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$4,995,000

Beds
3
Baths
3.5
sq ft
2,741

701 S Olive Ave Unit 2012, West Palm Beach, FL 33401

701 S Olive Ave Unit 2012

West Palm Beach, FL 33401

  • 1 day on market
Welcome to penthouse perfection with panoramic direct ocean and intracoastal views! Experience unparalleled elegance and craftsmanship in this extraordinary penthouse in the heart of downtown West Palm Beach. From the moment you enter this spectacular residence, you know you have stepped into a truly magnificent home in the sky; with breathtaking views, which are encapsulated by floor-to-ceiling 11ft glass that expand throughout the main living area & kitchen. Boasting 2,741sqft, this one-of-a-kind residence features an expansive balcony on east side facing waterways, 3 bedrooms, plus large flex room/den and 3 1/2 bathrooms all ensuite. The stunning one-of-a-kind entertaining bar and renovated kitchen are an exquisite work of art positioned perfectly making this the focal point of the home

Details

Property type

Condominium

Est. home value

$3,057,282

Lot size

Unknown

Price per sq ft

$1,823

Year built

2008

Annual property taxes

$35,545

Monthly HOA fee

$2,688

Price History

01/07/2025
Beaches

Beaches #R11049689

Listed
$4,995,000
+193.82%
12/18/2017
Beaches

Beaches #R10361831

Sold
$1,700,000
+30.77%
10/31/2014
Beaches

Beaches #R10060128

Sold
$1,300,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Sidewalks

Number of units in community: 

467

Seller’s Loan History

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

Lender

First Republic Bank

Loan start date

May 2021

Original loan amount

$315,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Credit Line (Revolving), 25 year

Seller

David Leibowitz and Myriam Leibowitz

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?

Status: Active

Tomo last checked: 01/08/2025 at 3:30 PM

Listing updated: 01/08/2025 at 12:35 AM

Listed by: Christopher Cronican, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11049689

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