$489,000
120 S Olive Avenue 703
West Palm Beach, FL 33401
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $489,000
- Price per sq ft
- N/A
- Original price
- $499,000
- Days on market
- 98
This commercial property in ZIP 33401 is listed at $489,000. The asking price has come down 2% from its original $499,000. It has been on the market for 98 days.
Estimated monthly payment
$2,570 /mo
Principal and interest only, based on $97,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $2,217/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $489,000
- Days on Site
- 98 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 1,015 sqft
- Year Built
- 1925
- Property Type
- Commercial
- MLS #
- B26043065
- Property Tax
- $6,612 (2025)
- HOA Fees
- $2,217 / Monthly
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard / Listed As Is
About This Property
Unique Commercial Office Condo in the Historic Guaranty Building. Own a piece of West Palm Beach history with this distinctive commercial office condominium located in the iconic Guaranty Building. Designed by renowned architects Harvey and Clarke and completed in 1922, this landmark property offers a prestigious setting for your business and clients. Spanning over 1,000 square feet, the office has been thoughtfully renovated within the past five years, including the installation of a new HVAC system. The building showcases remarkable architectural details and timeless character rarely found in modern office spaces. Adding to its rich history, the Guaranty Building is rumored to house a hidden speakeasy once frequented by Al Capone during the Roaring Twenties. Situated in the heart of downtown West Palm Beach, the location offers exceptional convenience. Enjoy walking access to the waterfront, dining, shopping, entertainment, and cultural attractions. Commuters will appreciate the proximity to the Brightline, Tri-Rail, and I-95, while Palm Beach International Airport is just a short 10-minute drive away. Whether you're seeking an impressive headquarters, professional office, or investment opportunity, this exceptional property combines historic prestige, modern updates, and an unbeatable downtown location. Schedule your private showing today and experience the distinction of the Guaranty Building firsthand.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1925
- Property Condition
- Resale
- Number of Stories
- 8
- Parking
- None
- Total Sq Ft
- 1,015
- Structure Type
- Mixed Use / Office
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- CWD-CD (city)
Interior Features
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Laminate / Vinyl
Exterior Features
- Construction
- Block
- Roof
- Built Up
- Lot Features
- Central Business District / Corner Lot / City Lot
Community & HOA
- HOA Fee
- $2,217 / Monthly
- Security
- Fire Alarm / Smoke Detectors
- Utilities
- Electricity Connected / Sewer Connected / Water Connected
- Financing Terms
- Cash / Conventional
- MLS Area
- 5420
About the Area
West Palm Beach homes for sale range from $200K downtown condos to $8,000,000 Intracoastal estates, more ground than most buyers expect. Clematis Street condos start in the low $200Ks. Northwood Village bungalows trade in the $400K to $600K range. El Cid and Flamingo Park have 1920s to 1940s Mediterranean Revival homes at $500K to $1,200,000. Newer 3-bedroom homes along Forest Hill and Southern Boulevards stay under $450K. South End waterfront estates run $3,000,000 to $8,000,000. The city covers 55 square miles as Palm Beach County's seat. Palm Beach International Airport is 3 miles out. Fort Lauderdale is under 40 minutes via I-95.
- Homes for Sale
- 1,793
- Median List Price
- $325,000
- Median $/Sq Ft
- $251
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 120 S Olive Avenue 703, West Palm Beach, FL 33401?
- Use the Tour button on this listing to request a showing of 120 S Olive Avenue 703, West Palm Beach, FL 33401. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 120 S Olive Avenue 703, West Palm Beach, FL 33401 still available?
- 120 S Olive Avenue 703, West Palm Beach, FL 33401 is currently listed as Active, and has been on the market 98 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 120 S Olive Avenue 703, West Palm Beach, FL 33401?
- With 20% down ($97,800) on the $489,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 120 S Olive Avenue 703, West Palm Beach, FL 33401 is about $2,570/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 120 S Olive Avenue 703, West Palm Beach, FL 33401?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 120 S Olive Avenue 703, West Palm Beach, FL 33401. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 120 S Olive Avenue 703, West Palm Beach, FL 33401 have an HOA fee?
- Yes: 120 S Olive Avenue 703, West Palm Beach, FL 33401 carries an HOA fee of about $2,217 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 120 S Olive Avenue 703, West Palm Beach, FL 33401?
- Often, yes. The right offer on 120 S Olive Avenue 703, West Palm Beach, FL 33401 depends on how it's priced against comparable commercial sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Higher Standards Real Estate
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$489,000
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Listed by Christine Velez, Higher Standards Real Estate
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Recent Sales
Recently sold homes in ZIP 33401
These are the last 6 recorded closings in ZIP 33401, with the price each home actually sold for rather than what it was listed at. They closed at a median of $563 per square foot. The most recent closed on October 5, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$630,000
Sold · October 5, 2026
550 Okeechobee Boulevard 506
2 bed · 2 bath · 1,120 sqft · $563/sqft
$20,000 under the asking price
Sold$1,500,000
Sold · October 2, 2026
255 Evernia Street 1004
3 bed · 2 bath · 1,533 sqft · $978/sqft
$95,000 under the asking price
Sold$150,000
Sold · October 2, 2026
1700 N Congress 302
1 bed · 1 bath · 775 sqft · $194/sqft
$9,500 under the asking price
Sold$105,000
Sold · October 1, 2026
2000 N Congress Avenue 206
1 bed · 1.5 bath · 720 sqft · $146/sqft
$20,000 under the asking price
Sold$985,000
Sold · October 1, 2026
1551 N Flagler Drive Lph 11
2 bed · 2 bath · 1,625 sqft · $606/sqft
$10,000 under the asking price
Sold$1,900,000
Sold · September 30, 2026
2801 Embassy Drive
4 bed · 3.5 bath · 4,661 sqft · $408/sqft
$390,000 under the asking price
See every recorded sale in ZIP 33401 or find out what your ZIP 33401 home is worth.
