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Two City Plaza, West Palm Beach
The 21 story tower at 701 South Olive Avenue has become downtown West Palm Beach's most liquid address. Finished in 2008, one block from the waterfront and the Royal Park bridge, it recorded more resales in the last two years than any luxury tower in the city, and its median market time ran fifteen days.
The Building
Two City Plaza is where downtown West Palm Beach’s condo market actually clears. The 21 story tower at 701 South Olive Avenue, finished in 2008, sits one block from the waterfront, two from the Royal Park bridge, and across the street from the restaurants that made this corner of downtown. It recorded 42 resales in the last two years, more than any luxury tower in the city, at a median near $1.21 million and a median market time of fifteen days. The penthouse floors tell the other half of the story: unit 1812 closed at $5.5 million in January 2026, a building record, and the upper lines with water views increasingly price like the new towers a fraction of their age.
One to three bedroom plans through the stack, with combined and penthouse lines on the upper floors. Finishes vary widely by owner, which is why the same stack can trade at very different numbers within a season.
Forty two recorded closings over the last two years at a median near $1.21 million and roughly $800 per square foot. The record is $5.5 million for penthouse 1812 in January 2026. Market time is the headline: a median of fifteen days makes this the fastest clearing luxury building in the city.
One block west of the waterfront and the Lake Trail's city end, two blocks from the Royal Park bridge to Palm Beach, and surrounded by the Olive and Dixie restaurant rows. The Square and the Kravis Center are both within a ten minute walk.
Liquidity is the building's edge, and it cuts both ways: pricing mistakes correct quickly here. Buyers should move with verified comps that are weeks old rather than months. The 2008 construction and amenity deck have aged well, and the association's paper reads cleanly.
Side by side
Market data is pulled live from the MLS on a trailing twelve-month basis, across all property types. Building details below are reference.
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Line-by-line sales activity, floor plan analysis, and building-specific commentary on Two City Plaza - the granular detail that separates a good purchase from a great one in this tower.
The 21 story tower at 701 South Olive recorded more resales than any luxury building downtown, on a median market time of fifteen days. Every closing from two years, the floor by floor pricing, and why liquidity is the building's...
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At 701 South Olive Avenue in downtown West Palm Beach, one block from the waterfront and two from the Royal Park bridge to Palm Beach island.
The recorded median over the last two years ran near $1.21 million, at roughly $800 per square foot. Upper water view lines run well above that and the penthouse record is $5.5 million.
A median of fifteen days on market across the last two years of recorded sales, the fastest of any luxury tower downtown. Well priced units here clear in the first weekend of showings.
Penthouse 1812 closed at $5.5 million in January 2026. The upper floors with water views keep testing that line as downtown’s new construction resets expectations.
No, and that is the value. It sits one block inland, so east lines carry Intracoastal and island views at prices below the true waterfront towers.
Owners who want a full service downtown base with real resale liquidity: a first Palm Beach area address, a working pied-a-terre, or a hold that can be exited in weeks rather than seasons.
We'd welcome the conversation.