701 S Olive Avenue 505 & 506, West Palm Beach, FL 33401 (MLS# B26064410)

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

New Listing
$3,290,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,186 Status: Active
Current Price: $3,290,000 List Date: 8/14/2026 Last Modified: 8/15/2026

Overview

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

Supplements: 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. Gener ...

Listing Details MLS# B26064410

General Property Information

Number Of Units In Community
467
Total Units In Building
467
Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Building Area Main
2186
Building Area Source
Public Records
Living Area Main
2186
Living Area Source
Public Records
Adjusted Area Main
2186
Accessibility Features YN
No
Year Built
2008
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Parking Total
2
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
21
Stories
Yes
Direction Faces
East
Fireplace YN
No
Pool Private YN
No
Furnished
Partially
Washer/Dryer Allowed YN
Yes
Year Roof Installed
2008
Lot Size Area
0

Property Features

Application Information: Association Approval Required Association Amenities: Security Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Internet; Maintenance Grounds; Pest Control; Pool Service; Reserve Funds; Security; Trash; Water Dining Area: Dining/Living Room; Snack Bar/Counter Exterior Features: Barbecue; Built-in Barbecue; Courtyard; Custom Lighting; Garden; Lighting; Outdoor Kitchen; Other Flooring: Carpet; Engineered Wood; Tile Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Guest; Valet; Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Range; Freezer; Ice Maker; Microwave; Refrigerator; Washer; Water Heater; Range Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual Association Type: Condominium Fencing: Gate Heating: Central Individual Interior Features: Bedroom Layout - Split; Built-in Features; Cathedral Ceiling(s); Entrance Foyer; High Ceilings; Pantry Laundry Features: Inside; Laundry Closet Levels: One Listing Terms: Cash; Conventional Lot Features: Sidewalks Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Pet Restrictions Possible; Number Limit Possession: Close Of Escrow; Subject To Tenant Rights Restrictions: Buyer Approval Required Road Frontage Type: East of US-1 Roof: Tile Security Features: Building Security; Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System; Gated with Guard; Key Card Entry; Lobby - Attended; Secured Garage/Parking; Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Structure Type: Multi Family Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Blinds; Sliding; Storm Window(s) Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent Outdoor Living Spaces: Courtyard; Patio; Terrace Courtyard Details: Courtyard - Open Patio Details: Patio - Open Room Types: Bedroom 2; Dining Room; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
3290000
Negotiable Seller Concessions YN
No
Occupant Type
Tenant
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
701
Street Direction Prefix
S
Street Name
Olive
Street Suffix
Avenue
Unit Number
505 & 506
Municipality Type
Incorporated
Municipal Code
74
State Or Province
FL
Postal Code
33401
Postal Code +4
6195
Subdivision Name
TWO CITY PLAZA CONDO
Development Name
Two City Plaza
Area
5420
Geographic Area
PB20
Elementary School
Roosevelt
Middle Or Junior School
Conniston Community
High School
Forest Hill
Special Assessment YN
No
Parcel Number
74434322410000505
Subdivision Number
41
Zoning
QGD-25 (city)
Flood Zone
X
Directions
Okeechobee Blvd East to Left on South Olive Ave headed in the north direction. Building is on the left just passed Lakeview Ave. Complimentary Valet.
Building Name
Two City Plaza

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2295
Association Fee Frequency
Monthly
Association Membership
Mandatory
Association Reserves YN
Yes
Application Required YN
Yes
Association Name
Two City Plaza
Association Phone
561.202.1902 X 2
Association Email
admin@twocityplaza.net
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
2295
Membership Fee Required YN
No
Tax Annual Amount
12407
Tax Year
2025
Tax Legal Description
TWO CITY PLAZA CONDO UNIT 505

Status Change Information

Major Change Timestamp
2026-08-14T20:52:15Z
Major Change Type
New Listing
Status Change Date
2026-08-14

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes
Okay To Lease
Yes

Co-Ownership

Property Management YN
Yes
Property Management Name
First Service Residential
Property Management Phone
561.202.1902 x2
Property Management Email
admin@twocityplaza.net

Ceiling Fan Details

Number Of Ceiling Fans
3

Main Level Rooms

Main Level Bathrooms
4
Main Level Bedrooms
3

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
2
Leasing - Minimum Number of Days
181

Storm Protection

Impact Glass
Complete

Room Types

Bedroom 2 Level
Main
Dining Room Level
Main
Kitchen Level
Main
Living Room Level
Main
Bedroom 2
Yes
Dining Room
Yes
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
1505.03

Originating Details

Originating System Key
20260809135622322546000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Application Information

Association Approval Required
Yes

Amenities

Bike Storage
Yes
Community Room
Yes
Dog Park
Yes
Elevator(s)
Yes
Fitness Center
Yes
Heated Pool
Yes
Internet Included
Yes
Jogging Path
Yes
Management
Yes
Manager On Site
Yes
Picnic Area
Yes
Pool
Yes
Sauna
Yes
Sidewalks
Yes
Spa/Hot Tub
Yes
Storage
Yes
Street Lights
Yes
Trash Chute
Yes

Association Amenities

Security
Yes

Association Fee Includes

Cable TV
Yes
Common Areas
Yes
Elevator
Yes
Insurance
Yes
Internet
Yes
Maintenance Grounds
Yes
Pest Control
Yes
Pool Service
Yes
Reserve Funds
Yes
Security
Yes
Sewer
Yes
Trash
Yes
Water
Yes

Dining Area

Dining/Living Room
Yes
Snack Bar/Counter
Yes

Exterior Features

Barbecue
Yes
Built-in Barbecue
Yes
Courtyard
Yes
Custom Lighting
Yes
Garden
Yes
Lighting
Yes
Outdoor Kitchen
Yes
Other
Yes

Flooring

Carpet
Yes
Engineered Wood
Yes
Tile
Yes

Parking Features

Assigned
Yes
Guest
Yes
Valet
Yes
Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Special Listing Conditions

Standard
Yes

Fencing

Gate
Yes

Structure Type

Multi Family
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Sewer

Public Sewer
Yes

Special Information

Sold As-Is
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes

View

City
Yes
Garden
Yes

Heating

Central Individual
Yes

Water Access

None
Yes

Window Features

Blinds
Yes
Sliding
Yes
Storm Window(s)
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Electric Range
Yes
Freezer
Yes
Ice Maker
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Heater
Yes
Range
Yes

Construction Materials

CBS
Yes

Interior Features

Bedroom Layout - Split
Yes
Built-in Features
Yes
Cathedral Ceiling(s)
Yes
Entrance Foyer
Yes
High Ceilings
Yes
Pantry
Yes

Laundry Features

Inside
Yes
Laundry Closet
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Sidewalks
Yes

Road Frontage Type

East of US-1
Yes

Roof

Tile
Yes

Security Features

Building Security
Yes
Closed Circuit Camera(s)
Yes
Fire Alarm
Yes
Fire Sprinkler System
Yes
Gated with Guard
Yes
Key Card Entry
Yes
Lobby - Attended
Yes
Secured Garage/Parking
Yes
Security System
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Water Heater Details

Electric Water Heater
Yes

Cooling

Ceiling Fan(s)
Yes
Central Individual
Yes

Association Type

Condominium
Yes

Showing Requirements

24 Hour Notice
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes
Text Listing Agent
Yes

Main Living Area

Entry Level
Yes

Master Bedroom/Bath

2 Master Baths
Yes
2 Master Suites
Yes
Dual Sinks
Yes
Separate Shower
Yes
Separate Tub
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

Breed Restrictions
Yes
Pet Restrictions Possible
Yes
Number Limit
Yes

Restrictions

Buyer Approval Required
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Courtyard
Yes
Patio
Yes
Terrace
Yes

Courtyard Details

Courtyard - Open
Yes

Patio Details

Patio - Open
Yes

Room Information

Room Name Length Width Level
Living Room 15.00 13.00 Main
Living Room Main
Dining Room 11.00 8.00 Main
Kitchen 8.00 8.00 Main
Kitchen 9.00 8.00 Main
Master Bedroom 13.60 12.00 Main
Master Bedroom 15.00 12.00
Bedroom 2 10.80 12.00 Main
Listing Office: Douglas Elliman
Last Updated: August - 15 - 2026
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