


701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401
- Beds
- 3
- Baths
- 4
- Sqft
- 2,186
- 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
Price history
| Date | Event | Price |
|---|---|---|
| Aug 14, 2026 | ListedBeachesMLS | $3,290,000$1,505/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $12,407 | — |
Payment calculator
- Principal & interest
- $17,071
- Property taxes
- $1,034
- Insurance
- $1,645
- Association dues
- $2,295
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Neighborhood
Area
TWO CITY PLAZA CONDOWest Palm Beach · Palm Beach County · 33401
Climate risk
—No licensed climate-risk source is connected.
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