- 4 Baths
- 2,718 SqFt
- $2,116/SqFt
Ultra Luxury
House for sale in Jeanette Court240 Oleander Ave, Palm Beach, FL 33480Ideally 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.