Condominium

701 S Olive Avenue # 506

701 S Olive Avenue # 506, West Palm Beach FL 33401 Get directions

$3,290,000

For Sale

3 Beds · 3 Baths · 2,186 SqFt

See estimated monthly cost

This listing is courtesy of Douglas Elliman. Christopher Cronican

Overview

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.

Facts & features

Interior

Living area (sq ft)
2,186
Full bathrooms
3
Half bathrooms
1
Furnished
Partially
  • Built-in Features
  • Fire Sprinklers
  • Entrance Foyer
  • Pantry
  • Split Bedroom
  • Volume Ceilings
  • Utility Room/Laundry

Building & exterior

Year built
2008
Garage spaces
2
Covered spaces
2
Pool
Yes
  • Garden
  • East Of Us1
  • Barbeque
  • Built-In Grill
  • Courtyard
  • Exterior Lights
  • Other
  • 2 Or More Spaces
  • Assigned
  • Guest
  • Parking Garage
  • Valet

HOA (homeowners association)

Association fee
$2,295 per month
  • Bike/Jog Path
  • Bike Storage
  • Barbecue
  • Gated
  • Community Room
  • Community Pool
  • Elevator(s)
  • Exercise Room
  • Storage
  • Guard At Gate
  • Heated Pool
  • Management On Site
  • Pool
  • Private Pool
  • Sauna
  • Security Patrol
  • Spa/Hot Tub
  • Trash Chute
  • Assoc Approval Required
  • Yes

Taxes

Annual tax
$12,407
Tax year
2025
Parcel number
74434322410000505

Assigned schools

Elementary
Roosevelt
Middle
Conniston
High
Forest Hill Community

Listing

MLS number
B26064410
Property type
Condominium
Price per SqFt
$1,505
Subdivision
TWO CITY PLAZA CONDO,Two City Plaza
On market since
Aug 14, 2026
Days on market
26

Estimated monthly cost

$22,432 per month

Principal & interest (30 yr)
$16,636
Property tax
$1,034
Insurance (estimated)
$2,468
Association fee
$2,295

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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