Single Family Home

$ 5,500,000
  • 4 bed
  • 4 bath
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Details
    • Listed on:
      February 15, 2026
    • Days on Market:
      115
    • Maintenance:
      n/a
    • Taxes:
      $ 62,501 per year
    • Year:
      1952
    • Furniture:
      Unfurnished
    • Floor Description:
      Carpet, Ceramic Floor, Wood
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      -
    • Parking:
      -
  • Interior Features:
    • Split Bedroom
    • Utility/Laundry In Garage
    • Utility Room
    • Utility Room/Laundry
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
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.
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