Properties

Reading the market

240 Oleander Avenue, Palm Beach, FL 33480 · Foresight

Properties · Palm Beach · In-Town

Greg Forest Group | Palm Beach Brokerage

240 Oleander AvenuePalm Beach, FL 33480

$5,200,000

Ask

Bedrooms

Bathrooms

Living area

2,718 sf

Built

1952

Ask Greg directly

240 Oleander Avenue, Palm Beach, FL 33480 photo 1

Current taxes

$62,501 / 2025

Subject to change upon purchase and reassessment.

As assessed today. Florida caps a homesteaded assessment, so a buyer's figure is set after closing. Confirm with the county.

Flood zone

Zone AE · 4 ft

Special flood hazard area. Flood insurance is required with a federally backed mortgage.

FEMA flood map, read Oct 15, 2026. Confirm the rating with your insurer.

Getting around

Palm Beach International16 min
Downtown West Palm7 min
Worth Avenue7 min

Typical driving time without traffic.

Schools

Rosarian Academy Pre-K to 84 min
Palm Beach Day Academy Pre-K to 86 min
The Greene School PK to 89 min
Oxbridge Academy 6 to 1219 min

Driving times without traffic. Public assignment per BeachesMLS; verify boundaries with the district.

From the listing

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.

A private read

Some of what matters about a property is never in its listing. Where the price sits against what the street has actually traded. Whether there is room. And what may be available nearby, privately, without ever reaching the market. Greg gives that read directly.

The record

Reference: R11164744
Status: Active
Type: Single Family Residence
Year built: 1952
Lot: 8,712 sf
Per square foot: $1,913
Section: In-Town
Pool: No
Waterfront: No

Where it sits

Where to eat

For a first dinner on the island

BuccanAmerican · South County Road
Still the benchmark for modern Palm Beach dining. Creative small plates, consistently strong food, and one of the best rooms on the island.
ImotoJapanese · South County Road
Buccan's smaller sister. Sushi, sashimi and creative Asian dishes, and one of the best rooms on the island for a short, very good dinner.
Coco's at VinetaRestaurant · Vineta Hotel
Newly opened at the Vineta.

For when someone needs impressing

Palm Beach GrillAmerican · Royal Poinciana Way

Ask Greg directly

MLS R11164744 · Active. Price, status and photography are read live from BeachesMLS. Information is deemed reliable but not guaranteed and should be independently verified.

Courtesy of Compass Florida LLC · 561-285-4283

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. The data is deemed reliable but is not guaranteed accurate by BeachesMLS.