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Built in 1981 - 249 units - 43 floors

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Building Information

Palace

Number of units: 249
Active listings for rent: 4
Active listings for sale: 10
Building inventory for sale: 4%
Number of sales over the last 12 months: 6
Number of sales over the last 6 months: 2
Number of sales over the last 3 months: 1
Avg. time to close over last 12 months: 119 days

Address

1541 Brickell Ave, Miami, Miami-Dade, FL, 33129

The Palace Condominium
Address: 1541 Brickell Ave,
Miami, FL 33129
Phone: +1 305-858-8400

Recent Sales

Unit # Size Closing Date Sale Price PPSF
C3005 1,697 sq ft Dec 2024 $873,000 $514
B3503 1,640 sq ft Oct 2024 $630,000 $384
C1805 1,697 sq ft Jul 2024 $888,000 $523
B1504 1,640 sq ft Apr 2024 $720,000 $439
C1408 1,475 sq ft Feb 2024 $1,015,000 $688

Market Information

Building vs Area

Palace: $462/sq. ft.
Miami: $895/sq. ft.

Area vs City

Miami $895/sq. ft.
Miami-Dade $688/sq. ft.

Inventory for sale

Miami: 5%
Miami-Dade: 5%

Avg. time to close over last 12 months

Palace 119 days
Miami: 91 days
Miami-Dade: 90 days