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

Residential in West Palm Beach

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.

Property Highlights

Roof

  • Tile

View

  • City
  • Garden

Sewer

  • Public Sewer

Levels

  • One

Cooling

  • Ceiling Fan(s)
  • Central Individual

Fencing

  • Gate

Heating

  • Central Individual

Flooring

  • Carpet
  • Engineered Wood
  • Tile

Amenities

  • Bike Storage
  • Community Room
  • Dog Park
  • Elevator(s)
  • Fitness Center
  • Heated Pool
  • Internet Included
  • Jogging Path
  • Management
  • Manager On Site
  • Picnic Area
  • Pool
  • Sauna
  • Sidewalks
  • SpaHot Tub
  • Storage
  • Street Lights
  • Trash Chute

Utilities

  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available

Appliances

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

Possession

  • Close Of Escrow
  • Subject To Tenant Rights

Room Types

  • Bedroom
  • Dining Room
  • Kitchen
  • Laundry
  • Living Room
  • Master Bedroom

Dining Area

  • DiningLiving Room
  • Snack BarCounter

LotFeatures

  • Sidewalks

WaterSource

  • Public

Lot Features

  • Sidewalks

Pets Allowed

  • Breed Restrictions
  • Pet Restrictions Possible
  • Number Limit

Restrictions

  • Buyer Approval Required

Water Access

  • None

Water Source

  • Public

Listing Terms

  • Cash
  • Conventional

Patio Details

  • Patio - Open

Structure Type

  • Multi Family

ParkingFeatures

  • Assigned
  • Attached Garage
  • Garage
  • Guest
  • Valet

Pets Allowed YN

  • Yes

Tax Information

  • CityCounty

Window Features

  • Blinds
  • Sliding
  • Storm Window(s)

Association Type

  • Condominium

ExteriorFeatures

  • Courtyard
  • Barbecue
  • Built-in Barbecue
  • Custom Lighting
  • Garden
  • Lighting
  • Outdoor Kitchen
  • Other

InteriorFeatures

  • Bedroom Layout - Split
  • Built-in Features
  • Cathedral Ceiling(s)
  • Entrance Foyer
  • High Ceilings
  • Pantry

Laundry Features

  • Inside
  • Laundry Closet

Main Living Area

  • Entry Level

Parking Features

  • Assigned
  • Guest
  • Valet
  • Attached Garage
  • Garage

SecurityFeatures

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

Courtyard Details

  • Courtyard - Open

Exterior Features

  • Barbecue
  • Built-in Barbecue
  • Courtyard
  • Custom Lighting
  • Garden
  • Lighting
  • Outdoor Kitchen
  • Other

Interior Features

  • Bedroom Layout - Split
  • Built-in Features
  • Cathedral Ceiling(s)
  • Entrance Foyer
  • High Ceilings
  • Pantry

Security Features

  • Building Security
  • Closed Circuit Camera(s)
  • Fire Alarm
  • Fire Sprinkler System
  • Gated with Guard
  • Key Card Entry
  • Lobby - Attended
  • Secured GarageParking
  • Security System
  • Smoke Detector(s)

Master BedroomBath

  • 2 Master Baths
  • 2 Master Suites
  • Dual Sinks
  • Separate Shower
  • Separate Tub

Property Condition

  • Resale

Road Frontage Type

  • East of US-

WaterfrontFeatures

  • None

Special Information

  • Sold As-Is

AssociationAmenities

  • Security
  • Pool
  • Bike Storage
  • Community Room
  • Dog Park
  • Elevator(s)
  • Fitness Center
  • Heated Pool
  • Internet Included
  • Jogging Path
  • Management
  • Manager On Site
  • Picnic Area
  • Sauna
  • Sidewalks
  • Spa/Hot Tub
  • Storage
  • Street Lights
  • Trash Chute

Showing Requirements

  • 24 Hour Notice
  • Call Listing Agent
  • Listing Agent Must Accompany
  • Occupied
  • Text Listing Agent

Water Heater Details

  • Electric Water Heater

Association Amenities

  • Security

Outdoor Living Spaces

  • Courtyard
  • Patio
  • Terrace

PatioAndPorchFeatures

  • Patio - Open
  • Terrace
  • Patio

Construction Materials

  • CBS

Application Information

  • Association Approval Required

Association Fee Includes

  • Cable TV
  • Common Areas
  • Elevator
  • Insurance
  • Internet
  • Maintenance Grounds
  • Pest Control
  • Pool Service
  • Reserve Funds
  • Security
  • Sewer
  • Trash
  • Water

SpecialListingConditions

  • Standard

Leasing Permitted Details

  • Okay To Lease

Special Listing Conditions

  • Standard

Property Details

Property TypeResidential
StyleCondominium
Year Built2008
CountyPalm Beach
SubdivisionTWO CITY PLAZA CONDO
Building / ComplexTwo City Plaza
Living Area2,186 sq ft
Bedrooms3
Baths4
Half Baths1
Unit Number505 & 506
HOA Fee$2,295 / Monthly
HOA IncludesPool Service, Cable TV, Common Areas, Elevator, Insurance, Internet, Maintenance Grounds, Pest Control, Reserve Funds, Security, Sewer, Trash, Water
Annual Tax$12,407 (2025)
Special AssessmentNo
Pets AllowedBreed Restrictions, Pet Restrictions Possible, Number Limit, Yes
Breed RestrictionsYes
Listing OfficeDouglas Elliman
Listing AgentChristopher Cronican
Office Phone561-655-8600

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