701 S Olive Avenue 2012, West Palm Beach, FL 33401

$5,295,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,849 Status: Closed
Current Price: $5,295,000 List Date: 10/31/2025 Last Modified: 8/17/2026

Overview

Description

Breathtaking views high above downtown West Palm Beach. This 20th floor 3BR+ penthouse captures sweeping views of the Intracoastal, Palm Beach & the Atlantic Ocean. Thoughtfully designed for comfortable & sophisticated daily living & entertaining over expansive water views. Enjoy a graciously scaled open living room w/ a custom bar, 11' floor-to-ceiling glass & an open chef's kitchen. PH includes 2 premium parking spaces w/EV charging & climate-controlled storage w/electric & wine coolers. Building amenities include a rooftop pool deck w/ grills, dog park, & TVs, 24 hr security, plus a 5th floor gym, club room, theatre, & spa w/ steam & dry saunas. No upcoming assessments. Seller open to selling w/ furniture. Moments away from downtown WPB & PB, PBI Airport, & world-class dining & retail.

Listing Details MLS# R11136803

General Property Information

Number Of Units In Community
467
Total Units In Building
467
Unit Floor #
20
Property Sub Type
Condominium
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Building Area Main
2849
Building Area Source
Plans
Living Area Main
2734
Accessibility Features YN
Yes
Year Built
2008
Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
21
Direction Faces
East
Pool Private YN
No
Furnished
Unfurnished

Property Features

Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Maintenance Grounds; Pest Control; Security; Trash Dining Area: Dining/Living Room; Eat-In Kitchen Electric: Three Phase Flooring: Carpet; Marble Leasing Permitted Details: Okay To Lease Parking Features: Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Oven; Refrigerator; Washer; Water Heater; Cooktop Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central Interior Features: Bar; Built-in Features; Closet Cabinetry; Custom Mirrors; Entrance Foyer; High Ceilings; Kitchen Island; Storage; Walk-In Closet(s) Laundry Features: Inside; Laundry Closet; Laundry Tub Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Buyer Approval Required Security Features: Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System; Gated with Guard; Key Card Entry; Lobby - Attended; Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Unit Description: Corner/End Unit; Penthouse Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Water View: Intracoastal; Ocean Window Features: Blinds; Drapes; Storm Window(s) Showing Requirements: Text Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: None Room Types: Den; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
5500000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
701
Street Direction Prefix
S
Street Name
Olive
Street Suffix
Avenue
Unit Number
2012
City Name
West Palm Beach
State Or Province
FL
Postal Code
33401
Postal Zip
33401
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
74434322410002012
Zoning
QGD-25
Directions
Take Okeechobee Blvd East from I-95, turn north on Olive Ave, and find us on the second block on the left, across from the Hyatt Hotel. Complimentary valet parking provided.

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2688
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
38328
Tax Year
2025
Tax Legal Description
TWO CITY PLAZA CONDO UNIT 2012

Status Change Information

Major Change Timestamp
2026-01-16T17:17:17Z
Major Change Type
Status Change
Status Change Date
2026-01-16
Under Contract Date
2025-12-23
Close Date
2026-01-16
Close Price
5295000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Storm Protection

Impact Glass
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
1936.72
Original List Price To Close Price
1.03

Originating Details

Originating System Key
20251013172732875601000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 40.00 18.00 Main
Kitchen 18.00 10.00 Main
Master Bedroom 17.00 12.00 Main
Laundry
Den
IDX
Listing Office: The Corcoran Group
Source MLS Verified
Last Updated: August - 17 - 2026
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