801 S Olive Avenue 1402, West Palm Beach, FL 33401 — MLS photo

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801 S Olive Avenue 1402, West Palm Beach, FL 33401

Active · Condominium

$1,750,000

801 S Olive Avenue 1402, West Palm Beach, FL 33401

Beds
2
Baths
2
Living area
1,475 sq ft
$ / sq ft
$1,186/sq ft
Year built
2006
Lot size
—
HOA fee
$1,572 Monthly
Annual tax
$16,895

About this property

One City Plaza | Premier Luxury Condominium & Coastal Views. Discover the ultimate downtown lifestyle in West Palm Beach's most sought after luxury address. This desirable, south-facing furnished residence features 2 bedrooms plus a versatile open dining area (which can also serve as an open den, or can be closed off to serve as an additional bedroom), 2 bathrooms, 1 assigned parking space and 1 assigned storage closet. Experience calming views of the Ocean, Intracoastal, and PBAU from your oversized private balcony—larger than most in the building. The interior boasts rich hardwood flooring in the living areas, upscale designer living room & dining room furniture, and a full laundry room with a sink. Residents enjoy five-star service from the city's finest valet and staff, with world-class rooftop amenities: a heated pool, sauna, steam room, and BBQ areas with amazing vistas to take in. Location is everything: A few city blocks to City Place, Clematis Street, and local museums, or take a quick trip over the bridge to Midtown Beach, or shopping on Worth Avenue. Minutes from PBIA and the Brightline. On-site bike storage included. Turnkey and ready for a new owner to enjoy.. Downtown West Palm Beach is booming as a sophisticated hub, blending Old World charm with modern luxury, epitomized by the new Mr. C Residences being built along the west side of One City Plaza, contributing to the city's vibrant growth alongside new dining, arts, and walkable amenities, creating a dynamic destination for residents and visitors alike. One City Plaza offers Owners to rent their apartments immediately: 6 months minimum, twice a year.

Property location

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801 S Olive Avenue 1402, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,475 sq ft
Flooring
Carpet, Hardwood, Other, Wood
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Dual Sinks, Garden Tub Roman Tub, Living Dining Room, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2006
Stories
16
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None
View
Intercoastal, Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$1,572 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Internet, Pest Control, Sewer, Security, Water
Amenities
Bike Storage, Clubhouse, Controlled Access, Management, Guard, Sauna, Storage, Trash, Elevators
Security
Closed Circuit Cameras, Gated With Guard, Key Card Entry, Lobby Secured, Motion Detectors, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$16,895
Subdivision
ONE CITY PLAZA CONDOMINIUM
County
Palm Beach
Days on market
287
MLS listing ID
R11153349
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,575

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.7%
Gross yield
5.1%
Mortgage payment
$8,296/mo
Down payment
$437,500
Loan amount
$1,312,500
Annual NOI
$32,645

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.