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

$3,290,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,186 Status: Active
Current Price: $3,290,000 List Date: 8/14/2026 Last Modified: 9/09/2026

Overview

Description

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

Supplements: 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. Gener ...

Listing Details MLS# B26064410

General Property Information

Number Of Units In Community
467
Total Units In Building
467
Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Building Area Main
2186
Building Area Source
Public Records
Living Area Main
2186
Living Area Source
Public Records
Adjusted Area Main
2186
Accessibility Features YN
No
Year Built
2008
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Parking Total
2
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
21
Stories
Yes
Direction Faces
East
Fireplace YN
No
Pool Private YN
No
Furnished
Partially
Washer/Dryer Allowed YN
Yes
Year Roof Installed
2008

Property Features

Application Information: Association Approval Required Association Amenities: Security Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Internet; Maintenance Grounds; Pest Control; Pool Service; Reserve Funds; Security; Trash; Water Dining Area: Dining/Living Room; Snack Bar/Counter Exterior Features: Barbecue; Built-in Barbecue; Courtyard; Custom Lighting; Garden; Lighting; Outdoor Kitchen; Other Flooring: Carpet; Engineered Wood; Tile Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Guest; Valet; Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Range; Freezer; Ice Maker; Microwave; Refrigerator; Washer; Water Heater; Range Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual Association Type: Condominium Fencing: Gate Heating: Central Individual Interior Features: Bedroom Layout - Split; Built-in Features; Cathedral Ceiling(s); Entrance Foyer; High Ceilings; Pantry Laundry Features: Inside; Laundry Closet Levels: One Listing Terms: Cash; Conventional Lot Features: Sidewalks Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Pet Restrictions Possible; Number Limit Possession: Close Of Escrow; Subject To Tenant Rights Restrictions: Buyer Approval Required Road Frontage Type: East of US-1 Roof: Tile Security Features: Building Security; Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System; Gated with Guard; Key Card Entry; Lobby - Attended; Secured Garage/Parking; Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Structure Type: Multi Family Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Blinds; Sliding; Storm Window(s) Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent Outdoor Living Spaces: Courtyard; Patio; Terrace Courtyard Details: Courtyard - Open Patio Details: Patio - Open Room Types: Bedroom 2; Dining Room; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
3290000
Negotiable Seller Concessions YN
No
Occupant Type
Tenant
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
701
Street Direction Prefix
S
Street Name
Olive
Street Suffix
Avenue
Unit Number
505 & 506
Municipality Type
Incorporated
Municipal Code
74
State Or Province
FL
Postal Code
33401
Postal Code +4
6195
Subdivision Name
TWO CITY PLAZA CONDO
Development Name
Two City Plaza
Area
5420
Geographic Area
PB20
Elementary School
Roosevelt
Middle Or Junior School
Conniston Community
High School
Forest Hill
Special Assessment YN
No
Parcel Number
74434322410000505
Subdivision Number
41
Zoning
QGD-25 (city)
Flood Zone
X
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.
Building Name
Two City Plaza

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2295
Association Fee Frequency
Monthly
Association Membership
Mandatory
Association Reserves YN
Yes
Application Required YN
Yes
Association Name
Two City Plaza
Association Phone
561.202.1902 X 2
Association Email
admin@twocityplaza.net
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
2295
Membership Fee Required YN
No
Tax Annual Amount
12407
Tax Year
2025
Tax Legal Description
TWO CITY PLAZA CONDO UNIT 505

Status Change Information

Major Change Timestamp
2026-08-14T20:52:15Z
Major Change Type
New Listing
Status Change Date
2026-08-14

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Co-Ownership

Property Management YN
Yes
Property Management Name
First Service Residential
Property Management Phone
561.202.1902 x2
Property Management Email
admin@twocityplaza.net

Ceiling Fan Details

Number Of Ceiling Fans
3

Main Level Rooms

Main Level Bathrooms
4
Main Level Bedrooms
3

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
2
Leasing - Minimum Number of Days
181

Storm Protection

Impact Glass
Complete

Room Types

Bedroom 2 Level
Main
Dining Room Level
Main
Kitchen Level
Main
Living Room Level
Main

Price Calculations

Current Price To SqFt
1505.03

Originating Details

Originating System Key
20260809135622322546000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 15.00 13.00 Main
Living Room Main
Dining Room 11.00 8.00 Main
Kitchen 8.00 8.00 Main
Kitchen 9.00 8.00 Main
Master Bedroom 13.60 12.00 Main
Master Bedroom 15.00 12.00
Bedroom 2 10.80 12.00 Main
IDX
Listing Office: Douglas Elliman
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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