701 S Olive Avenue 516, West Palm Beach, FL 33401

$1,100,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,476 Status: Closed
Current Price: $1,100,000 List Date: 8/31/2023 Last Modified: 6/30/2026

Overview

Description

Enjoy Intracoastal views and city lights from the terrace of this glamorous 2 bedroom, 2 bath plus 3rd bonus room that can function as a den/office. Soaring 14' ceilings, brand new ''top of the line appliances'' and abundant storage throughout. Conveniently located on the ''club floor'' featuring a newly designed fitness center, party/card room, and private theater. Nestled in a prime location this full service building is complete with an expansive pool deck, outdoor kitchen, and breathtaking views to the Ocean and all of Palm Beach Island. Newly designed upper hallways, assigned garage parking, storage room and pets permitted with no weight restrictions. Nearby to an array of dining, shopping, cultural activities and minutes to PBI airport.

Listing Details MLS# R10916017

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
1476
Building Area Source
Plans
Living Area Main
1476
Accessibility Features YN
Yes
Year Built
2008
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
21
Direction Faces
North
Pool Private YN
No
Spa YN
Yes
Furnished
Unfurnished

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Elevator Installed; Accessible Entrance; Accessible Hallway(s) Application Information: Personal Interview Required Association Fee Includes: Cable TV; Common Areas; Elevator; HVAC Maintenance; Insurance; Maintenance Structure; Pest Control; Recreation Facility; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen; Kitchen Dining Electric: Three Phase Flooring: Wood; Other Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Under Building; Attached Garage; Garage Property Condition: Resale Spa Features: Gunite Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Oven; Refrigerator; Washer; Water Heater; Cooktop Water Heater Details: Electric Water Heater Architectural Style: Colonial Construction Materials: Concrete Cooling: Central Individual Association Type: Condominium Heating: Central Individual; Electric Interior Features: Bedroom Layout - Split; Built-in Features; Cathedral Ceiling(s); Closet Cabinetry; Elevator; Entrance Foyer; High Ceilings; Kitchen Island; Roman Tub; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions Other Leasing Restrictions: Tenant Approval Security Features: Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security Patrol; Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Tax Information: County Only; Homestead Exemption Unit Description: Interior Hallway Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal; Lake Waterfront Features: Intracoastal Window Features: Sliding Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Text Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
1249000

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
516
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
5440
Geographic Area
PB20
Special Assessment YN
Yes
Parcel Number
74434322410000516
Zoning
QGD-25
Directions
Okeechobee Blvd east. Left on S Olive Avenue.
Building Name
701

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
1663.32
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
9326.98
Tax Year
2022
Tax Legal Description
TWO CITY PLAZA CONDO UNIT 516

Status Change Information

Major Change Timestamp
2024-03-19T20:08:05Z
Major Change Type
Status Change
Status Change Date
2024-03-19
Under Contract Date
2024-02-22
Close Date
2024-03-19
Close Price
1100000
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

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
745.25
Original List Price To Close Price
1.13

Originating Details

Originating System Key
20230831214341662442000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 1.00 1.00 Main
Kitchen 1.00 1.00 Main
Master Bedroom 1.00 1.00 Main
Laundry

Documents

IDX
Listing Office: Sotheby's Intl. Realty, Inc.
Source MLS Verified
Last Updated: June - 30 - 2026
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