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Unit 518
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Two City Plaza Unit 518 Sold

$850,000
701 S Olive Ave · West Palm Beach Intracoastal · West Palm Beach
Two City Plaza Unit 518 Sold
$850,000
701 S Olive Ave · West Palm Beach Intracoastal · West Palm Beach
MLS R10502404
Two City Plaza Unit 518, 701 S Olive Ave, West Palm Beach Intracoastal, West Palm Beach FL 33401, photo 1 of 1
$850,000Sold Price
$394Per SqFt
2/2½Beds/BathsBd/Ba
2,156SqFt · 200.3 m²
Two City Plaza · MLS R10502404 · 2827 days on Zilbert · Listed Feb 6, 2019 · 701 S Olive Ave, West Palm Beach Intracoastal, West Palm Beach FL 33401

Property Details

Sold Price$850,000
Last Asking Price$925,000
Price per SqFt$394
Maintenance Fee$1,273 Monthly
Property Taxes$10,852 2018
Interior Space2,156 SqFt
Beds/Baths2/2½
Year Built2008
Closed Date5/7/2019
MLS #R10502404

Location

Directions

From the listing

This unique luxury condominium combines all the benefits of an upscale urban downtown setting with a magnificent 1,500+ sq/ft terrace. Enjoy tropical outdoor living in one of West Palm Beach's premier buildings and central downtown locations. This large 2 bedroom 2.5 bath corner unit with den has an open floor plan that enjoys tremendous natural light with 14 ft. volume ceilings and numerous 12 ft. doors and windows. Be inspired by views of the city, the intracoastal and The Breakers in Palm Beach. The combination of the open floor plan, tall ceilings, sliders & windows an gigantic outdoor area makes this one of a kind a must see. The unit has too many custom upgrades to list and comes with 2 premium mezzanine parking spaces. Two City Plaza's rooftop pool and terrace is breathtakin If you haven't visited Two City Plaza it is the premier building in downtown West Palm Beach just a couple blocks from Cityplace, the waterfront, and 5 blocks from historic Clematis St. Two City has the best amenities in the city including a spectacular pool and amenity deck that includes inspiring views of the Atlantic Ocean and Palm Beach. 360 views on the rooftop deck give you amazing city views. There is beautiful bar and grilling area with fridge and ice maker. This area also serves as an outdoor theater for special events with a projection tv wall and outdoor speakers. There is a steam room and sauna along with a beautiful pool and jacuzzi tub. Two large seating areas to picnic or take your work outside with WiFi in all the common areas. If you don't feel like walking your dog at night outside you can use the dog walk area on the rooftop. The rooftop is truly one of the premier spaces in the downtown and has to be seen to be appreciated. Additional amenities in the Two City include a large fitness room which is undergoing a renovation to add additional machines. The fitness room is light and bright adjacent to a large outdoor courtyard with seating which is another area to get some work done in a beautiful upscale environment in a tropical setting with water features and lush landscaping. There is a large club room which you can use for special events or have a meeting. There is a premium indoor theater with stadium seating and hundreds of movies on demand, or watch a pay-per-view event. The best of all is that with all these amenities the association fees in Two City Plaza are very reasonable at just 60 cents a sq/ft. West Palm Beach has undergone a major resurgence in the last 25-30 years and is again in the middle of development cycle. There is currently over 3.3 billion dollars in our development pipeline. Two new class A office buildings are going up in the downtown which should drive values in the next 3-5 years as urban professionals will look to live in a city that allows you to walk to your office building just blocks away. A 100 million dollar renovation of the Norton Museum was just completed, The Kravis Theater for the performing arts is undergoing an upgrade and renovation, Cityplace is expanding and redesigning the streets, facades and adding density by building luxury apartments. All these things are within a few short blocks of Two City Plaza. New Hotels, luxury apartments, historic renovations, streetscaping projects, a bicycle master plan, alley improvement projects, storm drains, street diets and much more is all happening simultaneously in downtown WPB right now. This is all being built on top of the major resurgence that took place from 2000-2010. The West Palm Beach story is impossible to put into words, but the best way to describe it would be buy Billionaire Palm Beach investor and developer Jeff Greene who just broke ground a nearly 900,000 sq/ft Class A office building, hotel and luxury apartment building "West Palm Beach is like a rocket ship that is just starting to take off" The rocket is leaving the pad and is now picking up speed. In addition to the billions in new projects that are going up all over the downtown, we now have a high speed rail station just blocks from Two City Plaza that connects us Ft. Lauderdale and Miami. This will also connect us with Orlando and Tampa in the next 3-5 years. 60 million tourists visit Orlando alone and many will now pass through our city and discover all that it has to offer on our beautiful waterfront just steps from the beautiful beaches and island of Palm Beach. Billionaire Philanthropist and Virgin Group owner Richard Branson just bought a stake in The Brightline and will be investing in the areas around the station. Cohen Brothers Realty are also investing in downtown WPB by bringing back to life a mixed-use project at The Carefree site just south of downtown on S. Dixie Ave. Cohen Brothers have also has just been awarded the exclusive rights to bring forth a project on the 3 plus acre "Tent Site" just next door to Two City Plaza. It is rumored they will bringing forth another Class A office building with an emphasis on medical office space. Celebrity Chef Todd English just opened a new restaurant on S. Dixie called "Todd's" There are too many things to list that are happening in and around the downtown. The city is working with The Knight Foundation and Gehl architects who helped redesign Copenhagen to make it the bike friendly and walkable city that it is today. Our downtown has the unique character of being a walkable city that is not too big, nor too small just a 15 minute walk to the beaches in Palm Beach. There is no other city like it in South Florida and our city has a bright future ahead. This future should increase values and attract people in the Northeast who are used to paying thousands of dollars per sq/ft for quality spaces in the middle of cities like New York & Boston. Get a unique space like this now for a fraction of that while you still can!

Listed by Sun Realty USA Inc.

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$1,273
Property taxes$904
Per month$2,178

Maintenance $1,273 a month; taxes $10,852 for 2018. MLS figures, which may not be accurate.

Sales History for This Unit · Two City Plaza Unit 518

Sale ⇅Sold Price ⇅Asking Price ⇅Beds/Baths ⇅SqFt ⇅Closed Date ⇅

What Other Units Have Been Selling For at Two City Plaza

36 units sold at Two City Plaza in the last 12 months at an average of $922/SqFt

Below, the most recent sales most like this unit: units with the same bedroom count.

Unit ⇅Sold Price ⇅% of Ask ⇅Beds/Baths ⇅SqFt ⇅$/SqFt ⇅Closed Date ⇅

For a full analysis of past sales in this building, contact Mark Zilbert.

Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at Two City Plaza. Ask me about this residence, the line, or the building.

Listed by Sun Realty USA Inc.. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in West Palm Beach and throughout South Florida.

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.

More at Two City Plaza

At Two City Plaza, 4 of 447 units are for sale and 36 sold in the last 12 months at an average of $922 per SqFt. Unit 518 sold at $394 per SqFt, above the building's average at the time. Figures compiled by Mark Zilbert, a West Palm Beach real estate agent with ONE Sotheby's International Realty, from MLS records.

Mark ZilbertAsk Mark
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