BreakThru Realty

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

$3,290,000 · Active

  • 3 beds
  • 3.5 baths
  • 2,186 sq ft
  • 86 days on market
  • Condominium
  • Built 2008
  • HOA $2,295/mo
  • 2 garage spaces
  • Palm Beach County
  • MLS# B26064410
  • Two City Plaza Condo
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About this home

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 3,186sqft 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.

Features

  • Built-in Features
  • Cathedral Ceiling(s)
  • Entrance Foyer
  • High Ceilings
  • Pantry
  • Bedroom Layout - Split
  • Built-in Barbecue
  • Barbecue
  • Courtyard
  • Garden
  • Lighting
  • Outdoor Kitchen
  • Other
  • Custom Lighting

Schools

  • Elementary: Roosevelt
  • Middle: Conniston Community
  • High: Forest Hill

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Douglas Elliman · FLBroker@elliman.com · Listing agent: Christopher Cronican

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 701 S Olive Avenue 505 & 506.

Before You Make an Offer

What to check before buying a condo

Own a Condo Like This One?

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BreakThru Realty works with hundreds of prequalified buyers searching for properties. Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

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Questions About 701 S Olive Avenue 505 & 506

How much is 701 S Olive Avenue 505 & 506?
701 S Olive Avenue 505 & 506 is listed at $3,290,000, which is about $1,505 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 701 S Olive Avenue 505 & 506?
The listing reports an association fee of $2,295 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
What are the property taxes on 701 S Olive Avenue 505 & 506?
The listing reports annual property taxes of $12,407 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 701 S Olive Avenue 505 & 506 built?
701 S Olive Avenue 505 & 506 was built in 2008 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 701 S Olive Avenue 505 & 506 been on the market?
701 S Olive Avenue 505 & 506 has been listed for 86 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 701 S Olive Avenue 505 & 506?
The MLS lists Roosevelt (elementary), Conniston Community (middle), Forest Hill (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 701 S Olive Avenue 505 & 506?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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The 2 bedroom condo at 701 S Olive Avenue 1219, West Palm Beach, FL 33401 is comparable and listed for sale at $3,950,000. Another comparable condo, 529 S Flagler Drive 24E, West Palm Beach, FL 33401, sold for $4,000,000 in November 2026. West Palm Beach neighborhoods include Ironhorse and Cypress Lakes. Nearby ZIP codes include 33405 and 33406. This property also neighbors Palm Beach, Cloud Lake, and Lake Clarke Shores. Compare it with the West Palm Beach housing market report.