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$5,700,000

Beds
4
Baths
4.0
sq ft
2,718

240 Oleander Ave, Palm Beach, FL 33480

240 Oleander Ave

Palm Beach, FL 33480

  • 205 days on market
    • Price drop $150,000↓
This prime development property currently features a three unit apartment building that has been re-envisioned with a full set of ARCOM approved architectural plans for a stunning 5-bedroom, 6.5-bath chateau. Imagine waking up just a few steps away from breathtaking ocean and intracoastal views in a home designed with every luxury and entertainment in mind. Envision expansive living spaces, a gourmet kitchen, and a master suite with a spa-like bathroom and private terrace. Outdoors, plans include a lavish pool, and a beautifully landscaped garden, positioned walking distance from houses of worship. Palm Beach offers world-class dining, high-end shopping, and cultural attractions. Don't miss this rare opportunity and make your dream home a reality.

Details

Property type

Single Family Residence

Lot size

8,507 sq ft

Price per sq ft

$2,098

Year built

1952

Annual property taxes

$52,453

Price History

11/21/2024
SEF

SEF #A11595776

Price change
$5,700,000
-2.56%
06/01/2024
SEF

SEF #A11595776

Listed
$5,850,000
-9.93%
05/01/2024
Beaches

Beaches #R10928727

Removed
$6,495,000

Schools & Community

Elementary school: 

Palm Beach Public

Middle school: 

Conniston

High school: 

Palm Beach Lakes

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Americas Wholesale Lndr

Loan start date

April 2003

Original loan amount

$200,000

Est. remaining balance

$0

Interest rate

5.21%

Loan type

Not Provided, 10 year

Seller

Robert Ziff and Susan Ziff

Lender

Old Kent Mortgage Co

Loan start date

May 1997

Original loan amount

$262,500

Est. remaining balance

Not provided

Interest rate

7.97%

Loan type

New Conventional

Seller

Robert Ziff and Susan Ziff

Lender

Old Kent Mortgage Co

Loan start date

May 1997

Original loan amount

$262,500

Est. remaining balance

Not provided

Interest rate

7.97%

Loan type

New Conventional

Seller

Robert Ziff and Susan Ziff

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 8:10 PM

Listing updated: 12/12/2024 at 7:30 PM

Listed by: Joacim Borg, Index Realty LLC Phone #: (561) 571-1015

MLS: SEF #A11595776

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