701 S Olive Ave Unit 503 West Palm Beach, FL 33401
Downtown West Palm Beach Neighborhood
2
Beds
2
Baths
1,324
Sq Ft
$1,112/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Clubhouse
- Ocean Front
- Pool and Spa
- 3-minute walk to Trinity Park
About This Home
As of December 2023In the heart of downtown West Palm Beach, you'll find a stunning fully renovated condo that exudes modern luxury. This spacious residence boasts two generously sized bedrooms each with its own private bathroom, and a versatile den that can serve as a home office or additional living space. With soaring 14-foot ceilings, this condo offers an open and airy atmosphere that's truly captivating. Enter into the heart of this home, the designer kitchen, where no expense was spared. It features all new appliances, exquisite countertops with oversized waterfall island and custom cabinetry, making it a chef's dream come true. The entire condo showcases all-new flooring that adds elegance to the space. Designer lighting, window treatments and molding add the final touches to truly make it special... 1 garage-parking space and storage. Amenities in this full-service building are endless; 24-hr security-concierge, roof top pool, hot tub, sauna, steam room, brand new fully-renovated state of the art gym, outdoor kitchen w/ BBQ area and all NEW Restoration Hardware furniture, outdoor & indoor movie theaters, club room, table tennis, lanai courtyard w/ water feature, fitness center, renovated roof top dog park area, complimentary valet parking & exceptional staff. Located in downtown West Palm Beach, you'll enjoy the convenience of city living, with access to vibrant shops, dining, minutes to beach, PBI airport and cultural attractions just minutes away. This condo is the epitome of contemporary urban living, offering both style and comfort in one remarkable package. Don't miss the opportunity to make it your own!
Last Agent to Sell the Property
Douglas Elliman License #SL-3389273 Listed on: 10/04/2023
Property Details
Home Type
- Condo-Op
Est. Annual Taxes
- $10,597
Year Built
- Built in 2008
Lot Details
- Ocean Front
- Property fronts an intracoastal waterway
- South Facing Home
- Sprinkler System
HOA Fees
- $1,112 Monthly HOA Fees
Parking
- 1 Car Garage
Interior Spaces
- 1,324 Sq Ft Home
- Dining Area
- Library
- Storage
- Utility Room
- Home Gym
Kitchen
- Eat-In Kitchen
- Single Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Marble
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
Pool
- Pool and Spa
- Outdoor Pool
Utilities
- Central Heating and Cooling System
- Cable TV Available
Additional Features
- Non-Toxic Pest Control
- Balcony
- Property is near a clubhouse
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 74434322410000503
Community Details
Overview
- Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water, (see remarks)
- 467 Units
- Two City Plaza Condo Community
- On-Site Maintenance
- 21-Story Property
Amenities
- Doorman
- Common Area
- Clubhouse
- Lobby
- Elevator
Recreation
- Fitness Center
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 17, 2023
Sold by
Izaak Peter Thomas
Bought by
Braha Donna Ellen
Purchase Details
Listed on
Oct 31, 2019
Closed on
Oct 31, 2019
Sold by
Plener Barry
Bought by
Izaak Peter Thomas and Braha Donna Ellen
Seller's Agent
Lori Cronican
Douglas Elliman
Buyer's Agent
Donna Braha
Illustrated Properties LLC (Co
List Price
$425,000
Sold Price
$425,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.90%
Original Mortgage
$318,750
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 30, 2013
Sold by
Kolter City Plaza Ii Inc
Bought by
Plener Barry
Similar Homes in West Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $149,000 | None Listed On Document | |
| Warranty Deed | $425,000 | Attorney | |
| Special Warranty Deed | $340,000 | K Title Company Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $318,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | For Sale | $1,245,000 | +8.3% | $940 / Sq Ft |
| 12/01/2023 12/01/23 | Sold | $1,150,000 | -2.1% | $869 / Sq Ft |
| 10/04/2023 10/04/23 | For Sale | $1,175,000 | +176.5% | $887 / Sq Ft |
| 10/31/2019 10/31/19 | Sold | $425,000 | 0.0% | $321 / Sq Ft |
| 10/31/2019 10/31/19 | For Sale | $425,000 | 0.0% | $321 / Sq Ft |
| 10/14/2017 10/14/17 | For Rent | $2,850 | +4.2% | -- |
| 10/14/2017 10/14/17 | Rented | $2,735 | +1.3% | -- |
| 02/01/2016 02/01/16 | For Rent | $2,700 | +3.8% | -- |
| 02/01/2016 02/01/16 | Rented | $2,600 | -- | -- |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $20,559 | $950,000 | -- | -- |
| 2023 | $12,547 | $479,160 | $0 | $0 |
| 2022 | $10,597 | $435,600 | $0 | $0 |
| 2021 | $9,231 | $400,000 | $0 | $400,000 |
| 2020 | $8,464 | $360,000 | $0 | $360,000 |
| 2019 | $8,901 | $360,000 | $0 | $360,000 |
| 2018 | $8,524 | $370,000 | $0 | $370,000 |
| 2017 | $8,384 | $360,000 | $0 | $0 |
| 2016 | $8,203 | $345,000 | $0 | $0 |
| 2015 | $8,057 | $330,000 | $0 | $0 |
| 2014 | $7,406 | $300,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2025
Lori Cronican
Douglas Elliman
(561) 459-2805
86 in this area
143 Total Sales
-
C
Seller Co-Listing Agent in 2025
Christopher Cronican
Douglas Elliman
(509) 254-1608
71 in this area
107 Total Sales
-
D
Buyer's Agent in 2019
Donna Braha
Illustrated Properties LLC (Co
-
C
Buyer's Agent in 2017
Christine Carpenter
Logan Realty Inc
(508) 332-9955
-
D
Seller's Agent in 2016
Dawn Liskay
Premier Estate Properties Inc
(772) 234-5555
-
Buyer's Agent in 2016
Robert Cornella
Paradise Real Estate Intl
(561) 310-3213
6 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 23-1543
APN: 74-43-43-22-41-000-0503
Nearby Homes
- 701 S Olive Ave Unit 1803
- 701 S Olive Ave Unit 307
- 701 S Olive Ave Unit 805
- 701 S Olive Ave Unit 712
- 701 S Olive Ave Unit 1206
- 701 S Olive Ave Unit 1208
- 701 S Olive Ave Unit 714
- 701 S Olive Ave Unit 1011
- 701 S Olive Ave Unit 1202
- 701 S Olive Ave Unit 1506
- 701 S Olive Ave Unit 626
- 801 S Olive Ave Unit 1012
- 801 S Olive Ave Unit 225
- 801 S Olive Ave Unit 127
- 801 S Olive Ave Unit 702
- 801 S Olive Ave Unit 605
- 801 S Olive Ave Unit 804
- 801 S Olive Ave Unit 608
- 801 S Olive Ave Unit 409
- 801 S Olive Ave Unit 211