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701 S Olive Avenue, Unit 505 & 506, West Palm Beach, FL 33401

$3,290,000
  • 701 S Olive Avenue, Unit 505 & 506, West Palm Beach, FL 33401 Main Photo

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New to the Market Active
BEDS3 BATHS3 full 1 partial SQUARE FEET2,186 MLS#B26064410
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONTWO CITY PLAZA CONDO

Property Description

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.

701 S Olive Avenue, Unit 505 & 506 | MLS# B26064410

This condo located at 701 S Olive Avenue, Unit 505 & 506, West Palm Beach, FL 33401 is currently listed for sale with an asking price of $3,290,000. This property was built in 2008 and has 3 bedrooms and 3 full and 1 partial baths with 2186 sq. ft. S Olive Avenue, Unit 505 & 506 is located in the TWO CITY PLAZA CONDO subdivision. Search TWO CITY PLAZA CONDO real estate on www.realty100.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Ceiling Fan(s), Central Individual
Garage: 2 car attached
Heating: Central Individual
Roof Type: Tile
Stories: 1.0
Taxes: $12,407
Year Built: 2008

Amenities

Built-in Features
Cathedral Ceiling(s)
Entrance Foyer
High Ceilings
Pantry
Bedroom Layout - Split
Built-in Barbecue
Barbecue
Courtyard
Garden
Lighting
Outdoor Kitchen
Other
Custom Lighting

Feature Descriptions

Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer, Range, Freezer
Association: Two City Plaza
Association Amenities: Dog Park, Elevator(s), Fitness Center, Jogging Path, Management, Picnic Area, Pool, Sauna, Spa/Hot Tub, Storage, Manager On Site, Trash Chute, Bike Storage, Community Room, Heated Pool, Internet Included, Sidewalks, Street Lights, Security
Association Fee Includes: Cable TV, Insurance, Internet, Maintenance Grounds, Pest Control, Security, Sewer, Trash, Water, Common Areas
Exterior: CBS
Fencing: Gate
Flooring: Carpet, Tile, Engineered Wood
Furnished: Partially
HOA Fee: $2295/ Monthly
Hot Tub: Yes
Laundry: Laundry Closet, Inside
Lot: Sidewalks
Lot: Sidewalks
Parcel#: 74434322410000505
Parking: Assigned, Guest, Valet, Garage, Attached Garage
Parking Notes: Assigned, Guest, Valet, Garage, Attached Garage
Patio/Porch: Patio - Open, Patio, Terrace
Pets Allowed: Yes, Breed Restrictions, Number Limit, Pet Restrictions Possible
Restrictions: Buyer Approval Required
Sauna: Yes
Security: Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Secured
Sewer: Public Sewer
Special View Info: City, Garden
SQFT Living: 2186
Structure Type: Multi Family
Total Rooms: 8
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Water: Public
Waterfront Features: None
Windows: Blinds, Storm Window(s), Sliding

Room Sizes

Living Room: 13 X 15 Level Main
Living Room: Level - Mainain
Dining Room: 8 X 11 Level Main
Kitchen: 8 X 8 Level Main
Kitchen: 8 X 9 Level Main
Primary Bedroom: 12 X 13.6 Level Main
Primary Bedroom: 12 X 15
Bedroom 2: 12 X 10.8 Level Main

Local Schools

High School: Forest Hill
Middle School: Conniston Community
Elementary School: Roosevelt

Listed By / Shown By

Listed By

Agency Name: Douglas Elliman
Agency Phone: 561-655-8600

Shown By

Agency Title: Realty 100
Agency Phone: 954-859-2100

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Estimated Payment

$ 9,315.61 per month $7,322.11 Principal & Interest $1,033.92 Property Tax $959.58 Homeowner's Insurance

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