Sold for $642,000

$642,000

701 S Olive Avenue #406, West Palm Beach, FL 33401

1beds

1,020sqft

Condominium

Built in 2008

-- sqft lot

$676,900 Zestimate^®

$629/sqft

$4,659 Estimated rent

Home value

$676,900

$630,000 - $731,000

$4,659/mo

Zestimate^® history

Owner options

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$4,659/mo

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$4,659/mo

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$5,415/mo

Est. payment

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$5,415/mo

Est. payment

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What's special

This spacious 1 bedroom condo in the heart of Downtown showcases a contemporary design with an open floor plan, high ceilings, a fully equipped kitchen and large sliders that provide natural light in the reputable Two City Plaza. The unit itself features a luxurious en-suite bathroom with a separate spa tub and shower. The building in a prime location, offers a range of amenities, including a large rooftop with breathtaking ocean & city views, pool & spa, movie theater, valet, and so much more! Brand new 2023 AC & 2022 water heater.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Primary bedroom

Level: Main
Area: 196
Dimensions: 14 X 14

Kitchen

Level: Main
Area: 78
Dimensions: 10 X 7.8

Living room

Level: Main
Area: 320
Dimensions: 20 X 16

Heating

Central

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Laundry: Inside, Laundry Closet

Features

Tub Shower, Walk-In Closet(s)
Flooring: Marble

Interior area

Total structure area: 1,020
Total interior livable area: 1,020 sqft

Property

Parking

Total spaces: 1
Parking features: Assigned, Attached, Garage
Attached garage spaces: 1

Features

Patio & porch: Open, Balcony
Exterior features: Balcony, Outdoor Living Area
Pool features: Association
Has view: Yes
View description: City
Waterfront features: None

Details

Parcel number: 74434322410000406
Zoning: QGD-25 - QUADRI
Special conditions: Listed As-Is

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Block, Concrete

Condition

Resale
New construction: No
Year built: 2008

Utilities & green energy

Electric: 3 Phase
Water: Public
Utilities for property: Cable Available, Water Available

Community & HOA

Community

Features: Home Owners Association, Property Manager On-Site
Subdivision: TWO CITY PLAZA CONDO

HOA

Has HOA: Yes
Amenities included: Bike Storage, Clubhouse, Elevator(s), Fitness Center, Pool, Spa/Hot Tub, Trash
Services included: Cable TV, Insurance, Sewer, Water
HOA fee: $1,003 monthly
HOA phone: 561-202-1900

Location

Region: West Palm Beach

Financial & listing details

Price per square foot: $629/sqft
Tax assessed value: $520,000
Annual tax amount: $7,764
Date on market: 12/21/2023
Cumulative days on market: 11 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
2/5/2024	Sold	$642,000-4.9%$629/sqft
Source: BeachesMLS #R10944694 Report a problem
1/4/2024	Contingent	$675,000$662/sqft
Source: BeachesMLS #RX-10944694 Report a problem
12/21/2023	Listed for sale	$675,000+184.8%$662/sqft
Source: BeachesMLS #RX-10944694 Report a problem
3/31/2011	Sold	$237,000$232/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,350 +37%	$520,000 +55.7%
2024	$8,285 +6.7%	$334,081 +10%
2023	$7,763 +17.5%	$303,710 +10%
2022	$6,605 +11.9%	$276,100 +10%
2021	$5,905 +3%	$251,000 +4.1%
2020	$5,731 -2.5%	$241,000 -1.6%
2019	$5,875	$245,000 -3.9%
2018	$5,875 -0.8%	$255,000 +4.1%
2017	$5,920 +3%	$245,000 -3.9%
2016	$5,745 -5.7%	$255,000 +6.3%
2015	$6,095 +11.5%	$240,000 +9.1%
2014	$5,464 +9.4%	$220,000 +10%
2013	$4,993 -1.1%	$200,000
2012	$5,050 -0.6%	$200,000
2011	$5,081 -1.6%	$200,000
2010	$5,163 -3.6%	$200,000 -7%
2009	$5,354	$215,000