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.

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

Price
Price:
$3,290,000.00
Original List Price:
$3,290,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,505.03
Property Status and Type
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
Rooms Distribution
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
Measures
Living Area:
2,186 Sqft
Built-Up Area:
2,186 Sqft
Building Area Source:
Public Records
Living Area Source:
Public Records
Lot Features:
Sidewalks
Property Features
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
Construction
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
Taxes and Expenses
Tax Annual Amount:
$12,407.00
Tax Year:
2025
Association Fee:
$2,295.00
Association Fee Frequency:
Monthly
Property Tax Details:
City/County
Parking
Parking Total Spaces:
2
Garage
Garage Spaces:
2
Covered Spaces:
2
Attached Garage
Parking Features:
Garage, Assigned, Guest, Valet, Attached Garage
Utilities
Sewer:
Public Sewer
Utilities Available:
Cable Available, Electricity Available, Sewer Available, Water Available
Water Source:
Public
Community
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
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Subject To Tenant Rights, Close Of Escrow
Zoning and Legal
Tax Legal Description:
TWO CITY PLAZA CONDO UNIT 505
Real Estate Folio Number (Parcel Number):
74434322410000505
Zoning:
QGD-25 (city)
Public Schools Assigned
Elementary School:
Roosevelt
High School:
Forest Hill
Middle Or Junior School:
Conniston Community
Listing History
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
Additional Information
Courtesy of:
Douglas Elliman
Attribution:
Not provided
Location
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
Property Map

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Neighborhood Stats

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

Median Household Income $60,942
Median Home Value $430,900
Median Rent $1,774/mo
Median Age 38
Population 31,964
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Association of REALTORS®
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