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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: 3
Active listings for sale: 4
Building inventory for sale: 1%
Number of sales over the last 12 months: 13
Number of sales over the last 6 months: 2
Number of sales over the last 3 months: 0
Avg. time to close over last 12 months: 84 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

Link: https://

Recent Sales

Unit # Size Closing Date Sale Price PPSF
A1202 1,640 sq ft Sep 2025 $765,000 $466
B404 1,640 sq ft Aug 2025 $530,000 $323
A801 1,697 sq ft Jun 2025 $875,000 $516
T301 1,495 sq ft May 2025 $1,247,500 $834
T107 1,630 sq ft May 2025 $1,250,000 $767
A1901 1,697 sq ft May 2025 $849,900 $501

Market Information

Building vs Area

Palace: $505/sq. ft.
Miami: $627/sq. ft.

Area vs City

Miami $627/sq. ft.
Miami-Dade $671/sq. ft.

Inventory for sale

Miami: 5%
Miami-Dade: 4%

Avg. time to close over last 12 months

Palace 84 days
Miami: 70 days
Miami-Dade: 77 days