
$3,290,000
701 S Olive Avenue # 506, West Palm Beach FL 33401
West Palm Beach, FL, 33401
- Year Built
- 2008
- Garage
- 2 spaces
- Property Type
- Condominium
- HOA Fee
- $2,295/mo
- Annual Taxes
- $12,407/yr
- MLS #
- B26064410
Area profile — West Palm Beach
- Flood zone
- X
- To the beach
- 22 minPalm Beach Municipal Beach
- To the airport
- 19 minPalm Beach International Airport (PBI)
- Typical commute
- 23 min
Area-level data from FEMA and public sources. Confirm the exact parcel with your agent and on the FEMA flood map.
Market Position
Using 199 of 444 matching comparables
Lower percentile = priced below more of the sampled comparison set.
- List price
- $3,290,000 · area median: $950,000
- Days on market
- 0 · area median: 112
Priced below 8% of 199 comparable listings · area median: $555/SF
Computed from active comparable listings of the same type and similar size within about 10 miles.
Calculated: Aug 14, 2026 · Newest source update: Aug 14, 2026
Listing courtesy of Douglas Elliman · 561-655-8600
Listed by Christopher Cronican
Last updated: Aug 14, 2026
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 3,686sqft 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.
Features
Interior
Exterior
Flooring
Heating
Cooling
Parking
View
Laundry
Appliances
Pool
Building Amenities
Community
Security
Outdoor
Style
Pets
est.$19,965/mo
Est. payment based on a $3,290,000 home price.
Estimate includes principal & interest, property tax and HOA where known — it excludes insurance, PMI, flood/wind, CDD and special assessments. Listed tax reflects the current owner's bill; Florida reassesses at market value after a sale, so a buyer's tax is often higher. For information only; actual amounts vary.
Similar Properties
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