Two City Plaza, 701 S Olive Ave #505

3
Beds
31/2
Baths
2,186
SqFt
$1,505
$/SqFt
High-End CondoProperty Type
2008Year Built
$1,505/SqFtPrice per sq ft
$2,295/moHOA Fees
2 carsParking Spaces
City,GardenView
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.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 76 DaysUpdated: 36 Days agoPage Views: 0

Features

MLS Number: B26064410
Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: BuiltInBarbecue, Barbecue, Courtyard, Garden, Lighting, OutdoorKitchen, OutdoorLivingArea, Other, UncoveredCourtyard
  • View: City,Garden
Interior, Heating and Cooling
  • Interior Features: BreakfastBar, BuiltInFeatures, Bathtub, CathedralCeilings, DualSinks, EntranceFoyer, HighCeilings, LivingDiningRoom, MultiplePrimarySuites, MultipleEnSuiteBathrooms, Pantry, SplitBedrooms, SoakingTub, SeparateShower
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Freezer, Disposal, IceMaker, Microwave, Range, Refrigerator, WaterHeater, Washer
  • Heating Description: Central,Individual
  • Cooling Description: CentralAir, CeilingFans
Building and Construction
  • Floor Description: Carpet, EngineeredHardwood, Tile
  • Windows/Treatment: Blinds, Sliding, StormWindows
  • Construction Type: MultiFamily
  • Year Built: 2008
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: 2
  • Listing Date: 2026-08-14T16:52:15.000-00:00
  • Directions: East
  • Pets Allowed: BreedRestrictions, NumberLimit, PetRestrictions, Yes
Taxes, Fees & More
  • Maintenance Includes: CommonAreas, CableTv, Insurance, MaintenanceGrounds, PestControl, Pools, ReserveFund, Sewer, Security, Trash, Water, Internet
  • Taxes: 12407
  • Security Information: SecuritySystem, BuildingSecurity, ClosedCircuitCameras, FireAlarm, FireSprinklerSystem, GatedWithGuard, SecuredGarageParking, KeyCardEntry, LobbySecured, SmokeDetectors
  • Parking Description: Assigned, Attached, Garage, Guest, Valet
  • Total Floors in Building: 21
  • Total Units in Complex: 467

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Price History

Date
Event
Price
Change
Price Per
08/14/2026
Listed
$3.3M
 
$1,505 ft2
$16,200 m2
08/14/2026
$3.3M
Event
Listed
Price Per
$1,505 ft2
$16,200 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Christopher Cronican • Douglas Elliman • Buyer Agency Compensation .
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Community Snapshot
2 – 3 BR
Bedrooms
$989K – $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

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