$5,500,000

701 S Olive Ave Unit 2012 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated payment $34,652/month

Total Views 364
3 Beds
4 Baths
2,734 Sq Ft
$2,012 Price per Sq Ft

Highlights

  • Doorman
  • Outdoor Pool
  • Marble Flooring
  • Fitness Center
  • Waterfront
  • 3-minute walk to Trinity Park

About This Home

Breathtaking views high above downtown West Palm Beach. This 20th floor 3BR+ penthouse captures sweeping views of the Intracoastal, Palm Beach & the Atlantic Ocean. Thoughtfully designed for comfortable & sophisticated daily living & entertaining over expansive water views. Enjoy a graciously scaled open living room w/ a custom bar, 11' floor-to-ceiling glass & an open chef's kitchen. PH includes 2 premium parking spaces w/EV charging & climate-controlled storage w/electric & wine coolers. Building amenities include a rooftop pool deck w/ grills, dog park, & TVs, 24 hr security, plus a 5th floor gym, club room, theatre, & spa w/ steam & dry saunas. No upcoming assessments. Seller open to selling w/ furniture. Moments away from downtown WPB & PB, PBI Airport, & world-class dining & retail.

Listing Agent

Suzanne Frisbie

The Corcoran Group License #508253 Listed on: 10/31/2025

The Corcoran Group

Co-Listing Agent

Richard Frisbie

The Corcoran Group License #3417714

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $38,112

Year Built

  • Built in 2008

Lot Details

  • Waterfront
  • East Facing Home

HOA Fees

  • $2,688 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 2,734 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Library
  • Storage

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows

Outdoor Features

  • Outdoor Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 74434322410002012

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, sewer, water
  • 467 Units
  • Two City Plaza Condo Community
  • On-Site Maintenance
  • 21-Story Property

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$38,112

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,688 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Okeechobee Blvd East from I-95, turn north on Olive Ave, and find us on the second block on the left. Complimentary valet parking provided.
  • Building Name: Two City Plaza Condo
  • Year Built: 2008
  • Location Tax Legal:Name of Building: Two City Plaza Condo
  • Location Tax Legal:Zoned: QGD-25 QUADRILLE GARDEN DISTRICT – 25 (74-WEST PALM BEACH)
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 38112.0
  • Location Tax Legal:Tax Year2: 2025
  • General Property Description:Living Area: 2734.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 2688.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 467
  • General Property Description:_pound_ Floors: 21.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Security System: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Pets:Pets Allowed: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, W/W Carpeting
  • Interior Amenities: Ceiling Fan(s), Storage, Wet Bar, Other (See Remarks)
  • Living Area: 2734.0
  • Stories: 21
  • Interior Features:Storage: Yes
  • Interior Features:Other (See Remarks)3: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Other Rooms:Other (See Remarks)8: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Pool Private: No
  • Waterfront: Yes
  • Exterior Features: Balcony, Impact Windows, Elevator, Lobby, Other (See Remarks)
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:Other (See Remarks)7: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking:Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security Guards, Security System, Other Security, Door Person
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Pool
  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Sewer, Water

Lot Info

  • Parcel #: 74434322410002012
  • Zoning: QGD-25 QUADRILLE GARDEN DISTRICT – 25 (74-WEST PALM BEACH)

Multi Family

  • Number Of Units Total: 467
  • Maintenance Expense: 2688.0

Tax Info

  • Tax Annual Amount: 38112.0
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $35,545 $1,692,143 -- --
2023 $34,726 $1,642,857 $0 $0
2022 $34,445 $1,595,007 $0 $0
2021 $34,455 $1,548,550 $0 $0
2020 $34,301 $1,527,170 $0 $0
2019 $35,259 $1,492,835 $0 $0
2018 $32,343 $1,465,000 $0 $1,465,000
2017 $26,042 $1,172,088 $0 $0
2016 $26,018 $1,147,980 $0 $0
2015 $26,521 $1,140,000 $0 $0
2014 $22,886 $980,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2025 10/31/25 For Sale $5,500,000 +223.5% $2,012 / Sq Ft
12/18/2017 12/18/17 Sold $1,700,000 -14.8% $620 / Sq Ft View Prior Sale
11/18/2017 11/18/17 Pending -- -- --
08/24/2017 08/24/17 For Sale $1,995,000 +53.5% $728 / Sq Ft
10/31/2014 10/31/14 Sold $1,300,000 -8.8% $474 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $1,425,000 +21.3% $520 / Sq Ft
06/18/2012 06/18/12 Sold $1,175,000 0.0% $429 / Sq Ft View Prior Sale
06/18/2012 06/18/12 Sold $1,175,000 0.0% $429 / Sq Ft View Prior Sale
05/19/2012 05/19/12 Pending -- -- --
05/19/2012 05/19/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $1,175,000 -14.5% $429 / Sq Ft
01/26/2011 01/26/11 For Sale $1,375,000 -- $502 / Sq Ft
Source: Palm Beach Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,700,000 --
Deed $1,190,000 --
Warranty Deed $1,300,000 Attorney
Warranty Deed $1,175,000 Patch Reef Title Company Inc
Special Warranty Deed $1,662,408 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 No Value Available
Closed -- No Value Available
Closed -- No Value Available
Previous Owner $881,250 New Conventional
Source: Public Records

Source: Palm Beach Board of REALTORS®

MLS Number: 25-1602

APN: 74-43-43-22-41-000-2012

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

701 S Olive Ave Unit 2012, West Palm Beach, FL

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Listing Agent
Suzanne Frisbie
Section Image
The Corcoran Group
(561) 216-7129