LKV Realty
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$3,290,000
$7,200Reward *
701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401Listing ID B26064410

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

Active
TWO CITY PLAZA CONDO
Time on site: 3 daysLast updated: 1 day ago
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Condominium
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
4
Square Feet
Square Feet
2,186
Days on Site
Days on Site
2
Cooling
Cooling
Central Air, Ceiling Fan(s)
Heating
Heating
Central, Individual
Year Built
Year Built
2008
Stories
Stories
1
Garages
Garages
2
Parking
Parking
Assigned, Attached, Garage, Guest, Valet

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.

Property Information

Property Details

Location

Address
701 S Olive Avenue
County
Palm Beach
City
West Palm Beach
Zip Code
33401
Subdivision
TWO CITY PLAZA CONDO
High School
Forest Hill
Elementary School
Roosevelt
MLS Area
5420

Interior Features

Beds and Baths

Bedrooms
3
Main Level Bedrooms
3
Full Bathrooms
3
Half Bathrooms
1

Building

Building Information

Square Feet
2,186
Year Built
2008
Stories
1
Construction
Block
Roof
Tile
Builder Name
Kolter Homes
Condition
Resale

Financial

Special Conditions
Standard, Listed As-Is

Property Taxes

Tax Annual Amount
$12,407
Tax Year
2025

Homeowner Association

HOA Fee
$2,295
HOA Fee Frequency
Monthly
Douglas Elliman, (561) 655-8600

Market Report for 33401

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: BeachesMLS
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.

For corrections to this data please contact Brytecore MLS Support.

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