Home/Search/701 S Olive Avenue # 506, West Palm Beach FL 33401
701 S Olive Avenue # 506, West Palm Beach FL 334011 / 67
For Sale
Condominium
Pool

$3,290,000

701 S Olive Avenue # 506, West Palm Beach FL 33401

3

Bedrooms

3.5

Bathrooms

2,186

Sq Ft

About This Property

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 Details

MLS #:B26064410
Price:$3,290,000
Status:For Sale
Days on Market:26
Date Listed:Aug 14, 2026
Bedrooms:3
Full Bathrooms:3
Half Bathrooms:1
Living Area:2186 sqft
Building Area:2186 sqft
Price per Sqft:$1,505/sqft
Year Built:2008
Property Type:Residential
Property Sub Type:Condominium

Bedrooms:3
Full Bathrooms:3
Half Bathrooms:1
Heating:Central Individual A/C
Cooling:Ceiling Fan(s), Central Individual A/C
Appliances:Electric Water Heater, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Flooring:Carpet, Tile, Wood
Interior Features:Built-in Features, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Volume Ceilings, Utility Room/Laundry
Window Features:Complete Impact Glass, Blinds, Sliding, Verticals
Security Features:Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Security System, Smoke Detector, Key Card Entry, Building Security, Doorman, Card Entry, Secured Garage/Parking, Gated with Guard, Lobby Secured, Lobby Attended, Key/Card Entry Parking, TV Camera, TV Monitor
Laundry:Laundry Room, Utility Room/Laundry
Stories:21
Entry Location:Foyer
Virtual Tour:Available

Architectural Style:One Story
Construction Materials:CBS Construction
Structure Type:Condo
Roof:Tile, Tile Roof
Exterior Features:East Of Us1, Barbeque, Built-In Grill, Courtyard, Exterior Lights, Other
Patio/Porch:Patio
Lot Features:East Of US 1, Sidewalk
Pool:Yes – Community
View:Garden
Sewer:At Site, Public Sewer, Other, Public Sanitation, Sewer
Water Source:Public
Utilities:Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available

Parking Features:2 Or More Spaces, Assigned, Guest, Parking Garage, Valet
Garage Spaces:2
Covered Spaces:2
Total Parking:2
Attached Garage:Yes

HOA:Yes
HOA Fee:$2,295/Monthly
HOA Amenities:Bike/Jog Path, Bike Storage, Barbecue, Gated, Community Room, Community Pool, Elevator(s), Exercise Room, Storage, Guard At Gate, Heated Pool, Management On Site, Pool, Private Pool, Sauna, Security Patrol, Spa/Hot Tub, Trash Chute
Community Features:Buyer Approval Required, Exercise Room, Management On Site, Mandatory Hoa, Picnic Area, Pool, Sauna, Sidewalks, Spa/Hot Tub, Street Lights, Whirlpool
Pets Allowed:Yes

Area/Region:Two City Plaza Condo
Direction Faces:East
Elementary School:Roosevelt
Middle School:Conniston
High School:Forest Hill Community
Zoning:QGD-25 (city)

Price per Sqft:$1,505/sqft
Annual Tax Amount:$12,407
Tax Year:2025
Listing Terms:All Cash, Conventional
Parcel Number:74434322410000505
Legal Description:TWO CITY PLAZA CONDO UNIT 505

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Estimated Monthly Payment

$22,707/mo

Principal & Interest$16,636
Property Tax$1,034
Insurance$2,742
HOA$2,295
Down Payment20% ($658,000)
Loan Amount$2,632,000
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Listing courtesy of Douglas Elliman. Data last updated September 9, 2026 at 06:03 PM.