701 S Olive Avenue 505 & 506 West Palm Beach, FL $ 3,290,000
701 S Olive Avenue 505 & 506
$ 3,290,000
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701 S Olive Avenue 505 & 506

West Palm Beach, FL, 33401
$ 3,290,000
Bedrooms3 Baths3.1 Sq 2,186

Monthly Estimate*

$ 20,773

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Condo for sale in West Palm Beach, FL

for $3,290,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,186 square foot condo was built in 2008.

A rare opportunity to create a signature residence in the heart of downtown West Palm Beach in Two City Plaza. Imagine combining two exceptional patio residences into one extraordinary urban villa, offering amazing scale, ceiling height, and indoor-outdoor lifestyle rarely found downtown. Residences 505 and 506 at Two City Plaza present a once-in-a-generation opportunity to acquire two side-by-side, fully renovated homes and create a custom three-bedroom, three-and-a-half-bath residence encompassing 2,186sqft of interior living space, complemented by more than 1,000sqft of private, gated outdoor space. Among only eight coveted patio residences in the entire building, this offering is made even more distinctive by the ability to seamlessly combine the two homes. Maintain multiple private terraces, or envision one expansive, beautifully designed showcase patio: a private outdoor environment unlike virtually anything else in downtown condominium living. Inside, soaring 14-foot ceilings create exceptional volume and flood the interiors with natural light, while the patio-level positioning delivers effortless indoor-outdoor flow. Generous living and entertaining spaces open directly to the terraces, ideal for entertaining, relaxing, or creating a serene retreat in the heart of the city. The conceptual floor plan illustrates the potential to merge the residences into one sophisticated home that lives more like a bespoke private residence than a traditional condominium. The possibilities are exceptional: create one substantial signature residence, maintain two distinct living environments for multigenerational living or guests, or preserve the flexibility to use the residences independently. Both residences have already been tastefully renovated, offering move-in-ready interiors with updated kitchens and baths, modern tilework, walk-in closets, and bright, open living spaces that flow seamlessly to the outdoors. . RESIDENCE 505 | 2 BED / 2 BATH | 1,150 SF A spacious primary suite, second bedroom, open living and dining areas, an updated kitchen, new bedroom flooring, and a large private terrace. . RESIDENCE 506 | 1 BED / 1.5 BATH | 1,032 SF A generous great room, well-proportioned bedroom, beautifully upgraded finishes throughout, and a dual-entry terrace with direct access to its private outdoor space. . INCLUDED WITH THE COMBINED OFFERING Two garage parking spaces (P2-67 and P9-624), one air-conditioned storage room, and one air-conditioned storage cage, adding another level of convenience and value. More than 3,686sqft of combined indoor and private outdoor living offers the freedom to entertain, garden, create a private pet-friendly retreat, or simply enjoy a level of space and privacy rarely available in a luxury high-rise setting. Two City Plaza offers an impressive collection of amenities including concierge and complimentary valet, rooftop pool with towel service and panoramic views, hot tub, sauna and steam room, renovated fitness center, outdoor kitchen and BBQ area with Restoration Hardware furnishings, firepit, table tennis, indoor and outdoor movie theaters, club room, courtyard, rooftop dog park, and exceptional staff. Ideally positioned in the heart of Downtown West Palm Beach, across from One Flagler and moments from acclaimed dining, shopping, cultural attractions, Worth Avenue, Palm Beach, and approximately seven minutes from PBIA.

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Condo Active

Price

$ 3,290,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Condo

Taxes

$ 12,407

Style

Year Built

2008

Town/City

West Palm Beach

County/Region

Palm Beach

MLS | Web ID

B26064410

Features
General
Membership Required false
Sewer Public Sewer
Heating Central Individual
Cooling Central Air Ceiling Fan(s)
Utilities Cable Available Electricity Available Sewer Available Water Available
Possession Close Of Escrow Subject To Tenant Rights
Roof Tile
Appliances Dryer Dishwasher Electric Range Electric Water Heater Freezer Disposal Ice Maker Microwave Range Refrigerator Water Heater Washer
HOA Fee 2295
Garage Spaces 2
Association Fee Includes Common Areas Cable TV Insurance Maintenance Grounds Pest Control Pool(s) Reserve Fund Sewer Security Trash Water Internet
Patio/Porch Features Patio Terrace
Pool Features Association Heated
Security Features Security System Building Security Closed Circuit Camera(s) Fire Alarm Fire Sprinkler System Gated with Guard Secured Garage/Parking Key Card Entry Lobby Secured Smoke Detector(s)
Construction Materials Block
Pets Allowed Breed Restrictions Number Limit Pet Restrictions Yes
Year Built 2008
View City Garden
Stories Count 1
Levels One
Unit Number 505 & 506
Property Subtype Condominium
Tax Year 2025
Waterfront Features None
Community Features Property Manager On-Site Street Lights Sidewalks
Building Name Two City Plaza
Accessibility None
Assoc Fee Paid Per Monthly
County Palm Beach
New Construction false
Property Type Residential
Association Amenities Bike Storage Clubhouse Dog Park Fitness Center Management Picnic Area Pool Sauna Spa/Hot Tub Security Storage Sidewalks Trail(s) Trash Elevator(s)
Attached Garage true
Subdivision Name TWO CITY PLAZA CONDO
Facing Direction East
Garage Y/N true
Total Rooms 8
Full Baths 3
Status Active
Directions Okeechobee Blvd East to Left on South Olive Ave headed in the north direction. Building is on the left just passed Lakeview Ave. Complimentary Valet.
High School Forest Hill
City West Palm Beach
Senior Community Y/N false
MLS Area 5420
Carport Y/N false
Elementary School Roosevelt
Tax Annual Amount 12407
Middle/Junior High School Conniston Community
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/701-S-Olive-Avenue-Unit-505-506-West-Palm-Beach-FL-33401/unbranded
Builder Name Kolter Homes
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Condominium
Legal Description TWO CITY PLAZA CONDO UNIT 505
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Interior
Interior Amenities Breakfast Bar Built-in Features Bathtub Cathedral Ceiling(s) Dual Sinks Entrance Foyer High Ceilings Living/Dining Room Multiple Primary Suites Multiple En Suite Bathrooms Pantry Split Bedrooms Soaking Tub Separate Shower
Flooring Carpet Engineered Hardwood Tile
Furnished Y/N Partially
Total Stories 21
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Sliding Storm Window(s)
Fireplace Y/N false
Half Baths 1
Laundry Features Inside Laundry Closet Washer Dryer Install Allowed
Total Bedrooms 3
Entry Level 5
Main Level Bedrooms 3
Main Level Bathrooms 4
Total Baths 4
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Exterior
Exterior Amenities Built-in Barbecue Barbecue Courtyard Garden Lighting Outdoor Kitchen Outdoor Living Area Other Uncovered Courtyard
Fencing Gate
Parking Features Assigned Attached Garage Guest Valet
Water Source Public
Total Parking 2
Lot Size Area 0
Building Area Total 2186
Lot Size Acres 0
Waterfront Y/N false
Covered Spaces 2
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* Excluded Features
List By
Christopher Cronican

Listing Agent

Affordability Calculator

$21,807
Per Month
95%
5%
0%
Monthly Principal & Interest
$20,773
Monthly Property Taxes
$1,034
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
0 Elementary School
4820234 Middle School
Forest Hill High School High School
Pricing History
DatePricePrice ChangeDescription
8/14/2026$3,290,000 Listed Price

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701 S Olive Avenue 505 & 506, West Palm Beach, FL, 33401 is a Condo for sale at $3,290,000 with 2,186 sqft. 701 S Olive Avenue 505 & 506 has 3 bedrooms, 3.1 baths, and was built in 2008. The property's zip code is 33401 which is in West Palm Beach, FL