Condo in 701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 for sale with MLS# B26064410
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 505 & 506, West Palm Beach, FL 33401
- Price:
- $3,290,000.00
- Original List Price:
- $3,290,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,505.03
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 14, 2026 8:52 pm
- Other Special Conditions:
- Sold As-is
- Bedrooms:
- 3
- Bathrooms Total:
- 4
- Full Bath:
- 3
- Half Bath:
- 1
- Room Type:
- Dining Room, Laundry, Bedroom 2, Kitchen, Living Room, Master Bedroom
- Master Bedroom Bath:
- 2 Master Baths, 2 Master Suites, Separate Shower, Dual Sinks, Separate Tub
- Dining Area:
- Snack Bar/counter, Dining/Living Room
- Living Area:
- 2,186 Sqft
- Built-Up Area:
- 2,186 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
- Lot Features:
- Sidewalks
- View from the Property:
- Garden, City
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fire Sprinkler System, Key Card Entry, Security System, Closed Circuit Camera(s), Gated With Guard, Building Security, Secured Garage/Parking, Fire Alarm, Building Security, Lobby - Attended
- Furnished:
- Partially
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Freezer, Electric Range, Electric Water Heater, Ice Maker, Water Heater, Range
- Interior:
- High Ceilings, Pantry, Entrance Foyer, Built-in Features, Cathedral Ceiling(s), Bedroom Layout - Split
- Exterior:
- Barbecue, Lighting, Courtyard, Other, Outdoor Kitchen, Garden, Built-in Barbecue, Custom Lighting
- Patio and Porch:
- Patio, Patio - Open, Terrace
- Windows:
- Blinds, Sliding, Storm Window(s)
- Laundry:
- Inside, Laundry Closet
- Air Conditioning
- Air Conditioning System:
- Ceiling Fan(s), Central Individual
- Heating
- Heating System:
- Central Individual
- Fence:
- Gate
- Property Entrance Faces:
- East
- Storm Protection Impact Glass:
- Complete
- Year Built:
- 2008
- Roof:
- Tile
- Year Roof Installed:
- 2008
- Levels:
- One
- Construction Materials:
- CBS
- Flooring:
- Carpet, Tile, Engineered Wood
- Number of stories:
- 21
- Structure Type:
- Multi Family
- Number of Units in the Community or Building:
- 467
- Stories:
- 1
- Road Frontage Type:
- East of US-1
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $12,407.00
- Tax Year:
- 2025
- Association Fee:
- $2,295.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- City/County
- Parking Total Spaces:
- 2
- Garage
- Garage Spaces:
- 2
- Covered Spaces:
- 2
- Attached Garage
- Parking Features:
- Garage, Assigned, Guest, Valet, Attached Garage
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source:
- Public
- Association
- Association Membership:
- Mandatory
- Application Required
- Application Fee:
- $100.00
- Application Information:
- Association Approval Required
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, Breed Restrictions, There is a limit on the number of pets allowed, Pet Restrictions Possible
- Lease Number Times per Year Allowed:
- 2
- Amenities Provided by the Homeowner's Association (HOA):
- Heated Pool, Pool, Sauna, Spa/hot Tub, Community Room, Trash Chute, Bike Storage, Management, Storage, Security, Elevator(s), Fitness Center, Picnic Area, Sidewalks, Dog Park, Manager On Site, Jogging Path, Street Lights, Internet Included
- Building Name:
- Two City Plaza
- Subdivision Name:
- TWO CITY PLAZA CONDO
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Pest Control, Security, Common Areas, Insurance, Internet, Elevator, Reserve Funds, Pool Service
- Association Name:
- Two City Plaza
- Senior Community:
- No
- Development Name:
- Two City Plaza
- Association Phone:
- 561.202.1902 X 2
- Restrictions:
- Buyer Approval Required
- Minimum Days per Lease:
- 181
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Subject To Tenant Rights, Close Of Escrow
- Tax Legal Description:
- TWO CITY PLAZA CONDO UNIT 505
- Real Estate Folio Number (Parcel Number):
- 74434322410000505
- Zoning:
- QGD-25 (city)
- Elementary School:
- Roosevelt
- High School:
- Forest Hill
- Middle Or Junior School:
- Conniston Community
- Active on the market since:
- August 14, 2026
- Listing Agreement executed on:
- August 14, 2026
- Listing Status Last Changed On:
- August 14, 2026 8:52 pm
- Photos updated on:
- August 14, 2026 9:25 pm
- Last Modified:
- August 14, 2026 9:30 pm
- Courtesy of:
- Douglas Elliman
- Attribution:
- Not provided
- Floor Number:
- 5
- Street Name:
- Olive
- Street Number:
- 701
- Unit Number:
- 505 & 506
- City:
- West Palm Beach
- State:
- Florida
- Zip Code:
- 33401
- County:
- Palm Beach
- Latitude:
- N26° 42' 23.8''
- Longitude:
- W81° 56' 50.5''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- S

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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates