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
This property is $2.4M 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
All 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: 5/7/2024, 3:20:32 AM 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$13.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,104
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,431
Powered By
Advertisement
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.
Elementary School
1
/10
Roosevelt Elementary School
1220 L A Kirksey St
Distance between this listing and this school1.62 miles
Public Magnet Grades PK-5
Middle School
4
/10
Conniston Middle School
3630 Parker Ave
Distance between this listing and this school2.05 miles
Public Magnet Grades 6-8
High School
3
/10
Forest Hill Community High School
6901 Parker Ave
Distance between this listing and this school3.71 miles
Public Magnet Grades 9-12
Assigned Schools
1
/10
Roosevelt Elementary School
1220 L A Kirksey St
Distance between this listing and this school1.62 miles
Public Magnet Grades PK-5
Nearby Schools
7
/10
Palm Beach Public School
239 Cocoanut Row
Distance between this listing and this school0.69 miles
Public Magnet Grades KG-5
3
/10
U. B. Kinsey/Palmview Elementary School
800 11th St
Distance between this listing and this school1.26 miles
Public Magnet Grades PK-5
Assigned Schools
4
/10
Conniston Middle School
3630 Parker Ave
Distance between this listing and this school2.05 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Roosevelt Middle School
1900 N Australian Ave
Distance between this listing and this school1.83 miles
Public Magnet Grades 6-8
8
/10
Renaissance Charter School At West Palm Beach
1889 Palm Beach Lakes Blvd
Distance between this listing and this school2.55 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Forest Hill Community High School
6901 Parker Ave
Distance between this listing and this school3.71 miles
Public Magnet Grades 9-12
Nearby Schools
9
/10
Alexander W Dreyfoos Junior School of The Arts
501 S Sapodilla Ave
Distance between this listing and this school0.50 miles
Public Magnet Grades 9-12
7
/10
G-Star School of The Arts
2065 Prairie Rd Bldg J
Distance between this listing and this school4.64 miles
The neighbors living near this home have an average income of $49,908. The most common annual income of people living in West Palm Beach, FL is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area 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.
What are the assigned schools for this property?
The assigned schools for 701 S Olive Ave Unit 112 are: Roosevelt Elementary School: GreatSchools Rating 1/10Conniston Middle School: GreatSchools Rating 4/10Forest Hill Community High School: GreatSchools Rating 3/10
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.
Interested in 701 S Olive Ave Unit 112? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
While more than 29 listings in West Palm Beach, FL in April 2024 were sold above asking price, there were more than 42 listings sold at asking price, and more than 274 were sold below. In April 2024 in West Palm Beach, FL there were 6.5% more homes for sale than in March 2024. While the average time on the market in April 2024 was 59 days, the median list price was $386,296.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Hiking/backpacking
Hiking/backpacking
Tennis
Live Theatre
Bloomingdales
Crate & Barrel
H&M
Starbucks
Boston Market
Chipotle
Audi
BMW
Mercedes
Alternative
News