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$749,000

Beds
2
Baths
2.0
sq ft
1,373

701 S Olive Ave Unit 1526, West Palm Beach, FL 33401

701 S Olive Ave Unit 1526

West Palm Beach, FL 33401

  • 232 days on market
    • Price drop $50,000↓
An elegant beauty on a high floor with exceptional western exposure for the ultimate sunset and city views. A great space with 14' ceilings. All appliances brand new! Large, private storage room conveniently located directly in front of assigned parking space. This is resort living at its finest: Rooftop pool & spa, state of the art gym, movie theatre, sauna, outdoor kitchen with BBQ, 24 hour doorman, valet, and full time management staff. Just one block to the Intracoastal and Flagler Drive Waterfront district. Close to Kravis Performing Arts Center, Palm Beach island, many shops & restaurants and Palm Beach International airport.

Details

Property type

Condominium

Est. home value

$779,125

Lot size

Unknown

Price per sq ft

$546

Year built

2008

Annual property taxes

$10,336

Monthly HOA fee

$1,333

Price History

03/18/2025
Beaches

Beaches #R11012700

Price change
$749,000
-6.26%
08/14/2024
Beaches

Beaches #R11012700

Listed
$799,000
+102.28%
04/23/2015
Beaches

Beaches #R10107464

Sold
$395,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$383,733
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$305,347
Cash to seller
$383,733

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

April 2020

Original loan amount

$340,000

Est. remaining balance

$305,347

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Bessie A Psihas and George P Psihas

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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701 S Olive Ave Unit 1506, West Palm Beach, FL 33401

Status: Active

Tomo last checked: 04/02/2025 at 9:55 PM

Listing updated: 03/18/2025 at 12:00 PM

Listed by: Dana Koch, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11012700

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