1701 S Olive Avenue
West Palm Beach, FL, 33401
$
3,495,000
Bedrooms5
Baths4.0
Sq
3,556
Monthly Estimate*
$
21,519
for $3,495,000 with 5 bedrooms and 4 full baths. This 3,556 square foot home was built in 1918 on a lot size of 0.156795.
Located in the Mango Promenade Historic District, this 1918 Craftsman residence offers a rare opportunity to acquire a historically significant property in the heart of downtown West Palm Beach that is currently configured and used as three apartments, while presenting outstanding potential to be reimagined as a gorgeous single-family Craftsman residence with carriage house.Ideally positioned on South Olive Avenue, just moments from the Norton Museum of Art, CityPlace, Palm Beach Atlantic University, the Intracoastal Waterway, and the bridges to Palm Beach, the property combines architectural character, walkability, and long-term value in one of the city's most desirable neighborhoods.The main house is currently arranged as two apartments, together comprising fourbedrooms and three bathrooms. The layout retains the generous room sizes, classic proportions, 10-foot ceilings, original Dade County pine floors, fireplaces, and abundant natural light that define early Craftsman architecture. While presently configured for multi-unit use, the scale and flow of the main residence lend themselves naturally to conversion back into a gracious single-family home, restoring the original Craftsman character while maintaining flexibility.
A detached two-car carriage house completes the property and includes a fully independent one-bedroom, one-bath apartment. This structure is ideal for guest accommodations, extended family, home office, or studio use, and enhances privacy whether the property is enjoyed as a single residence or maintained with multiple living areas.
Significant capital improvements have already been completed, allowing the next owner to focus on vision rather than infrastructure. Recent updates include a newly installed roof, impact-rated windows and doors, new HVAC, updated electrical and plumbing, and roof straps for hurricane resistance. Solid CBS construction further enhances durability, insulation, and long-term peace of mind.
The property features a private garden sanctuary, a rare amenity in a walkable downtown setting. Mature landscaping provides a quiet outdoor retreat ideal for entertaining, dining, or relaxation. Secure off-street parking via the two-car garage adds convenience seldom found in this location.
While currently used as a three-apartment property, the home's architectural integrity, proportions, and layout make it especially compelling for buyers seeking to convert it into a stunning single-family Craftsman residence, with the added benefit of a carriage house for guests or flexible use. The current configuration also allows for interim income or phased conversion, subject to buyer preference and local regulations.
Downtown West Palm Beach continues to benefit from strong demand driven by walkability, cultural institutions, Brightline high-speed rail access, proximity to Palm Beach Island, and sustained regional growth. The nearby Norton Museum of Art serves as a cultural anchor, supporting neighborhood prestige and long-term value. Historic district designation helps preserve architectural character and neighborhood integrity.
A rare opportunity to acquire a historic Craftsman property with income capability today and the potential to become a beautiful single-family residence tomorrow, located in one of South Florida's most vibrant and culturally rich downtown neighborhoods.
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Features
Exterior
Lot Description
< 1/4 Acre
Corner Lot
East of US-1
Paved Road
Public Road
Sidewalks
Exterior Amenities
Auto Sprinkler
Covered Balcony
Custom Lighting
Fence
Open Porch
Zoned Sprinkler
Waterfront
No
None
Guest House
Yes
Private Pool Y/N
No
Lot Dimensions
90' X 75'
Subdiv. Amenities
Street Lights
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Interior
Interior Amenities
Built-in Shelves
Entry Lvl Lvng Area
Fireplace(s)
Foyer
Split Bedroom
Upstairs Living Area
Volume Ceiling
Dining Area
Formal
Flooring
Carpet
Tile
Wood Floor
Furnished Y/N
Unfurnished
Total Bedrooms
5
Master Bedroom/Bath
Mstr Bdrm - Sitting
Mstr Bdrm - Upstairs
Separate Shower
Separate Tub
Unit Floor #
1.00
Total Bathrooms
4.00
SqFt - Living
3556.00
Total Floors/Stories
2.00
Equip/Appl Included
Auto Garage Open
Dishwasher
Dryer
Range - Gas
Washer
Water Heater - Elec
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General
Construction
Block
CBS
Concrete
Heating
Heat Pump-Reverse
Cooling
Ceiling Fan
Central
Reverse Cycle
Utilities
Electric
Gas Natural
Public Sewer
Public Water
Possession
At Closing
Roof
Comp Shingle
Parking
2+ Spaces
Covered
Driveway
Garage - Detached
Guest
Pets Allowed
Yes
Zoning
MF32(c
HOA
None
Number of Garage Spaces
2.00
Status
Active
Full Baths
4
Half Baths
0
Year Built
1918
REO
No
Subdivision
CROTON PARK
Type
Single Family Detached
Rooms
Attic
Convertible Bedroom
Den/Office
Garage Apartment
Laundry-Garage
Laundry-Inside
Storage
Workshop
Property Type
A
Area
5440
Application Fee
0.00
Auction
No
Development Name
Croton Park
Tax Year
2025
Terms Considered
Cash
Conventional
Gated Community
No
Short Sale
No
Restrict
Lease OK
Special Info
Sold As-Is
Survey
Taxes
31791.00
Adult 55+
No Hopa
HOA/POA/COA (Monthly)
0.00
Governing Bodies
None
Membership Fee Required
No
Virtual Tour
https://www.propertypanorama.com/1701-S-Olive-Avenue-West-Palm-Beach-FL-33401/unbranded
Geo Area
PB20
Legal Description
CROTON PARK E 75 FT OF LT 14
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Internal Only
OriginalMLSID
RX-11150999
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* Excluded Features
List By
Benjamin S. Stein
Listing Agent
Sotheby's Intl. Realty, Inc.
Broker
ben.stein@sothebys.realty
Email
Affordability Calculator
- Monthly Principal & Interest
- $21,519
- Monthly Property Taxes
- $2,649
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in West Palm Beach, FL
Average List Price
$1,512,829
Percent of Sale Price
57%
About West Palm Beach, FL
111,545
Population
36%
Since 2002
$
51,879
Median Income
40.03
Median Age
19%
Households with Children
Trends Information provided by ATTOM Data Solutions.
368239
Elementary School
368240
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
1/2/2026
|
$3,495,000
|
|
Listed Price
|