2 years on rocket

701 S Olive Ave Unit 112, West Palm Beach, FL, 33401

$2,790,000

1 Bedroom
2 Partial Baths
1,603 SqFt
$1,740/SqFt
Condo

Location

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage - Building, Street
Garage1 space
Year Built2008
CoolingCentral Air
WaterfrontNone
ViewCity
MLS #RX-10787387
StatusActive

About 701 S Olive Ave Unit 112

LOCATION! LOCATION! LOCATION! The most visible and convenient SE corner of this Live/Work space in downtown West Palm Beach! This open concept loft style boasts 22' ceilings, large windows with awnings, and beautiful lighting. This space is zoned for residential and commercial use! It could be your unique home and/or office in the heart of downtown and have great tax advantages for combined business use. Comes w/optimal parking space on ground level w/ direct lobby access and full-time valet services available for customers. Separate entrance outside or walk through the grand lobby. Enjoy the luxuries of the large rooftop pool/hot tub, dry sauna, spacious steam room, complete summer kitchen, and 5th floor fitness center and club lounge. electric grills, moonlight theatre, designated pet

Property Details

Property Features

Property Information:

  • Architectural Style: 4+ Floors, Contemporary, Multi-Level
  • Year Built: 2008
  • Stories: 21
  • Living Area: 1,603 SqFt

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Listing Agent: Michelle L Esposito PA

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm, Freezer, Ice Maker, Microwave, Refrigerator, Washer, Electric Water Heater
  • Flooring Type: Tile, Vinyl Floor
  • Interior: Built-in Shelves, Fire Sprinkler, Volume Ceiling

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City
  • Exterior: Awnings

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Assigned, Garage - Building, Street

Virtual/3D Tour

  • Virtual Tour: 701 S Olive Ave Unit 112
Virtual Tour

Lot Features

Lot Information:

  • Lot: Sidewalk

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-95, East on Okeechobee Blvd, left on S. Olive ad 2 blocks on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,790,000
  • Price Per SqFt: $1,740/SqFt

HOA Fees:

  • Amount: $1104
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

Med. Sold Price

$399.4K

Med. Price/SqFt

$273

Avg. Days On Market

69

# of Sold Homes

188

701 S Olive Ave Unit 112 vs West Palm Beach

996 DAYS ON ROCKET

+927 Days

$2,790,000

+$2.3M More

$1,740/SqFt

+$1.4K More

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price and $1.4K/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10787387

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Listing Agent: Michelle L Esposito PA

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,431

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1742
8
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 0.73 miles

  • Public Magnet Grades KG-5

school-card-donut-1743
5
/10
  • U. B. Kinsey/Palmview Elementary School

  • 800 11th St

  • 1.26 miles

  • Public Magnet Grades PK-5

school-card-donut-1744
3
/10
  • Belvedere Elementary School

  • 3000 Parker Ave

  • 1.51 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,908. The majority of West Palm Beach, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 701 S Olive Ave Unit 112

What is the listing price of this property?

The listing price of 701 S Olive Ave Unit 112 property is $2,790,000.

What type of property is this?

The property 701 S Olive Ave Unit 112 is a condo located in West Palm Beach, Florida, 33401.

Is this property for sale now?

Active Listing: 701 S Olive Ave Unit 112 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 701 S Olive Ave Unit 112 has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 701 S Olive Ave Unit 112 is 1,603 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 701 S Olive Ave Unit 112 is 2008.
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Rocket Homes›Florida›Palm Beach County›West Palm Beach›33401›701 S Olive Ave Unit 112

This home is located at 701 S Olive Ave Unit 112 in West Palm Beach, FL and zip code 33401 in the Downtown neighborhood. This 1,603 square foot home was built in 2008. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2022 and is currently priced at $2,790,000.

In November 2024 more than 17 listings in West Palm Beach, FL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 146 were sold below. The inventory of homes for sale in West Palm Beach, FL between October 2024 and November 2024 increased by 11.1%. In November 2024 median list price was $399,465 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

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