How much is 240 Oleander Avenue?

240 Oleander Avenue is listed at $5,200,000, which is about $1,913 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 240 Oleander Avenue?

The listing reports annual property taxes of $62,501 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 240 Oleander Avenue built?

240 Oleander Avenue was built in 1952 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 240 Oleander Avenue been on the market?

240 Oleander Avenue has been listed for 226 days, and the asking price has been reduced from $5,750,000. Days on market and price changes are the first signals of how much room there is to negotiate.

How do I see 240 Oleander Avenue?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

240 Oleander Avenue, Palm Beach, FL 33480

$5,200,000 · Active

4 beds
4 baths
2,718 sq ft
Single Family Residence
Built 1952
Lot 8,712 sq ft
3,610 sq ft total
1 garage space
Palm Beach County
MLS# R11164744
Jeanette Court

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48-web-or-mls-DJI_0053_4_5 (1) at 240 Oleander Avenue, Palm Beach

42-web-or-mls-DJI_0033_4_5 (2) at 240 Oleander Avenue, Palm Beach

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.

Features

Bedroom Layout - Split
Balcony

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Compass Florida LLC · brokerfl@compass.com · Listing agent: Jeffrey Creegan

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 240 Oleander Avenue.

Questions About 240 Oleander Avenue

How much is 240 Oleander Avenue?: 240 Oleander Avenue is listed at $5,200,000, which is about $1,913 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 240 Oleander Avenue?: The listing reports annual property taxes of $62,501 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 240 Oleander Avenue built?: 240 Oleander Avenue was built in 1952 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 240 Oleander Avenue been on the market?: 240 Oleander Avenue has been listed for 226 days, and the asking price has been reduced from $5,750,000. Days on market and price changes are the first signals of how much room there is to negotiate.
How do I see 240 Oleander Avenue?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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Nearby Cities

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Nearby ZIP Codes

Other Palm Beach neighborhoods include Estate Section and South End. Nearby ZIP codes include 33401 and 33405. This property also neighbors West Palm Beach, North Palm Beach, and Lake Worth Beach. Compare it with the Palm Beach housing market report.