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For sale
  • $3,290,000

    701 S Olive Avenue #505 & 506, West Palm Beach, FL 33401

    3beds
    2,186sqft
    : 
    $24,592/mo
    Get pre-qualified
    Condominium
    Built in 2008
    -- sqft lot
    $3,100,400 Zestimate®
    $1,505/sqft
    $2,295/mo HOA

    What's special

    Private outdoor environmentBeautifully upgraded finishes throughoutModern tileworkCeiling heightSpacious primary suiteLarge private terraceGenerous great room
    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 3,186sqft 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.
    14 days
    |
    297
    |
    8
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Cronican 509-254-1608,

    Douglas Elliman,

    Lori Cronican 509-254-1683,

    Douglas Elliman

    Source: BeachesMLS,MLS#: B26064410MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 4
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      • Area: 163.2
      • Dimensions: 13.6 X 12
      Primary bedroom
      • Area: 180
      • Dimensions: 15 X 12
      Bedroom 2
      • Level: Main
      • Area: 129.6
      • Dimensions: 10.8 X 12
      Dining room
      • Level: Main
      • Area: 88
      • Dimensions: 11 X 8
      Kitchen
      • Level: Main
      • Area: 72
      • Dimensions: 9 X 8
      Kitchen
      • Level: Main
      • Area: 64
      • Dimensions: 8 X 8
      Living room
      • Level: Main
      • Area: 195
      • Dimensions: 15 X 13
      Living room
      • Level: Main
      Heating
      • Central, Individual
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Range, Refrigerator, Water Heater, Washer
      • Laundry: Inside, Laundry Closet, Washer Dryer Install Allowed
      Features
      • 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
      • Windows: Blinds, Sliding, Storm Window(s)
      • Has fireplace: No
      Interior area
      • Total structure area: 2,186
      • Total interior livable area: 2,186 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Assigned, Attached, Garage, Guest, Valet
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio, Terrace
      • Exterior features: Built-in Barbecue, Barbecue, Courtyard, Garden, Lighting, Outdoor Kitchen, Outdoor Living Area, Other, Uncovered Courtyard
      • Pool features: Association, Heated
      • Fencing: Gate
      • Has view: Yes
      • View description: City, Garden
      • Waterfront features: None
      Details
      • Parcel number: 74434322410000505
      • Zoning: QGD-25 (city)
      • Special conditions: Standard,Listed As-Is

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Block
      • Roof: Tile
      Condition
      • Resale
      • New construction: No
      • Year built: 2008
      Details
      • Builder name: Kolter Homes

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Property Manager On-Site, Street Lights, Sidewalks
      • Security: 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)
      • Subdivision: TWO CITY PLAZA CONDO
      HOA
      • Has HOA: Yes
      • Amenities included: Bike Storage, Clubhouse, Dog Park, Fitness Center, Management, Picnic Area, Pool, Sauna, Spa/Hot Tub, Security, Storage, Sidewalks, Trail(s), Trash, Elevator(s)
      • Services included: Common Areas, Cable TV, Insurance, Maintenance Grounds, Pest Control, Pool(s), Reserve Fund, Sewer, Security, Trash, Water, Internet
      • HOA fee: $2,295 monthly
      • HOA name: Two City Plaza
      • HOA phone: 561-202-1902
      Location
      • Region: West Palm Beach

      Financial & listing details

      • Price per square foot: $1,505/sqft
      • Annual tax amount: $12,407
      • Date on market: 8/14/2026
      • Cumulative days on market: 14 days
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes

        Estimated market value

        $3,100,400

        $2.95M - $3.26M

        Not available

        Price history

        DateEventPrice
        8/14/2026Listed for sale$3,290,000$1,505/sqft
        Source: BeachesMLS #B26064410 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        91 / 100
        Walker's Paradise
        40 / 100
        Some Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Roosevelt
        • Middle: Conniston Community
        • High: Forest Hill

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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