PROXIMITY PARK

240 N Ocean Boulevard, Palm Beach FL 33480

6 beds · 6.5 baths · 5,410 ft²

Closed

$34,500,000

9.21%

Est. Payment $183,623/mo

MLS Sheet Video

6

Bedrooms

6.5

Bathrooms

5,410

Sq. Ft.

1992

Year Built

2

Garage

2

Stories

127

Days on Market

Description

There are only 23 ocean front single family homes ''in town'' on the Island of Palm Beach. There is only ONE available for purchase. Welcome home! 240 North Ocean Blvd is a spectacular oceanfront estate available on the island of Palm Beach in an A+ center of town location. This rare find is one of a few properties with a deeded private beach parcel directly on the sand. Spanning 100 feet, the private beach parcel offers exclusive access to the pristine sands and Atlantic Ocean sapphire blue water. The home's elegant floor plan is designed around the stunning views, with communal areas overlooking the pool and ocean. Two primary suites face the ocean, while two guest suites share a sun deck to the West. Additional features include formal and informal dining and living rooms, exercise room, sauna, library, fireplace, and two first floor guest bedrooms. Don't miss this opportunity to own a piece of Palm Beach oceanfront paradise.

Facts

MLS#
R11034592
Subdivision
PROXIMITY PARK
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1992
Lot Size
19,602 ft²
Sq. Ft.
5,410 ft²
Sq. Mt.
503 m²
Price per sq. ft.
$6,377/ft²
Price per sq. mt.
$68,588/m²
Stories
2
Garage
2 spaces
Pool
Private
Days on Market
127 days
Listed
Nov 6, 2024
Last Updated
Sep 10, 2026
Price/Lot Sq.Ft.
$1,760/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Palm Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

72

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

9/10/2026Sold$34,500,000
1/22/2025Price change$34,500,000-9.2%
11/6/2024Listed for sale$38,000,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

240 N Ocean Boulevard, Palm Beach FL 33480Directions

Estimated Monthly Payment

$212,523/mo

Principal & Interest

$183,623

Property Tax

$28,750

Insurance

$150

HOA

$0

20% ($6,900,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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