About This Property

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.

Key Features

• 8,506 sq ft Lot
• Built in 1952

Property Details

• Type: Single Family Home
• Year Built: 1952
• Lot Size: 8,506 sq ft
• Sq Ft: 2,718
• Price / Sq Ft: $1,913
• HOA: Contact Agent
• Bedrooms: 4
• Bathrooms: 4
• Feature: 8,506 sq ft Lot
• Feature: Built in 1952
• Status: Active
• MLS Number: 1153171444
• Days on Market: 226
• Listed By: Compass Florida LLC · Jeffrey Creegan
• Zip Code: 33480