Two City Plaza, 701 S Olive Ave #422

$350K5.1%
$332,000
1
Beds
11/2
Baths
1,234
SqFt
Status
Sold - Nov 09, 2020
Parking
1
Size
1,234 SqFt (115 m2)
Price
$269/SqFt ($2,896/m2)
Type
Condo
Built
2008
HOA
$761/MO
MLS Number
R10603848
View
City,Intercoastal
On Site
2394 Days
Updated
59 Days ago
Page Views
0
Soaring 14-foot ceilings set apart this elegant and spacious 1,234 sq/ft 1 bed 1.5 bath luxury condominium in the heart of downtown West Palm Beach at upscale Two City Plaza. Upon entering this private space at the NW corner of the building, you will appreciate the some of the features that make it unique. A formal entrance with foyer and a long hallway separates the main living areas. After entering you pass the laundry room and half bath as you enter the kitchen and great room which includes a formal dining and living room. This great room area has a large breakfast bar adjacent to the dining area, and a large 15' x 13' living room. The tall ceilings and 10-foot sliders to the balcony allow for plenty of natural light, and make this space feel even larger than it is with striking views. The private 26 x 5-foot balcony is tucked away and separated from the other north facing balconies and affords intracoastal views. This extra-large covered area with soaring Italian arches & columns extends from the living area to the bedroom. The outdoor area is a private space and an extension of the indoor spaces making this 1-bedroom apartment larger than many of the smaller 2 bedrooms in the building. A large master bedroom and huge walk-in with custom shelving takes advantage of the tall ceilings and gives you plenty of storage space. If you don't have enough storage this unit comes with a conveniently located 12' x 8' storage space located directly in front of the garage parking space on the same floor, just down the hall. The spacious master bath includes a large soaker tub and shower. If you are looking for a large unique yet private upscale loft condominium to enjoy the walkable city that West Palm Beach has become, look no further! Palm Beach and the beautiful Atlantic are less than 1 mile away. The high-speed Virgin Trains USA is just a few short blocks to connect you to Ft. Lauderdale, Miami and soon Orlando. Rosemary Square and and Historic Clematis St. are just a couple short blocks away. West Palm Beach is entering a new era. The city is taking off, and this could be your perfect launching point! If you haven't visited Two City Plaza it is the premier building in downtown West Palm Beach just a couple blocks from Cityplace, the waterfront, and 5 blocks from historic Clematis St. Two City has the best amenities in the city including a spectacular pool and amenity deck that includes inspiring views of the Atlantic Ocean and Palm Beach. 360 views on the rooftop deck give you amazing city views. There is beautiful bar and grilling area with fridge and ice maker. This area also serves as an outdoor theater for special events with a projection tv wall and outdoor speakers. There is a steam room and sauna along with a beautiful pool and jacuzzi tub. Two large seating areas to picnic or take your work outside with WiFi in all the common areas. If you don't feel like walking your dog at night outside you can use the dog walk area on the rooftop. The rooftop is truly one of the premier spaces in the downtown and has to be seen to be appreciated. Additional amenities in the Two City include a large fitness room which is undergoing a renovation to add additional machines. The fitness room is light and bright adjacent to a large outdoor courtyard with seating which is another area to get some work done in a beautiful upscale environment in a tropical setting with water features and lush landscaping. There is a large club room which you can use for special events or have a meeting. There is a premium indoor theater with stadium seating and hundreds of movies on demand, or watch a pay-per-view event. The best of all is that with all these amenities the association fees in Two City Plaza are very reasonable at just 60 cents a sq/ft. West Palm Beach has undergone a major resurgence in the last 25-30 years and is again in the middle of development cycle. There is currently over 3.3 billion dollars in our development pipeline. Two new class A office buildings are going up in the downtown which should drive values in the next 3-5 years as urban professionals will look to live in a city that allows you to walk to your office building just blocks away. A 100 million dollar renovation of the Norton Museum was just completed, The Kravis Theater for the performing arts is undergoing an upgrade and renovation, Cityplace now re-branded as Rosemary square and Clematis St. are expanding and redesigning the streets, facades and adding density by building luxury apartments. All these things are within a few short blocks of Two City Plaza. New Hotels, luxury apartments, historic renovations, streetscaping projects, a bicycle master plan, alley improvement projects, storm drains, street diets and much more is all happening simultaneously in downtown WPB right now. In addition to the billions in new projects that are going up all over the downtown, we now have a high speed rail station just blocks from Two City Plaza that connects us Ft. Lauderdale and Miami. This will also connect us with Orlando and Tampa in the next 3-5 years. 60 million tourists visit Orlando alone and many will now pass through our city and discover all that it has to offer on our beautiful waterfront just steps from the beautiful beaches and island of Palm Beach. Billionaire Philanthropist and Virgin Group owner Richard Branson just bought a stake in The Brightline and will be investing in the areas around the station. Cohen Brothers Realty are also investing in downtown WPB by bringing back to life a mixed-use project at The Carefree site just south of downtown on S. Dixie Ave. Cohen Brothers have also has just been awarded the exclusive rights to bring forth a project on the 3 plus acre "Tent Site" just next door to Two City Plaza. It is rumored they will bringing forth another Class A office building with an emphasis on medical office space. Our downtown has the unique character of being a walkable city that is not too big, nor too small just a 15 minute walk to the beaches in Palm Beach. There is no other city like it in South Florida and our city has a bright future ahead. This future should increase values and attract people in the Northeast who are used to paying thousands of dollars per sq/ft for quality spaces in the middle of cities like New York & Boston. Get a unique space like this now for a fraction of that while you still can!

Features

Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, OutdoorLivingArea
  • View: City,Intercoastal
Interior, Heating and Cooling
  • Interior Features: BuiltInFeatures, Bathtub, ClosetCabinetry, CathedralCeilings, DiningArea, SeparateFormalDiningRoom, EntranceFoyer, GardenTubRomanTub, Storage, SoakingTub, SeparateShower, VaultedCeilings, WalkInClosets
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, IceMaker, Microwave, Refrigerator, WaterHeater, Washer
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Year Built: 2008
  • Style: Colonial, Mediterranean
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
  • Elementary School: Roosevelt
  • Middle School: Conniston Community
  • Senior High School: Forest Hill
Other Property Info
  • Garage: 1
  • Listing Date: 2020-02-24T23:24:24.000-00:00
  • Directions: North
  • Pets Allowed: BreedRestrictions, Yes
Taxes, Fees & More
  • Maintenance Includes: CableTv, HotWater, Insurance, MaintenanceGrounds, RecreationFacilities, Security, Water
  • Taxes: 6170
  • Real Estate Taxes: 300000
  • Security Information: SecuritySystem, ClosedCircuitCameras, LobbySecured, SecurityGuard
  • Parking Description: Attached, Deeded, Garage, Guest
  • Total Floors in Building: 20
  • Total Units in Complex: 467

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Price History

Current
$332K
High
$350K
Low
$332K
Total Change
-5.1%
$352K$341K$330KNov 21Nov 20Jun 20
Date
Event
Price
Change
Price Per
06/25/2020
Sold
$332K
0%
$269 ft2
$2,896 m2
11/08/2020
Price Reduced
$332K
-5.14%
$269 ft2
$2,896 m2
11/14/2021
Listed
$350K
 
$284 ft2
$3,053 m2
06/25/2020
$332K
Event
Sold
Change
0%
Price Per
$269 ft2
$2,896 m2
11/08/2020
$332K
Event
Price Reduced
Change
-5.14%
Price Per
$269 ft2
$2,896 m2
11/14/2021
$350K
Event
Listed
Price Per
$284 ft2
$3,053 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael CuevasAcquire Palm Beach LLC • Buyer Agency Compensation .

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Scores

Walk Score®
Walker's Paradise. Daily errands do not require a car
91

100
Transit Score®
Some Transit. A few nearby public transportation options
40

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
84

100
Sound Score®
Very loud
66

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
43

100
Local Score
Limited local amenities nearby
2

100
Community Snapshot
1 – 3 BR
Bedrooms
$675K – $4M
Price Tier
786 - 3,753
SqFt Range
2008
Year Build
21
Total Floors

Subdivision Amenities

Bike Storage
Clubhouse
Dog Park
Elevators
Fitness Center
Management
Parking
Pool
Recreation Facilities
Sauna
Sidewalks
Storage
Trash

West Palm Beach
High-End
High-End Homes & Condos

City Plaza Communities in West Palm Beach, FL