Home » Properties » 241 El Dorado Lane, Palm Beach FL 33480

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Elegant 7BR Home with Guest House in Palm Beach

Spacious 7-bedroom, 7.1-bath residence on a double lot with pool, guest house, home theater, and gym in Palm Beach.

$17,900,000

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Florida Local Time --:--

MLS #R11002615

Listing Updated: 2026-06-14 18:27:27

Listed By: Christian Angle Real Estate

Overview

This distinguished 7-bedroom, 7.1-bath single-family residence offers over 6,493 sqft of living space nestled on a 21,000+ sqft double lot in Palm Beach's Near North End. Built in 1959, the home features a thoughtfully designed interior with a home theater, gym, family room, media room, and an eat-in kitchen with a cooking island and pantry. The property includes a separate guest house with a gourmet kitchen and full bath, ideal for visitors or extended family. Outside, enjoy a beautifully landscaped backyard with a pool, putting green, built-in grill, BBQ area, and a conversation patio surrounding a firepit. The two-car garage and ample parking complete this exceptional offering in a sought-after location.

Property Highlights

7 bedrooms, 7.1 bathrooms, 6,493 sqft living area, double lot over 21,000 sqft, home theater, gym, guest house with kitchen and bath, pool, putting green, built-in grill, 2-car garage.

Property Details

City: Palm Beach

State: FL

Zip Code: 33480

Address: 241 El Dorado Lane, Palm Beach FL 33480

Year Built: 1959

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: Christian Angle Real Estate

County: Palm Beach County

Garage Spaces: 2

Parking Features: 2 Or More Spaces, Detached, Parking Garage

Interior Features: Bar, Built-in Features, Cooking Island, Pantry, Walk-In Closet(s), Family Room, Media Room

Exterior Features: Built-In Grill

Waterfront: No

Pool: Yes

HOA Fee: $0

Annual Tax: $29,170

Days On Market: 699 Days

Original Listing Description

Beautiful 7BR/7.1BA home with 6,493+/- SqFt on fabulous double lot. Excellent location in the Near North End. Highlights include home theater, gym, eat-in kitchen, and 2 car garage. Gorgeous guest house with living room, gourmet kitchen, and full bath. The perfect Palm Beach backyard with beautiful pool, putting green, BBQ area, and conversation patio surrounding firepit. Perfectly situated on 21,000+/- SqFt lot.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

241 El Dorado Lane, Palm Beach FL 33480

About This Neighborhood

Located in the Near North End of Palm Beach, this neighborhood is known for its quiet streets and proximity to the island’s best beaches and shopping districts. Residents enjoy easy access to upscale dining, cultural venues, and recreational facilities. The community is well-established, offering a blend of historic charm and modern conveniences, making it attractive for families and individuals seeking a refined coastal lifestyle.

Walkability & Lifestyle

This property is situated within a neighborhood that offers a pleasant walking experience with nearby parks, local shops, and dining options. Residents can enjoy coastal strolls and access to waterfront areas for leisure activities. The walkability enhances daily convenience and supports an active lifestyle, making it easy to explore the community on foot.

Things To Do Nearby

Palm Beach provides a rich array of recreational opportunities including golf courses, marinas, and cultural attractions. Residents can enjoy boating, fine dining, shopping, and vibrant nightlife. Outdoor enthusiasts appreciate nearby beaches and parks, while the local community hosts events and activities that foster a lively social scene throughout the year.

Nearby Schools

The Palm Beach area offers access to a variety of public and private schools known for their academic programs and extracurricular activities. Families benefit from convenient school transportation options and proximity to educational institutions. The neighborhood supports a family-friendly environment with schools that emphasize comprehensive development and community involvement.

Why Buyers Like This Area

Buyers are drawn to this area for its blend of privacy, luxury, and lifestyle amenities. The spacious lot and guest house offer versatility for families or those who entertain frequently. Proximity to beaches, shopping, and cultural venues enhances daily living. The neighborhood’s reputation for safety and exclusivity adds to its appeal, making it a preferred choice for discerning buyers.

Investment Potential

This Palm Beach property offers a unique combination of size, location, and amenities that appeal to a range of buyers. Its large double lot and guest house provide flexibility for multi-generational living or rental possibilities. The presence of luxury features such as a pool, gym, and home theater enhances its desirability. While the market fluctuates, properties in this area typically maintain steady interest due to Palm Beach’s enduring appeal and limited inventory of large estate homes.

Market Trends

Palm Beach’s real estate market consistently attracts buyers looking for luxury and spacious properties. Demand remains strong for well-maintained homes with unique features such as guest houses and large outdoor spaces. Inventory in the Near North End is limited, which supports stable pricing. Buyers often prioritize properties that combine privacy with convenient access to amenities, contributing to sustained market interest in this segment.

Rental Income Potential

Properties like this one in Palm Beach can attract seasonal renters or long-term tenants due to their size and amenities. The guest house adds rental flexibility, appealing to tenants seeking privacy or multi-family arrangements. The location near beaches and shopping enhances rental appeal. While rental income is subject to market conditions and occupancy, the property’s features support strong tenant interest in a competitive rental market.