701 S Olive Avenue 509, West Palm Beach, FL 33401 (MLS# R10929781)

701 S Olive Avenue 509, West Palm Beach, FL 33401

$1,400,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,508 Status: Closed
Current Price: $1,400,000 List Date: 10/23/2023 Last Modified: 6/30/2026

Overview

Description

Introducing a truly unique gem in the heart of downtown West Palm Beach in Two-City Plaza. The centerpiece of this residence is its expansive private terrace, seamlessly blending indoor and outdoor living. With a serene ambiance and the perfect spot for relaxation or entertaining, this terrace is a true oasis within the city. Upon entering this rare garden residence, you will be captivated by the soaring 14' ceilings, crown molding and detailing throughout this spacious home. The kitchen has been fully renovated, featuring beautiful quartzite countertops, a quartz stone farm sink, custom cabinetry and appliances. Whether you're an aspiring chef or a culinary enthusiast, this kitchen is a dream come true. The primary bedroom is a sanctuary of comfort and style, complete with an ensuite...

Supplements: bathroom and its very own private balcony looking out to the Palm Beach bridge. The spacious fitted closet ensures that you have ample storage for your wardrobe and accessories. The guest bedroom offers versatility as it can easily transform into an office or a cozy retreat for guests. 1-car garage parking and separate storage included. Amenities i ...

Listing Details MLS# R10929781

General Property Information

Number Of Units In Community
467
Total Units In Building
467
Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1508
Building Area Source
Public Records
Living Area Main
1508
Year Built
2008
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
21
Direction Faces
Southwest
Pool Private YN
No
Builder Model
''C1''
Furnished
Unfurnished

Property Features

Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Elevator; Insurance; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen; Snack Bar/Counter Electric: Three Phase Flooring: Laminate; Marble Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Guest; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual Association Type: Homeowner Association Fencing: Fenced Heating: Central Individual Interior Features: Bedroom Layout - Stacked; Built-in Features; Cathedral Ceiling(s); Closet Cabinetry; Custom Mirrors; Entrance Foyer; High Ceilings; Pantry; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Subject To Tenant Rights Restrictions: Buyer Approval Required Other Leasing Restrictions: Tenant Approval Road Frontage Type: East of US-1 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 Utilities: Cable Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Blinds; Drapes; Sliding; Storm Window(s) Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Text Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Open Patio Details: Patio - Open Contingencies: Other Room Types: Bedroom 2; Dining Room; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
1575000

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
509
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
Special Assessment YN
No
Parcel Number
74434322410000509
Zoning
QGD-25
Directions
I-95 East on Okeechobee, North on Olive Ave, 2nd block on left, directly across from Hyatt Hotel. Complimentary valet parking available.

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
1477.84
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
561.202.1902 x2
Membership Fee Required YN
No
Tax Annual Amount
12476.2
Tax Year
2022
Tax Legal Description
TWO CITY PLAZA CONDO UNIT 509

Status Change Information

Major Change Timestamp
2024-06-25T20:58:14Z
Major Change Type
Status Change
Status Change Date
2024-06-25
Under Contract Date
2024-04-05
Close Date
2024-06-25
Close Price
1400000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Entry Information

Entry Location
Entry Level Living Area Y

Leasing Permitted Details

Leasing Permitted YN
Yes

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Storm Protection

Impact Glass
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

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

Price Calculations

Current Price To SqFt
928.38
Original List Price To Close Price
1.12

Originating Details

Originating System Key
20231012185108669601000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 18.00 17.00 Main
Kitchen 10.80 9.40 Main
Master Bedroom 15.00 12.40 Main
Dining Room 11.00 10.80 Main
Bedroom 2 10.80 10.60 Main
Laundry
IDX
Listing Office: Douglas Elliman
Source MLS Verified
Last Updated: June - 30 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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