$3,290,000
701 S Olive Avenue 505 & 506
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
- $3,290,000
- Price per sq ft
- $1,505
- Vs. nearby sales
- 123.6% above
- Days on market
- 40
This 3-bedroom condo in Two City Plaza Condo is listed at $3,290,000, or $1,505 per square foot. It has been on the market for 40 days. The 6 most recent condo sales in the closings shown below sold at a median of $673 per square foot, so the asking price is 123.6% above what comparable homes here actually sold for.
Estimated monthly payment
$17,290 /mo
Principal and interest only, based on $658,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $2,295/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $3,290,000
- Days on Site
- 40 Days
- Bedrooms
- 3
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 2,186 sqft
- Total Sq Ft
- 2,186 sqft
- Year Built
- 2008
- Property Type
- Condo
- MLS #
- B26064410
- Property Tax
- $12,407 (2025)
- HOA Fees
- $2,295 / Monthly
- Subdivision
- TWO CITY PLAZA CONDO
- Development
- Two City Plaza
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard / Listed As Is
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.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2008
- Property Condition
- Resale
- Number of Stories
- 21
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Assigned / Attached / Garage / Guest / Valet
- Direction Faces
- East
- Lot Size (Acres)
- 0
- Living Sq Ft
- 2,186
- Total Sq Ft
- 2,186
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- QGD-25 (city)
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Freezer / Disposal / Ice Maker / Microwave / Range / Refrigerator / Water Heater / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central / Individual
- Flooring
- Carpet / Engineered Hardwood / Tile
- Interior Features
- Breakfast Bar / Built In Features / Bathtub / Cathedral Ceilings / Dual Sinks / Entrance Foyer / High Ceilings / Living Dining Room / Multiple Primary Suites / Multiple En Suite Bathrooms / Pantry / Split Bedrooms / Soaking Tub / Separate Shower
- Laundry
- Inside / Laundry Closet / Washer Dryer Install Allowed
- Windows
- Blinds / Sliding / Storm Windows
- Main Level Bedrooms
- 3
- Main Level Baths
- 4
- Furnished
- Partially
Exterior Features
- Construction
- Block
- Roof
- Tile
- Exterior Features
- Built In Barbecue / Barbecue / Courtyard / Garden / Lighting / Outdoor Kitchen / Outdoor Living Area / Other / Uncovered Courtyard
- Pool Features
- Association / Heated
- Patio & Porch
- Patio / Terrace
- Waterfront Features
- None
- View
- City / Garden
Community & HOA
- HOA Fee
- $2,295 / Monthly
- HOA Name
- Two City Plaza
- HOA Includes
- Common Areas / Cable Tv / Insurance / Maintenance Grounds / Pest Control / Pools / Reserve Fund / Sewer / Security / Trash / Water / Internet
- Association Amenities
- Bike Storage / Clubhouse / Dog Park / Fitness Center / Management / Picnic Area / Pool / Sauna / Spa Hot Tub / Security / Storage / Sidewalks / Trails / Trash / Elevators
- Community Features
- Property Manager On Site / Street Lights / Sidewalks
- Security
- Security System / Building Security / Closed Circuit Cameras / Fire Alarm / Fire Sprinkler System / Gated With Guard / Secured Garage Parking / Key Card Entry / Lobby Secured / Smoke Detectors
- Utilities
- Cable Available / Electricity Available / Sewer Available / Water Available
- Pets Allowed
- Breed Restrictions / Number Limit / Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Buyer Approval Required / Ok To Lease
- MLS Area
- 5420
This home's HOA fee works out to $2,295 a month, in line with the $2,264 median across 3 homes for sale in Two City Plaza Condo. See Two City Plaza Condo HOA fees
Schools
- Elementary School
- Roosevelt
- Middle School
- Conniston Community
- High School
- Forest Hill
About the Community
Two City Plaza is a community in West Palm Beach, Palm Beach County, Florida. Active listings are priced from $699,000 to $2,100,000. Homes were built starting 2008. Pure Equity lists homes in Two City Plaza and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Under Contract
- 1
- Median List Price
- $3,290,000
- Median Sale Price (September)
- $796,500
- Median $/Sq Ft
- $1,505
- Avg Days on Market
- 60
Frequently Asked Questions
- How do I schedule a tour of 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401?
- Use the Tour button on this listing to request a showing of 701 S Olive Avenue 505 & 506, 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 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 still available?
- 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 is currently listed as Active, and has been on the market 40 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 505 & 506, West Palm Beach, FL 33401?
- With 20% down ($658,000) on the $3,290,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 is about $17,290/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 505 & 506, West Palm Beach, FL 33401?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 701 S Olive Avenue 505 & 506, 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 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 have an HOA fee?
- Yes: 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 carries an HOA fee of about $2,295 monthly (Two City Plaza). HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401?
- 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 is zoned for Roosevelt (elementary), Conniston Community (middle), Forest Hill (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401?
- Often, yes. The right offer on 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 depends on how it's priced against comparable condo 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 Douglas Elliman
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 August 30, 2026.
$3,290,000
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Listed by Christopher Cronican, Douglas Elliman
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Recent Sales
Recently sold homes in Two City Plaza Condo
These are the last 6 recorded closings in Two City Plaza Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $681 per square foot. The most recent closed on September 23, 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$1,310,500
Sold · September 23, 2026
701 S Olive Avenue 820
2 bed · 2 bath · 1,476 sqft · $888/sqft
$339,500 under the asking price
Sold$650,000
Sold · September 22, 2026
701 S Olive Avenue 320
1 bed · 1.5 bath · 977 sqft · $665/sqft
$25,000 under the asking price
Sold$796,500
Sold · September 16, 2026
701 S Olive Avenue 1506
2 bed · 2 bath · 1,170 sqft · $681/sqft
$50,500 under the asking price
Sold$750,000
Sold · August 26, 2026
701 S Olive Avenue 807
2 bed · 2 bath · 1,170 sqft · $641/sqft
Sold$730,000
Sold · August 25, 2026
701 S Olive Avenue 707
2 bed · 2 bath · 1,170 sqft · $624/sqft
$20,000 under the asking price
Sold$1,300,000
Sold · August 17, 2026
701 S Olive Avenue 823
2 bed · 2 bath · 1,476 sqft · $881/sqft
See every recorded sale in Two City Plaza Condo or find out what your Two City Plaza Condo home is worth.
