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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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701 S Olive Avenue 505 & 506 , West Palm Beach, FL 33401
$3,290,000
Est. Payment: $7,311.11/mo
3 Bed
3.5 Bath
2186 Sqft
Status: Active | Days on site: 26
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FLL802465 - FLL276542845,FLL276542600
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House Description

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.

Highlights

Listed by Christopher Cronican , 509-254-1608 and Lori Cronican , 509-254-1683 Douglas Elliman , 561-655-8600.

Property Type

Condo/Townhome

HOA Fee

2295 Monthly

Year Built

2008

County

Palm Beach

Area

5420

Neighborhood

Two City Plaza Condo

Listing ID

B26064410

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3.5
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:
Floor:Carpet,Hardwood,Tile,Wood
Other:
  • Additional:Breakfast Bar, Built-in Features, Bathtub, Dual Sinks, Entrance Foyer, High Ceilings, Living/Dining Room, Main Living Area Entry Level, Split Bedrooms, Shower Only, Pantry
Water:Public

Exterior Features

Lot:Buyer Approval Required
Garage Capacity:2
Zoning:QGD-25 (city)
Roof:Tile
Others:
  • Additional:Barbecue, Courtyard, Lighting, Outdoor Grill, Patio
Sewer:Not Connected (at lot),Public Sewer,Other
Parking Features:Assigned,Attached,Garage,Guest,Two or More Spaces,Valet
Principal Interest
$7,311
Taxes
$1,034
HOA
$2,295

Home Price

$3,290,000

Loan Details

30 yrs
%

Down Payment

20%
$658,000
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Monthly Price:
$7,311.11

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $7,311.11 $1,033.92 $2,295.00 $10,640.03
Yearly $87,733.33 $12,407.00 $27,540.00 $127,680.33
Total $2,632,000.00 $372,210.00 $826,200.00 $3,830,410.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.