1701 S Olive Avenue, West Palm Beach, FL 33401
Local realty services provided by:CENTURY 21 Stein Posner
Listed by: benjamin s. stein, zenon griffith avery
Office: sotheby's intl. realty, inc.
MLS#:R11150999
Source:RMLS
Price summary
- Price:$3,495,000
- Price per sq. ft.:$808.84
About this home

Historic Craftsman Residence | Currently Used as 3 Apartments | Exceptional Single-Family Potential 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 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.
Contact an agent
Home facts
- Year built:1918
- Listing ID #:R11150999
- Added:49 day(s) ago
- Updated:February 21, 2026 at 03:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,556 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Reverse Cycle
- Heating:Heat Pump
Structure and exterior
- Roof:Composition, Shingle
- Year built:1918
- Building area:3,556 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$3,495,000
- Price per sq. ft.:$808.84
- Tax amount:$31,791 (2025)
New listings near 1701 S Olive Avenue
- Open Sun, 11am to 1pmNew
$639,000Active2 beds 2 baths1,744 sq. ft.2650 Lake Shore Drive #401, West Palm Beach, FL 33404
MLS# R11165239Listed by: ILLUSTRATED PROPERTIES - New
$399,000Active-- beds 2 baths1,416 sq. ft.112 W 34th Street S #1.2, West Palm Beach, FL 33404
MLS# R11165623Listed by: SOUTHERN KEY REALTY - New
$330,000Active2 beds 3 baths1,236 sq. ft.1017 10th Way, West Palm Beach, FL 33407
MLS# F10554205Listed by: BLUE REALTY OF PALM BEACH, LLC - Open Sun, 12 to 4pm
$500,990Active3 beds 3 baths1,532 sq. ft.200 Lakeside Landing Drive, West Palm Beach, FL 33411
MLS# R11139899Listed by: D.R. HORTON REALTY OF SOUTHEAS - New
$469,999Active4 beds 4 baths1,924 sq. ft.4581 Tara Cove Way Way, West Palm Beach, FL 33417
MLS# R11165611Listed by: EXIT REALTY PREMIER ELITE - New
$52,500Active1 beds 2 baths662 sq. ft.2737 E Emory Dr E #G, West Palm Beach, FL 33415
MLS# A11969620Listed by: CORNERSTONE REAL ESTATE BROKER - New
$340,000Active1 beds 1 baths774 sq. ft.300 S Australian Avenue #308, West Palm Beach, FL 33401
MLS# R11165604Listed by: BLUE VIEW REAL ESTATE
$649,900Active3 beds 2 baths2,001 sq. ft.7802 Red River Road, West Palm Beach, FL 33411
MLS# F10531722Listed by: SIGNATURE BEST FLORIDA REALTY
$950,000Active3 beds 3 baths2,025 sq. ft.1797 Gulfstream Way, West Palm Beach, FL 33411
MLS# R11134281Listed by: DOUGLAS ELLIMAN (WELLINGTON)- New
$615,000Active3 beds 2 baths2,084 sq. ft.2580 Kittbuck Way, West Palm Beach, FL 33411
MLS# R11165599Listed by: PROPERTY EXPO CENTER INC.