Photo 1 of 10
$5,950,000
$2,543/sqft Listed 42 days ago
234 PARK Avenue, Palm Beach, FLListing courtesy of Illustrated Properties
For sale
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Photo courtesy of Beaches MLS
House · Palm Beach
$5,200,000 $5,500,000
240 Oleander Avenue, Palm Beach, FL
Listing courtesy of Compass Florida LLC
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.
- Area
- Palm Beach
- MLS #
- R11164744
- Listing agent
- Jeffrey Creegan
- Living area (m²)
- 253 m²
- Price per m²
- $20,591
- Property tax (per year)
- $62,501 (2025)
- Year built
- 1952
- Floors in the building
- 2
- Parking
- Garage: 1
- Pets
- Allowed
- Furnished
- Unfurnished
- Flooring
- Carpet, Ceramic Tile, Wood
- Listed
- September 28, 2026
- Days on market
- 37
- Previous price
- $5,500,000
- Original price
- $5,750,000
Interior features
- Living Dining Room
- Split Bedrooms
Exterior features
- Balcony
- Outdoor Living Area
Parking features
- Attached
- Garage
Appliances
- Dryer
- Dishwasher
- Refrigerator
Price and status history
- Listed for $5,750,000
- Date not givenPrice dropped from $5,750,000 to $5,500,000 (4.3%)
- Price dropped from $5,500,000 to $5,200,000 (5.5%)
From the MLS listing date, original price, latest price change and status dates. The feed does not list every change in between.
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Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
Last updated October 1, 2026, 3:48 pm
$5,200,000
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