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$4,985,150

  • Sold
  • Closed
  • Commercial Multi-Family
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Exceptional investment opportunity in Palm Beach! This fully renovated 8-unit multi-family building is ideally located just one block from the Ocean and one block from the scenic Lake Trail. The property offers a desirable unit mix: 4 studio apartments, 2 one-bedroom/1.5-bath units, and 2 two-bedroom/two-bath units. Every residence has been updated from top to bottom and features impact-rated windows and doors. The building is fully leased, providing immediate cash flow in one of South Florida's most sought-after markets. With its prime location and modern upgrades, this property is a rare chance to own a turnkey asset in Palm Beach.

Full Property Details for 212 Oleander Ave

General

  • Sold For: $4,985,150
  • Taxes: $35,622 (2024)
  • Status: Closed
  • Type: Commercial Multi-Family
  • Source: Regional
  • MLS ID: R11126123
  • Added to Site: 200 day(s) ago

Interior

  • Flooring: Tile, Wood

Additional Information

  • Security/Safety: Smoke Detector(s)

Location

  • County: Palm Beach

Community

  • Community Name: 5002

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Humidity Control, Wall/Window Unit(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Construction: Stucco
  • Roof: Other
  • Stories/Levels: 2
  • Building Size: 3680
  • Year Built: 1928

Lot Features

  • Lot Size (Acres): 0.1
  • Zoning: R-C(ci

Financial Considerations

  • Tax Amount: $35,622.5
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity

Disclosures and Reports

  • Documents Avail.: Survey
  • Legal Description: JEANETTE COURT ADD LT 4
  • Property ID: 50434315060000040

Listed by Douglas Elliman Jupiter and Douglas Elliman
Sold by Douglas Elliman

Listing agents

— 212 Oleander Ave —

  • Douglas Elliman Jupiter

  • Douglas Elliman

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 212 Oleander Ave

School District:Palm Beach County School District
NameGradesDistance
Palm Beach Public School
239 Cocoanut Row, Palm Beach, FL 33480
K-51 mi
Conniston Middle School
3630 Parker Avenue, West Palm Beach, FL 33405
6-83.3 mi
Palm Beach Lakes High School
3505 Shiloh Drive, West Palm Beach, FL 33407
9-124.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 212 Oleander Ave

Date
Details
Price
Change
Source
4/10/2026
Sold
$4,985,150
-13.3%
MLS
2/17/2026
Price Reduced
$5,750,000
-8%
MLS
9/22/2025
Listed
$6,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Douglas Elliman Jupiter and Douglas Elliman
Sold by Douglas Elliman

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Price Reduced near 212 Oleander Ave

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212 Oleander Avenue, Palm Beach, FL 33480 (MLS# R11126123) is a Commercial Multi-Family property that was sold at $4,985,150 on April 10, 2026. Want to learn more about 212 Oleander Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Palm Beach? You can browse all Palm Beach real estate or contact a Coldwell Banker agent to request more information.