Breathtaking views high above downtown West Palm Beach. This 20th floor 3BR+ penthouse captures sweeping views of the Intracoastal, Palm Beach & the Atlantic Ocean. Thoughtfully designed for comfortable & sophisticated daily living & entertaining over expansive water views. Enjoy a graciously scaled open living room w/ a custom bar, 11' floor-to-ceiling glass & an open chef's kitchen. PH includes 2 premium parking spaces w/EV charging & climate-controlled storage w/electric & wine coolers. Building amenities include a rooftop pool deck w/ grills, dog park, & TVs, 24 hr security, plus a 5th floor gym, club room, theatre, & spa w/ steam & dry saunas. No upcoming assessments. Seller open to selling w/ furniture. Moments away from downtown WPB & PB, PBI Airport, & world-class dining & retail.
Sold for $5,295,000
$5,295,000
701 S Olive Avenue #2012, West Palm Beach, FL 33401
3beds
2,734sqft
Condominium
Built in 2008
-- sqft lot
$5,418,000 Zestimate®
$1,937/sqft
$7,690 Estimated rent
Home value
$5,418,000
$4.88M - $6.07M
$7,690/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Suzanne Trapani Frisbie 561-373-0941,
The Corcoran Group,
Richard Frisbie 561-388-3773,
The Corcoran Group
Bought with:
Lynda A Stewart, 3346663
Coldwell Banker Realty /Delray Beach
Lynda A Stewart, 3346663
Coldwell Banker Realty /Delray Beach
Source: BeachesMLS,MLS#: R11136803
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 204
- Dimensions: 17 X 12
Kitchen
- Level: Main
- Area: 180
- Dimensions: 18 X 10
Living room
- Level: Main
- Area: 720
- Dimensions: 40 X 18
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
- Laundry: Inside, Laundry Closet, Laundry Tub
Features
- Bidet, Built-in Features, Bathtub, Closet Cabinetry, Dual Sinks, Entrance Foyer, Eat-in Kitchen, High Ceilings, Living/Dining Room, Custom Mirrors, Sitting Area in Primary, Storage, Soaking Tub, Separate Shower, Bar, Walk-In Closet(s)
- Flooring: Carpet, Marble
- Windows: Blinds, Drapes, Storm Window(s)
Interior area
- Total structure area: 2,849
- Total interior livable area: 2,734 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Accessibility Features
Features
- Patio & porch: Open, Balcony
- Exterior features: Balcony, Outdoor Living Area
- Pool features: Association
- Has view: Yes
- View description: Intercoastal, Ocean
- Has water view: Yes
- Water view: Intercoastal,Ocean
- Waterfront features: None
Details
- Parcel number: 74434322410002012
- Zoning: QGD-25
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
Condition
- Resale
- New construction: No
- Year built: 2008
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Home Owners Association, Property Manager On-Site
- Security: Security System, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Lobby Secured, Smoke Detector(s)
- Subdivision: TWO CITY PLAZA CONDO
HOA
- Has HOA: Yes
- Amenities included: Bike Storage, Clubhouse, Fitness Center, Pool, Parking, Sauna, Spa/Hot Tub, Storage, Trash, Elevator(s)
- Services included: Common Areas, Cable TV, Insurance, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Internet
- HOA fee: $2,688 monthly
Location
- Region: West Palm Beach
Financial & listing details
- Price per square foot: $1,937/sqft
- Tax assessed value: $2,450,000
- Annual tax amount: $38,328
- Date on market: 10/31/2025
- Cumulative days on market: 53 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Sold | $5,295,000-3.7%$1,937/sqft |
Source:  BeachesMLS #R11136803 Report a problem | ||
| 12/27/2025 | Pending sale | $5,500,000$2,012/sqft |
Source: BeachesMLS #RX-11136803 Report a problem | ||
| 10/31/2025 | Listed for sale | $5,500,000+10.1%$2,012/sqft |
Source: BeachesMLS #RX-11136803 Report a problem | ||
| 6/11/2025 | Listing removed | $4,995,000$1,827/sqft |
Source:  Douglas Elliman #RX-11049689 Report a problem | ||
| 1/7/2025 | Listed for sale | $4,995,000-28.6%$1,827/sqft |
Source: BeachesMLS #RX-11049689 Report a problem | ||
| 10/21/2022 | Listing removed | -- |
Source: Douglas Elliman Report a problem | ||
| 5/4/2022 | Listed for sale | $6,999,000+311.7%$2,560/sqft |
Source: BeachesMLS #RX-10797028 Report a problem | ||
| 12/18/2017 | Sold | $1,700,000-14.8%$622/sqft |
Source: Palm Beach BOR #17-1770 Report a problem | ||
| 8/24/2017 | Listed for sale | $1,995,000+53.5%$730/sqft |
Source: The Fite Group Luxury Home ERA Powered #RX-10361831 Report a problem | ||
| 11/4/2014 | Sold | $1,300,000-3.7%$475/sqft |
Source: Public Record Report a problem | ||
| 10/16/2014 | Pending sale | $1,350,000$494/sqft |
Source: RE/MAX OCEAN PROPERTIES #RX-10060128 Report a problem | ||
| 10/8/2014 | Price change | $1,350,000-5.3%$494/sqft |
Source: RE/MAX OCEAN PROPERTIES #RX-10060128 Report a problem | ||
| 7/29/2014 | Listed for sale | $1,425,000-8.1%$521/sqft |
Source: RE/MAX #RX-10060128 Report a problem | ||
| 7/18/2013 | Listing removed | $16,500$6/sqft |
Source: RE/MAX #RX-3332030 Report a problem | ||
| 6/7/2013 | Listing removed | $1,550,000$567/sqft |
Source: RE/MAX OCEAN PROPERTIES #R3336430 Report a problem | ||
| 4/1/2013 | Listed for sale | $1,550,000-4.6%$567/sqft |
Source: RE/MAX OCEAN PROPERTIES #R3336430 Report a problem | ||
| 2/28/2013 | Price change | $16,500-8.3%$6/sqft |
Source: RE/MAX OCEAN PROPERTIES #R3332030 Report a problem | ||
| 2/14/2013 | Listing removed | $1,625,000$594/sqft |
Source: RE/MAX OCEAN PROPERTIES #R3336430 Report a problem | ||
| 1/18/2013 | Listed for sale | $1,625,000+38.3%$594/sqft |
Source: RE/MAX OCEAN PROPERTIES #R3336430 Report a problem | ||
| 12/18/2012 | Listed for rent | $18,000$7/sqft |
Source: RE/MAX #R3332030 Report a problem | ||
| 7/13/2012 | Sold | $1,175,000-13.9%$430/sqft |
Source: Public Record Report a problem | ||
| 11/17/2011 | Listing removed | $1,365,000$499/sqft |
Source: Mirsky Valore Report a problem | ||
| 11/12/2011 | Listed for sale | $1,365,000-17.9%$499/sqft |
Source: Mirsky Valore Report a problem | ||
| 9/18/2008 | Sold | $1,662,408$608/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,581 +2.9% | $1,741,215 +2.9% |
| 2024 | $35,545 +2.4% | $1,692,143 +3% |
| 2023 | $34,725 +0.8% | $1,642,857 +3% |
| 2022 | $34,445 0% | $1,595,007 +3% |
| 2021 | $34,455 +0.4% | $1,548,550 +1.4% |
| 2020 | $34,301 +1.4% | $1,527,170 +2.3% |
| 2019 | $33,815 | $1,492,835 +1.9% |
| 2018 | $33,815 +4.6% | $1,465,000 +25% |
| 2017 | $32,343 +24.2% | $1,172,088 +2.1% |
| 2016 | $26,042 +0.1% | $1,147,980 +0.7% |
| 2015 | $26,018 +13.7% | $1,140,000 +16.3% |
| 2014 | $22,886 -2.6% | $980,000 +2.1% |
| 2013 | $23,493 +2% | $960,000 +3.2% |
| 2012 | $23,030 -6.2% | $930,000 -4.5% |
| 2011 | $24,549 +9.4% | $973,500 +10% |
| 2010 | $22,440 -22.9% | $885,000 -25.3% |
| 2009 | $29,114 | $1,185,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 3/10Roosevelt Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 4/10Conniston Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10Forest Hill Community High SchoolGrades: 9-12Distance: 3.7 mi
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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Estimated market value
$5,418,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,418,000
- Florida
- Palm Beach County
- West Palm Beach
- 33401
- Downtown
- 701 S Olive Avenue Unit 2012
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