701 S Olive AVE #505 & 506, West Palm Beach, FL 33401
701 S Olive AVE #505 & 506, West Palm Beach, FL 33401
701 S Olive AVE #505 & 506, West Palm Beach, FL 33401
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Milton Knight

Milton Knight

+1(786) 917-3337
$3,290,000
Est. payment /mo
3 Beds
4 Baths
2,186 SqFt
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Key Details

Property Type Other Types

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 2,186 sqft

Price per Sqft $1,505

Subdivision Two City Plaza Condo

MLS Listing ID B26064410

Bedrooms 3

Full Baths 3

Half Baths 1

Construction Status Resale

HOA Fees $2,295/mo

HOA Y/N Yes

Total Fin. Sqft 2186

Year Built 2008

Annual Tax Amount $12,407

Tax Year 2025

Property Sub-Type Condominium

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.

Location

State FL

County Palm Beach

Community Property Manager On-Site, Street Lights, Sidewalks

Area 5420

Zoning QGD-25 (city)

Direction East

Rooms

Main Level Bedrooms 3

Interior

Interior Features Breakfast Bar, Built-in Features, Bathtub, Cathedral Ceiling(s), Dual Sinks, Entrance Foyer, High Ceilings, Living/Dining Room, Multiple Primary Suites, Multiple En Suite Bathrooms, Pantry, Split Bedrooms, Soaking Tub, Separate Shower

Heating Central, Individual

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Engineered Hardwood, Tile

Furnishings Partially

Fireplace No

Window Features Blinds,Sliding,Storm Window(s)

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

Laundry Inside, Laundry Closet, Washer Dryer Install Allowed

Exterior

Exterior Feature Built-in Barbecue, Barbecue, Courtyard, Garden, Lighting, Outdoor Kitchen, Outdoor Living Area, Other, Uncovered Courtyard

Parking Features Assigned, Attached, Garage, Guest, Valet

Garage Spaces 2.0

Fence Gate

Pool Association, Heated

Community Features Property Manager On-Site, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Amenities Available Bike Storage, Clubhouse, Dog Park, Fitness Center, Management, Picnic Area, Pool, Sauna, Spa/Hot Tub, Security, Storage, Sidewalks, Trail(s), Trash, Elevator(s)

Waterfront Description None

View Y/N Yes

Water Access Desc Public

View City, Garden

Roof Type Tile

Accessibility None

Porch Patio, Terrace

Attached Garage true

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Dwelling Type Multi Family

Faces East

Story 21

Entry Level One

Builder Name Kolter Homes

Sewer Public Sewer

Water Public

Level or Stories One

Unit Floor 5

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Roosevelt

Middle Schools Conniston Community

High Schools Forest Hill

Others

Pets Allowed Yes

HOA Name Two City Plaza

HOA Fee Include Common Areas,Cable TV,Insurance,Maintenance Grounds,Pest Control,Pool(s),Reserve Fund,Sewer,Security,Trash,Water,Internet

Senior Community No

Restrictions Buyer Approval Required

Tax ID 74434322410000505

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

Acceptable Financing Cash, Conventional

Membership Fee Required false

Listing Terms Cash, Conventional

Special Listing Condition Standard, Listed As-Is

Pets Allowed Breed Restrictions, Number Limit, Pet Restrictions, Yes

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BeachesMLS, Inc. (FLR) IDX
Listed by Christopher Cronican Douglas Elliman

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Milton Knight

Milton Knight

+1(786) 917-3337

Principal Real Estate Broker | License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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