$1,500,000
Sold · July 22, 2025
701 S Olive Avenue 118
West Palm Beach, FL
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $1,500,000
- Vs. list price
- 11.5% under
- Days on market
- 52
- Price per sq ft
- N/A
This commercial property sold for $1,500,000 on July 22, 2025. That was 11.5% below its final list price of $1,695,000. It spent 52 days on the market.
Listing Snapshot
- Sold Price
- $1,500,000
- Sold On
- July 22, 2025
- Days on Site
- 52 Days
- Bedrooms
- 0
- Total Baths
- 1
- Total Sq Ft
- 1,390 sqft
- Year Built
- 2008
- Property Type
- Commercial
- MLS #
- R11089916
- Property Tax
- $14,835 (2024)
- HOA Fees
- $3,792 / Annually
- County
- Palm Beach
- Status
- Sold
- Special Conditions
- Corporate Listing
About This Property
Welcome to this exceptional ground floor unit in Two City Plaza, offering the perfect blend of sophistication and versatility for both commercial and residential purposes. This pristine condominium features both private street and lobby entrances, making it an ideal space for a wide range of uses. The first floor includes a welcoming entry foyer, four well-appointed offices, a fully equipped kitchen, and a half-bath with handicap accessibility. The Second floor loft space boasts a wet bar and was previously used as a conference room. There is also potential to add more offices on the second level to suit your needs. The unit is equipped with independent central heating and cooling systems for personalized comfort and also includes four convenient ground-level parking spaces.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 2008
- Property Condition
- Resale
- Lot Size (Acres)
- 0
- Total Sq Ft
- 1,390
- Structure Type
- Office
- Water Source
- Public
- Zoning
- QGD-25
Interior Features
- Cooling
- Central Air
- Heating
- Central / Individual
- Flooring
- Carpet / Marble / Tile
Exterior Features
- Construction
- Block
- Roof
- Other
- Pool Features
- Community
- Lot Features
- City Lot
Community & HOA
- HOA Fee
- $3,792 / Annually
- Community Features
- Pool
- Security
- Closed Circuit Cameras / Fire Alarm / Fire Sprinkler System / Key Card Entry / Lobby Secured / Smoke Detectors / Security Guard
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Owner May Carry
- MLS Area
- 5420
Features & Amenities
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
- 1,797
- Median List Price
- $324,900
- Median $/Sq Ft
- $249
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 701 S Olive Avenue 118, West Palm Beach, FL?
- Use the Tour button on this listing to request a showing of 701 S Olive Avenue 118, West Palm Beach, FL. 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 701 S Olive Avenue 118, West Palm Beach, FL still available?
- 701 S Olive Avenue 118, West Palm Beach, FL is currently listed as Sold, and has been on the market 52 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 701 S Olive Avenue 118, West Palm Beach, FL?
- With 20% down ($339,000) on the $1,695,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 701 S Olive Avenue 118, West Palm Beach, FL is about $8,908/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 701 S Olive Avenue 118, West Palm Beach, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 701 S Olive Avenue 118, West Palm Beach, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 701 S Olive Avenue 118, West Palm Beach, FL have an HOA fee?
- Yes: 701 S Olive Avenue 118, West Palm Beach, FL carries an HOA fee of about $3,792 annually. 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 701 S Olive Avenue 118, West Palm Beach, FL?
- Often, yes. The right offer on 701 S Olive Avenue 118, West Palm Beach, FL 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 Regency Realty Services
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 July 1, 2026.
$1,500,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by CLARENCE BARTLETT, Regency Realty Services
Map & Location
Featured Communities
Cities in Palm Beach County
Zip Codes in Palm Beach County
Property Types
