1701 S Olive Avenue, West Palm Beach, FL 33401 (MLS# R11150999)

Dining Area: Formal Dining

Electric: Three Phase

Exterior Features: Custom Lighting

Flooring: Carpet; Wood

Guest House Features: 1 Bath; 1 Bedrooms; Kitchen; Living Room

Parking Features: Covered; Garage Door Opener; Guest; Detached Garage; Garage

Property Condition: Resale

Appliances: Dishwasher; Dryer; Gas Range; Washer; Water Heater

Water Heater Details: Electric Water Heater

Construction Materials: Block; CBS; Concrete

Cooling: Ceiling Fan(s); Central Air; Reverse Cycle

Fencing: Fenced

Heating: Heat Pump

Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; High Ceilings; Storage; Upstairs Living Area

Laundry Features: In Garage; Inside

Listing Terms: Cash; Conventional

Lot Features: Corner Lot; Sidewalks

Pets Allowed YN: Yes

Pets Allowed: No Restrictions

Possession: Close Of Escrow

Restrictions: Lease OK

Road Frontage Type: East of US-1; Public Road

Road Surface Type: Paved

Roof: Composition; Shingle

Sewer: Public Sewer

Special Information: Property Survey Available; Sold As-Is

Sprinkler Description: Auto Sprinkler; Zoned Sprinkler

Tax Information: No Homestead

Utilities: Natural Gas Available; Sewer Available; Water Available

Water Access: None

Water Source: Public

Window Features: Blinds; Storm Window(s)

Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany

Outdoor Living Spaces: Balcony; Patio; Porch

Balcony Details: Balcony - Covered

Porch Details: Porch - Open

Room Types: Attic; Bedroom 2; Bedroom 3; Bedroom 4; Convertible Bedroom; Den; Dining Room; Florida Room; Garage Apartment; Kitchen; Laundry; Living Room; Master Bedroom; Other; Workshop

Acreage Description: Less Than 1/4 Acre Lot

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.