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Live-Work Condominium with Dual Entry
For Sale
$2,800,000

117-701 S Olive Ave, West Palm Beach, FL 33401

Ground-floor live-work unit offers private street and lobby entrances plus a second-floor loft workspace.

Property SizeContact for details
Days on Market53

Property Features for 117-701 S Olive Ave

General Information

Standard status Active
Total Parking Spaces 1

Taxes and HOA fees

Annual Taxes $17,645

Amenities

rooftop pool
summer kitchen
moonlight theatre
ocean views
fitness center
steam room
sauna
movie theatre
club lounge
24-hour security
concierge
pet friendly
free valet parking

Building Details

Year Built 2008
Listing Agency: Illustrated Properties
Listed By: John Douglas Browne
Source: Exprealty
Added: Jul 18 Changed: Sep 6 Last Checked: Sep 7 at 1:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Illustrated Properties

Investment Insights

Based on property information with market context.

This live-work condominium unit features dual entry access with both a private street entrance and a lobby entrance. The first floor includes a downstairs entry foyer, a large waiting room, a large conference room, two offices, a kitchen, a laundry room, and a half-bath with handicapped access. The second floor loft provides an additional waiting room, a large executive office with views of the downstairs waiting room and street, a full bath, and a walk-in closet. The unit has independent central heating and cooling and includes a private underground parking space.

The building was constructed in 2008 and is managed with 24-hour security, concierge services, and free valet parking, along with metered street parking. The property also lists a rooftop pool area with a summer kitchen, a moonlight theatre, ocean views, and a state-of-the-art fitness center with steam room and sauna. Additional amenities include a movie theatre and club lounge, and the building is described as pet friendly.

Key Highlights

  • Ground‑floor live‑work condominium with both private street and lobby entrances for commercial and/or residential use
  • Downstairs features: entry foyer, large waiting room, large conference room, two offices, kitchen, laundry room, and half‑bath with handicapped access
  • Second‑floor loft includes a waiting room, large executive office with views of the downstairs waiting room and street, full bath, and walk‑in closet

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Mobile Phone Store Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,624
Businesses Nearby

Demographics for 33401, FL

31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Ground-floor live-work unit offers private street and lobby entrances plus a second-floor loft workspace.
Where is this live-work space located?
The property is located at 117-701 S Olive Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Ground‑floor live‑work condominium with both private street and lobby entrances for commercial and/or residential use; Downstairs features: entry foyer, large waiting room, large conference room, two offices, kitchen, laundry room, and half‑bath with handicapped access; Second‑floor loft includes a waiting room, large executive office with views of the downstairs waiting room and street, full bath, and walk‑in closet
More about this property
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