$810,409 - $1,041,000
RENTED JAN 10, 2025

701 S Olive Ave Unit 2117 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood
2 Beds
2 Baths
1,373 Sq Ft
$692 Price per Sq Ft

Last Sold December 19, 2013

Last sale price $395,000 $288 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $6,239/month

About This Home

As of December 2013

SEASONAL PENTHOUSE FURNISHED RENTAL available for 2024/2025 season. We have the perfect reason for you to spend the winter in South Florida. In addition to the great year round weather, top rated beaches and the feeling of being on vacation without leaving your condo, this is the perfect rental for you. Located in prime downtown West Palm Beach this 2 bedroom, 2 bathroom condo is located in the luxury high-rise, Two City Plaza. This top floor penthouse offers high ceiling heights and expensive views of the cityscape where you can enjoy incredible sunsets. Amenities included 24 hour front desk, secure garage parking, rooftop pool, gym equipped with a peloton bike, indoor & outdoor theater, dog walk area, Minutes to Palm Beach Island, Kravis Center, Norton Museum, restaurants, entertainment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2024
Sold by
Ghavami Paymaneh and Mckenna Thomas
Bought by
Mckenna Paymaneh and Ghavami Paymaneh
Current Estimated Value
$949,602

Purchase Details

Listed on
Sep 7, 2013
Closed on
Dec 18, 2013
Sold by
Ulrich Laurel
Bought by
Mckenna Thomas
Seller's Agent
Christine Kostelnik
Lang Realty
Buyer's Agent
Lanae Barnes
Illustrated Properties LLC (Co
List Price
$439,000
Sold Price
$395,000
Premium/Discount to List
-$44,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%

Purchase Details

Closed on
Oct 21, 2011
Sold by
Kolter City Plaza Ii Inc
Bought by
Ulrich Laurel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,419
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mckenna Paymaneh -- None Listed On Document
Mckenna Thomas $395,000 K Title Company Llc
Ulrich Laurel $375,000 K Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckenna Paymaneh $80,000
Previous Owner Ulrich Laurel $215,419
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Rented $6,500 0.0% --
12/29/2024 12/29/24 Under Contract -- -- --
12/23/2024 12/23/24 Price Changed $6,500 -7.1% $5 / Sq Ft
11/11/2024 11/11/24 For Rent $7,000 -6.7% --
12/22/2023 12/22/23 Under Contract -- -- --
12/18/2023 12/18/23 Rented $7,500 -6.3% --
10/02/2023 10/02/23 For Rent $8,000 0.0% --
10/15/2022 10/15/22 Rented $8,000 0.0% --
09/21/2022 09/21/22 Under Contract -- -- --
06/20/2022 06/20/22 For Rent $8,000 +6.7% --
11/15/2021 11/15/21 Rented $7,500 0.0% --
09/16/2021 09/16/21 Under Contract -- -- --
09/15/2021 09/15/21 For Rent $7,500 +66.7% --
09/16/2020 09/16/20 Rented $4,500 0.0% --
09/15/2020 09/15/20 Under Contract -- -- --
07/15/2020 07/15/20 For Rent $4,500 0.0% --
01/15/2020 01/15/20 Rented $4,500 0.0% --
11/26/2019 11/26/19 Under Contract -- -- --
10/23/2019 10/23/19 For Rent $4,500 -10.0% --
10/15/2018 10/15/18 Rented $5,000 0.0% --
09/15/2018 09/15/18 Under Contract -- -- --
09/06/2018 09/06/18 For Rent $5,000 0.0% --
12/19/2013 12/19/13 Sold $395,000 -10.0% $288 / Sq Ft
11/19/2013 11/19/13 Pending -- -- --
09/07/2013 09/07/13 For Sale $439,000 -- $320 / Sq Ft

Tax History Compared to Growth

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 $11,090 $431,910 -- --
2023 $10,335 $392,645 $0 $0
2022 $8,511 $356,950 $0 $0
2021 $7,718 $345,000 $0 $345,000
2020 $6,971 $295,000 $0 $295,000
2019 $7,572 $305,000 $0 $305,000
2018 $7,279 $315,000 $0 $315,000
2017 $8,958 $385,000 $0 $0
2016 $9,140 $385,000 $0 $0
2015 $9,019 $370,000 $0 $0
2014 $8,498 $345,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ivy Lipkin Jimenez

    Seller's Agent in 2025

    Ivy Lipkin Jimenez

    IJL Real Estate Group LLC

    (561) 271-1490

    12 in this area

    45 Total Sales

    Ivy Lipkin Jimenez
    Section Image

  • J

    Buyer's Agent in 2025

    Jacob Falk

    Echo Fine Properties

    (561) 373-7277

    6 in this area

    10 Total Sales

    Jacob Falk
    Section Image
  • Deborah Lang

    Buyer's Agent in 2022

    Deborah Lang

    Berkshire Hathaway Florida Realty

    (609) 213-1900

    1 in this area

    14 Total Sales

    Deborah Lang
    Section Image

  • T

    Seller's Agent in 2021

    TONI LEE

    The Corcoran Group

  • M

    Buyer's Agent in 2021

    Matt Lane

    William Raveis South Florida

  • N

    Buyer's Agent in 2020

    NON MEMBER

    NON MEMBER FIRM

See All Agents

Map

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

701 S Olive Ave Unit 2117, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 701 S Olive Ave Unit 2117, West Palm Beach, FL 33401 and is currently estimated at $949,602, approximately $691 per square foot. 701 S Olive Ave Unit 2117 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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