Premier Brokers International
701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401
ActiveBeachesMLS
ActiveMLS® B26064410
$3,290,000

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

Beds
3
Baths
4
Sqft
2,186
Est. payment$22,045/mo
Home type
Condominium
Year built
2008
Lot size
0 sqft
Price / sqft
$1,505
HOA
$2,295/mo
Community
TWO CITY PLAZA CONDO

Property 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 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.

Listing activity

Days on market
71
Listed
Aug 14, 2026
MLS listing updated
Sep 9, 2026
Feed last checked
10 minutes ago

Listed by Christopher Cronican · Douglas Elliman

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
3
Bathrooms
4
Bathrooms (decimal)
3.5
Full bathrooms
3
Half bathrooms
1
Main-level bedrooms
3
Main-level bathrooms
4

Rooms & features

Rooms
8
Interior features
Bedroom Layout - Split, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, High Ceilings, Pantry
Flooring
Carpet, Engineered Wood, Tile
Appliances
Electric Water Heater, Range, Freezer, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer, Water Heater
Laundry
Inside, Laundry Closet
Fireplace
No
Furnished
Partially
Window features
Blinds, Sliding, Storm Window(s)

Heating & cooling

Heating
Central Individual
Cooling
Ceiling Fan(s), Central Individual
Property

Parking

Garage spaces
2
Garage
Yes
Carport
No
Parking spaces
2
Covered spaces
2
Parking features
Assigned, Attached Garage, Garage, Guest, Valet
Attached garage
Yes

Exterior

Stories
21
Building area
2,186 sqft
Patio & porch
Patio - Open, Terrace, Patio
Exterior features
Courtyard, Barbecue, Built-in Barbecue, Custom Lighting, Garden, Lighting, Outdoor Kitchen, Other
Fencing
Gate
Pool
No
View
City, Garden
Waterfront
None
Waterfront property
No

Lot

Lot size
0 sqft
Lot size (acres)
0 acres
Lot features
Sidewalks
Zoning
QGD-25 (city)
Road frontage
East of US-1
Construction

Type & style

Home type
Condominium
Structure type
Multi Family
Year built
2008
New construction
No

Materials

Construction
CBS
Roof
Tile
Property condition
Resale
Levels
One
Faces
East
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA

Community

Subdivision
TWO CITY PLAZA CONDO
MLS area
5420
MLS subarea
PB20
Security
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)
Pets allowed
Breed Restrictions, Pet Restrictions Possible, Number Limit, Yes
55+ community
No

Association

Has association
Yes
Association fee
$2,295 monthly
Estimated monthly dues
$2,295
Amenities
Security, Pool, Bike Storage, Community Room, Dog Park, Elevator(s), Fitness Center, Heated Pool, Internet Included, Jogging Path, Management, Manager On Site, Picnic Area, Sauna, Sidewalks, Spa/Hot Tub, Storage, Street Lights, Trash Chute
Services included
Pool Service, Cable TV, Common Areas, Elevator, Insurance, Internet, Maintenance Grounds, Pest Control, Reserve Funds, Security, Sewer, Trash, Water
Association name
Two City Plaza
Association phone
+5 612-021-9022
Lease details

Not reported by the listing source.

Location

Area details

City
West Palm Beach
County
Palm Beach
ZIP code
33401
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
B26064410
Possession
Close Of Escrow, Subject To Tenant Rights
Original list price
$3,290,000
Parcel number
74434322410000505
Annual property tax
$12,407
Tax year
2025
Tax legal description
TWO CITY PLAZA CONDO UNIT 505
Special listing conditions
Standard
Additional MLS details

Reported by the listing source

Association Amenities
Security, Pool, Bike Storage, Community Room, Dog Park, Elevator(s), Fitness Center, Heated Pool, Internet Included, Jogging Path, Management, Manager On Site, Picnic Area, Sauna, Sidewalks, Spa/Hot Tub, Storage, Street Lights, Trash Chute
Association Fee Frequency
Monthly
Association Fee Includes
Pool Service, Cable TV, Common Areas, Elevator, Insurance, Internet, Maintenance Grounds, Pest Control, Reserve Funds, Security, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
3.5
Bathrooms Total Integer
4
Building Area Total
2186
Construction Materials
CBS
County Or Parish
Palm Beach
Days On Market
71
Direction Faces
East
Elementary School
Roosevelt
High School
Forest Hill
Laundry Features
Inside, Laundry Closet
List Price
3290000
Listing Contract Date
2026-08-14
Living Area
2186
Lot Size Acres
0
Lot Size Area
0
MLSArea Major
5420
MLSArea Minor
PB20
Main Level Bathrooms
4
Main Level Bedrooms
3
Middle Or Junior School
Conniston Community
Mls Status
Active
On Market Date
2026-08-14
Parking Total
2
Patio And Porch Features
Patio - Open, Terrace, Patio
Photos Count
67
Postal Code
33401
Property Sub Type
Condominium
Property Type
Residential
Road Frontage Type
East of US-1
Rooms Total
8
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)
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-08-14T20:52:15Z
Stories Total
21
Subdivision Name
TWO CITY PLAZA CONDO
Water Source
Public
Waterfront Features
None
Tax Annual Amount
12407
Bathrooms Full
3
Pool Private
No
Bedrooms Total
3
Bathrooms Half
1
Financial Information: Estimated Monthly Assoc Recurring Fee
2295

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Aug 14, 2026ListedBeachesMLS$3,290,000$1,505/sqft

Public tax history

YearProperty taxesAssessment
2025$12,407—

Payment calculator

Estimated monthly payment$22,045/moIllustrative estimate, not a loan offer.
Principal & interest
$17,071
Property taxes
$1,034
Insurance
$1,645
Association dues
$2,295

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

TWO CITY PLAZA CONDO

West Palm Beach · Palm Beach County · 33401

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

RooseveltElementary
—
Conniston CommunityMiddle
—
Forest HillHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
BeachesMLS

BeachesMLS · Listing courtesy of Douglas Elliman. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.