701 S Olive Avenue #505 & 506
TWO CITY PLAZA CONDO · West Palm Beach · FL · 33401
Overview
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.
Property details
Interior
- Bedrooms
- 3
- Full bathrooms
- 3
- Half bathrooms
- 1
- Living area
- 2,186 sq ft
- Flooring
- Carpet, Engineered Wood, Tile
- Cooling
- Ceiling Fan(s), Central Individual
- Heating
- Central Individual
- Laundry
- Inside, Laundry Closet
- Features
- Bedroom Layout - Split, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, High Ceilings, Pantry
Exterior & lot
- Construction
- CBS
- Roof
- Tile
- Stories
- 1
- View
- City, Garden
- Parking
- Assigned, Attached Garage, Garage, Guest, Valet
- Garage spaces
- 2
- Features
- Courtyard, Barbecue, Built-in Barbecue, Custom Lighting, Garden, Lighting, Outdoor Kitchen, Other
Community
- Subdivision
- TWO CITY PLAZA CONDO
- HOA
- Two City Plaza
- HOA fee
- $2,295 monthly
- Amenities
- 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
- County
- Palm Beach
Listing & financial
- Property type
- Condominium
- Year built
- 2008
- Annual taxes
- $12,407 (2025)
- Parcel ID
- 74434322410000505
- Buyer financing accepted
- Cash, Conventional
- Sale type
- Standard
- MLS #
- B26064410
Sale & tax history
This listing
| Aug 14, 2026 | Listed for sale | $3,290,000 |
Taxes
2025 property taxes: $12,407. In Florida, taxes are re-assessed after a sale, so a new owner's bill can be different (your homestead exemption can lower it).
Full sale and tax history is public at the county property appraiser (parcel ID 74434322410000505). Open the Palm Beach County Property Appraiser ↗
Location
Approximate location. Street View opens in Google Maps where Google has street photos.
Neighborhood
- Subdivision
- TWO CITY PLAZA CONDO
- City
- West Palm Beach
- County
- Palm Beach County
- Elementary school
- Roosevelt
- Middle school
- Conniston Community
- High school
- Forest Hill
Schools as reported by the listing agent. Always confirm school assignments with the district: Palm Beach County schools ↗.
Climate, weather & flood risk
Average temperatures by month
Winters are mild, with highs around 76°F from December to February. The coolest nights come in January (about 58°F); the warmest days in July (about 90°F).
| Month | Low | Range | High | Rain |
|---|---|---|---|---|
| Jan | 58° | 75° | 3.5″ | |
| Feb | 60° | 77° | 2.6″ | |
| Mar | 63° | 79° | 3.3″ | |
| Apr | 68° | 82° | 3.7″ | |
| May | 72° | 86° | 4.9″ | |
| Jun | 75° | 88° | 8.5″ | |
| Jul | 76° | 90° | 5.6″ | |
| Aug | 76° | 90° | 8.7″ | |
| Sep | 76° | 88° | 8.0″ | |
| Oct | 73° | 85° | 5.9″ | |
| Nov | 66° | 80° | 3.6″ | |
| Dec | 62° | 76° | 3.5″ |
Average daily low and high (°F) and monthly rainfall (inches). Source: NOAA U.S. Climate Normals 1991–2020, West Palm Beach Intl Airport station (3 mi away). Most rain falls in short summer afternoon showers.
Monthly payment
Estimated monthly payment
$22,158/mo
- Principal & interest$16,636
- Property taxes$1,034
- Home insurance$2,193
- HOA$2,295
Estimate only, not a loan offer. The rate is an example: ask a lender for today's rates. In Florida, property taxes are re-assessed after a sale, so the seller's last bill is only a starting point; your homestead exemption can lower it. Insurance is a rough estimate; get a real quote, including flood and wind coverage. Talk to a lender we trust →
