240 Oleander Avenue, Palm Beach FL 33480, PALM BEACH, FL, 33480
Active183 days on marketListed Feb 15, 2026MLS #R11164744
About this home
240 Oleander Avenue, Palm Beach FL 33480
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.
Facts & features
The home at a glance
4
Bedrooms
4
Bathrooms
2,718
Sqft
0.2 ac
Lot size
1
Garage
1952
Year built
2
Levels
$2,024
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$37,109 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$37,109/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Palm Beach actives
$2,024 vs $1,248
Days on market
183 vs 113 typical
Where $2,024/sqft sits among the 192 Palm Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Midtown
Get to know Palm Beach. See the full Palm Beach guide →
Midtown — neighborhood snapshot
Population
2,822
Median age
73
Median income
$193,972
Median home value
$1,982,614
Avg household
2
Households w/ children
48%
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palm Beach market
$365K → $5.0M
Palm Beach median sold, yr/yr
91.4%
Sale-to-list ratio (12 mo)
4 of 192
Palm Beach actives have cut their price
This home is listed 1294% above the PALM BEACH 33480 median. See the full Palm Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 240 Oleander Avenue
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$6,400,000
211 Park Avenue, Palm Beach FL 33480 · same community
4 bd · 3 ba · 2,130 sqft · $3,005/sqft · 94 DOM
Sold · Nov ’25$5,499,500
100 Royal Palm Way # A2, Palm Beach FL 33480
3 bd · 3 ba · 2,810 sqft · $1,957/sqft · 541 DOM
Sold · Jun ’26$6,800,000
230 Plantation Road, Palm Beach FL 33480
4 bd · 3.5 ba · 2,821 sqft · $2,410/sqft · 219 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Lacie Springstead
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 240 Oleander Avenue — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 240 Oleander Avenue — before you fall in love.
See it in person
Schedule a tour
Live availability from Lacie's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
240 Oleander Avenue FAQs
What would the monthly payment be for 240 Oleander Avenue, Palm Beach FL 33480?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $37,109/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 240 Oleander Avenue, Palm Beach FL 33480?+
The most recent tax bill on record (2025) was $62,501. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 240 Oleander Avenue, Palm Beach FL 33480?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palm Beach?+
At $5,500,000, this home is listed about 116% above the Palm Beach median of $2,545,000. The market section on this page shows how the area is trending.
Which schools are assigned to 240 Oleander Avenue, Palm Beach FL 33480?+
Palm Beach Public School (elementary), Conniston Middle School (middle), Forest Hill Community High School (high), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$5,500,000 runs 1294% above the PALM BEACH 33480 median — but at 2,718 sqft it's also 48% larger than the typical Palm Beach listing.
02Strong assigned schools
Palm Beach Public School, Conniston Middle School, Forest Hill Community High School, Glades Construction Academy At West Technical — Palm Beach Public School rates 4 of 5. Always verify assignments with the district.
03The price has already moved
Listed at $5,750,000, now $5,500,000 — a $250K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
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 Miami Association of REALTORS®.
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