1701 S Olive Avenue, West Palm Beach, FL 33401

$3,495,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,556 Status: Active
Current Price: $3,495,000 List Date: 1/05/2026 Last Modified: 2/15/2026

Description

Located in the Mango Promenade Historic District, this 1918 Craftsman residence offers a rare opportunity to acquire a historically significant property in the heart of downtown West Palm Beach that is currently configured and used as three apartments, while presenting outstanding potential to be reimagined as a gorgeous single-family Craftsman residence with carriage house. Ideally positioned on South Olive Avenue, just moments from the Norton Museum of Art, CityPlace, Palm Beach Atlantic University, the Intracoastal Waterway, and the bridges to Palm Beach, the property combines architectural character, walkability, and long-term value in one of the city's most desirable neighborhoods. The main house is currently arranged as two apartments, together comprising four

Supplements: bedrooms and three bathrooms. The layout retains the generous room sizes, classic proportions, 10-foot ceilings, original Dade County pine floors, fireplaces, and abundant natural light that define early Craftsman architecture. While presently configured for multi-unit use, the scale and flow of the main residence lend themselves naturally to conversion back into a gracious single-family home, restoring the original Craftsman character while maintaining flexibility. A detached two-car carriage house completes the property and includes a fully independent one-bedroom, one-bath apartment. This structure is ideal for guest accommodations, extended family, home office, or studio use, and enhances privacy whether the property is enjoyed as a single residence or maintained with multiple living areas. Significant capital improvements have already been completed, allowing the next owner to focus on vision rather than infrastructure. Recent updates include a newly installed roof, impact-rated windows and doors, new HVAC, updated electrical and plumbing, and roof straps for hurricane resistance. Solid CBS construction further enhances durability, insulation, and long-term peace of mind. The property features a private garden sanctuary, a rare amenity in a walkable downtown setting. Mature landscaping provides a quiet outdoor retreat ideal for entertaining, dining, or relaxation. Secure off-street parking via the two-car garage adds convenience seldom found in this location. While currently used as a three-apartment property, the home's architectural integrity, proportions, and layout make it especially compelling for buyers seeking to convert it into a stunning single-family Craftsman residence, with the added benefit of a carriage house for guests or flexible use. The current configuration also allows for interim income or phased conversion, subject to buyer preference and local regulations. Downtown West Palm Beach continues to benefit from strong demand driven by walkability, cultural institutions, Brightline high-speed rail access, proximity to Palm Beach Island, and sustained regional growth. The nearby Norton Museum of Art serves as a cultural anchor, supporting neighborhood prestige and long-term value. Historic district designation helps preserve architectural character and neighborhood integrity. A rare opportunity to acquire a historic Craftsman property with income capability today and the potential to become a beautiful single-family residence tomorrow, located in one of South Florida's most vibrant and culturally rich downtown neighborhoods.

More Information MLS# RX-11150999

Contract Information

Go Active Date: 2026-01-05 Auction: No List Price/SqFt: 982.85 Negotiable Seller Concessions YN: No Listing Date: 2026-01-02 Status: Active Original List Price: 3495000 List Price: $3,495,000 Current Price: $3,495,000

General Property Description

Governing Bodies: None Main Level Bedrooms: 2 Main Level Bathrooms: 1 Property Condition: Resale Lot Dimensions: 90' X 75' SqFt - Total: 4321 Waterfront: No SqFt Source: Owner Guest House: Yes Gated Community: No SqFt - Guest House: 600 Covered Spaces: 2 Development Name: Croton Park Homeowners Assoc: None Pets Allowed: Yes Pets on Premises: No Bldg #: 1 Front Exp: East HOA/POA/COA (Monthly): 0 Open Parking Spaces: 5 Year Roof Installed: 2026 Unit Floor #: 1 Application Fee: 0 Association Deposit: No Total Units in Bldg: 2 Membership Fee Required: No Ttl Units in Complex: 3 Private Pool: No Type: Single Family Detached Total Bedrooms: 5 Baths - Full: 4 Baths - Total: 4 Year Built: 1918 SqFt - Living: 3556 Garage Spaces: 2 Subdivision: CROTON PARK Legal Desc: CROTON PARK E 75 FT OF LT 14 Lot SqFt: 6830 Total Floors/Stories: 2

Location, Tax & Legal

Geo Area: PB20 Country: United States State/Province: FL HOPA: No Hopa Short Sale: No Tax Year: 2025 Zoning: MF32(c Short Sale A/U: N/A Short Sale Addendum: No Taxes: 31791 Special Assessment: No REO: No Area: 5440 County: Palm Beach Parcel ID: 74434327180000141 Street #: 1701 Street Dir: S Street Name: Olive Street Suffix: Avenue Zip Code: 33401 Geo Lat: 26.698301 Geo Lon: -80.052558

Office/Member Info

DXORIGMLNO: RX-11150999 DXORIGMLSID: RML

Construction

Block: 1 CBS: 1 Concrete: 1

Master Bedroom/Bath

Mstr Bdrm - Sitting: 1 Mstr Bdrm - Upstairs: 1 Separate Shower: 1 Separate Tub: 1

Rooms

Attic: 1 Convertible Bedroom: 1 Den/Office: 1 Garage Apartment: 1 Laundry-Garage: 1 Laundry-Inside: 1 Storage: 1 Workshop: 1

Waterfront Details

None: 1

Lot Description

East of US-1: 1 < 1/4 Acre: 1 Corner Lot: 1 Paved Road: 1 Public Road: 1 Sidewalks: 1

Special Info

Sold As-Is: 1 Survey: 1

Equip/Appl Included

Auto Garage Open: 1 Dishwasher: 1 Dryer: 1 Range - Gas: 1 Washer: 1 Water Heater - Elec: 1

Cooling

Ceiling Fan: 1 Central: 1 Reverse Cycle: 1

Heating

Heat Pump-Reverse: 1

Exterior Features

Auto Sprinkler: 1 Covered Balcony: 1 Custom Lighting: 1 Fence: 1 Open Porch: 1 Zoned Sprinkler: 1

Furnished

Unfurnished: 1

Interior Features

Built-in Shelves: 1 Entry Lvl Lvng Area: 1 Fireplace(s): 1 Foyer: 1 Split Bedroom: 1 Upstairs Living Area: 1 Volume Ceiling: 1

Flooring

Carpet: 1 Tile: 1 Wood Floor: 1

Porch/Patio/Balcony

Balcony: 1 Patio: 1 Porch: 1

Utilities

Electric: 1 Gas Natural: 1 Public Sewer: 1 Public Water: 1

Parking

2+ Spaces: 1 Covered: 1 Driveway: 1 Garage - Detached: 1 Guest: 1

Pet Restrictions

No Restrictions: 1

Restrict

Lease OK: 1

Roof

Comp Shingle: 1

Subdiv. Amenities

Street Lights: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1

Window Treatments

Blinds: 1 Hurricane Windows: 1 Impact Glass: 1

Storm Protection

Impact Glass: Complete

Dining Area

Formal: 1

Taxes

No Homestead: 1

Guest House

1 Bath: 1 1 Bedrooms: 1 Kitchen: 1 Living Room: 1

Property Features

Construction: Block; CBS; Concrete Waterfront Details: None Lot Description: East of US-1; < 1/4 Acre; Corner Lot; Paved Road; Public Road; Sidewalks Exterior Features: Auto Sprinkler; Covered Balcony; Custom Lighting; Fence; Open Porch; Zoned Sprinkler Interior Features: Built-in Shelves; Entry Lvl Lvng Area; Fireplace(s); Foyer; Split Bedroom; Upstairs Living Area; Volume Ceiling Furnished: Unfurnished Rooms: Attic; Convertible Bedroom; Den/Office; Garage Apartment; Laundry-Garage; Laundry-Inside; Storage; Workshop Parking: 2+ Spaces; Covered; Driveway; Garage - Detached; Guest Pet Restrictions: No Restrictions Restrict: Lease OK Flooring: Carpet; Tile; Wood Floor Heating: Heat Pump-Reverse Cooling: Ceiling Fan; Central; Reverse Cycle Dining Area: Formal Roof: Comp Shingle Guest House: 1 Bath; 1 Bedrooms; Kitchen; Living Room Terms Considered: Cash; Conventional Utilities: Electric; Gas Natural; Public Sewer; Public Water Window Treatments: Blinds; Hurricane Windows; Impact Glass Special Info: Sold As-Is; Survey Taxes: No Homestead Possession: At Closing

Room Information

Living Room Length: 17.50 Width: 14.30 Length: 17.50 Level: Lower Width: 14.30 Kitchen Length: 14.30 Width: 10.80 Length: 14.30 Level: Lower Width: 10.80 Master Bedroom Length: 20.00 Width: 12.30 Length: 20.00 Level: Upper Width: 12.30 Dining Room Length: 14.30 Width: 12.00 Length: 14.30 Level: Main Width: 12.00 Florida Room Length: 14.30 Width: 9.00 Length: 14.30 Level: Main Width: 9.00 Porch Length: 12.20 Width: 9.00 Length: 12.20 Level: Main Width: 9.00 Bedroom 2 Length: 12.20 Width: 10.00 Length: 12.20 Level: Main Width: 10.00 Bedroom 3 Length: 12.20 Width: 10.00 Length: 12.20 Level: Main Width: 10.00 Living Room Length: 17.30 Width: 14.30 Length: 17.30 Level: Upper Width: 14.30 Dining Room Length: 14.30 Width: 12.00 Length: 14.30 Level: Upper Width: 12.00 Kitchen Length: 14.30 Width: 14.30 Length: 14.30 Level: Upper Width: 14.30 Bedroom 4 Length: 12.30 Width: 9.00 Length: 12.30 Level: Upper Width: 9.00 Balcony Length: 12.00 Width: 9.00 Length: 12.00 Level: Upper Width: 9.00 Other Room Length: 14.30 Width: 9.00 Length: 14.30 Level: Upper Width: 9.00
Listing Office: Sotheby's Intl. Realty, Inc.
IDX
Last Updated: February - 15 - 2026
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