240 Oleander Avenue, Palm Beach, FL 33480, Palm Beach, 33480. MLS #R11164744

Property details

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.